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Canadian Financial Close: Falling crude pushes down loonie

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday, due to falling oil prices as the loonie continues to retreat from its 2019 high. The loonie finished the day at US$0.7652 or US$1=C$1.3069, which compares with Wednesday’s close of US$0.7661 or C$1.3053. Benchmark oil prices were down […] Read more

North American Grain/Oilseed Review: Canola up, U.S. grains all down

By Phil Franz-Warkentin, MarketsFarm Winnipeg, July 18 (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, recovering from earlier losses as speculative positioning and production uncertainty provided support. While crop conditions are relatively favourable across much of Western Canada, development is highly variable with uncertain production prospects keeping a weather premium […] Read more

Canola mixed at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed at midday Thursday in thin and choppy activity. Losses in Chicago Board of Trade soybeans and corn accounted for some of the spillover selling pressure in canola. Relatively favourable crop weather for much of Western Canada also weighed on […] Read more

ICE canola slightly lower

By Marlo Glass, MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The ICE Futures canola market was slightly lower on Thursday morning, in higher-than-average trade volumes. The market was lower after a stronger day on Wednesday. Uncertain North American weather forecasts have kept a weather premium in the market. Traders are thought to be staying with a […] Read more

Canadian Dollar and Business Outlook: Loonie heading down

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The Canadian dollar was down Thursday morning, as it continues to back away from recent highs that made the country’s exports less appealing. As of 8:35 CDT, the Canadian dollar was at US$0.7646 or C$1.3076. That compares to Wednesday’s North American close of US$0.7661 or C$1.3053. Crude oil […] Read more

Global Markets: Iran seizes oil tanker

By MarketsFarm WINNIPEG, July 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Iran’s Revolutionary Guard has seized a foreign oil tanker reportedly smuggling fuel in the Persian Gulf. The vessel was the same ship that was initially towed into Iranian waters after sending out a […] Read more

cbot september wheat

U.S. grains: Wheat, soybeans slightly lower after midday rise

Chicago | Reuters — Chicago wheat and soybean futures settled slightly lower on Wednesday as forecasts for cooler weather lifted expectations for better crop conditions after this week’s hot spell, though corn edged higher. Markets had been falling since Monday’s U.S. Department of Agriculture (USDA) weekly crop progress report, which showed conditions for soy and […] Read more