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Canadian Financial Close: Canadian dollar up along with stock and oil rally

By MarketsFarm WINNIPEG, May 24 (MarketsFarm) – The Canadian dollar was up at Friday’s close, amid cautious optimism on the global trade front. The Canadian dollar closed at US$.7419 or US$1=C$1.3478, up from Thursday’s close of US$.7437 or US$1=C$1.3447. The S&P/TSX Composite Index gained 65.43 points to close at 16,230.04. Most stock indexes gained, though […] Read more

North American Grain/Oilseed Review: Canola finishes week on strong note

By Glen Hallick, MarketsFarm WINNIPEG, May 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, with a trader noting the markets will continue to be choppy and nervous. He said this will continue with the transition from unsettled spring weather to summer-like weather during June. Also, the trader pointed out canola […] Read more


Fewer cattle, softer prices ahead of summer slowdown

Last week’s sale at Virden saw the biggest drop in volumes

As spring carries on, with summer approaching, the Grunthal Livestock Auction Mart has seen its numbers slip a little, according to manager Harold Unrau. “Prices were a little bit softer. Our head counts are down too, going into summer,” he said. At Grunthal’s May 14 auction, 295 feeders and 88 slaughter cattle were sold. The […] Read more


ICE canola midday: Prices bounce in choppy, nervous market

By Glen Hallick, MarketsFarm WINNIPEG, May 24 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as the markets are choppy and nervous, according to a Winnipeg-based trader. At midday, the July contract was up C$2.90 at C$444.70 per tonne. The November contract was up C$3.40 at C$455.80 per tonne. “We’re going to […] Read more


ICE canola firm Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 24 (MarketsFarm) – ICE Futures canola contracts were stronger Friday morning, seeing a modest recovery after Thursday’s declines. Gains in the Chicago Board of Trade soy complex provided some spillover support, with speculative positioning ahead of the weekend a feature. Markets in the United States will be closed Monday […] Read more

Canadian Dollar and Business Outlook: Bounce in oil pushes up loonie

By MarketsFarm WINNIPEG, May 24 (MarketsFarm) – The Canadian dollar was stronger Friday morning, due to a bounce in crude oil prices. As of 8:38 CDT, the Canadian dollar was at US$0.7437 or C$1.3443. That compares to Thursday’s North American close of US$0.7419 or C$1.3478. After two days of losses, including drops of more than […] Read more