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Canola narrowly mixed Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Tuesday morning, as activity resumed following the Canadian Thanksgiving weekend. Soybean futures at the Chicago Board of Trade were higher on Monday, when the canola market was closed, but were posting small losses on Tuesday. Soyoil was slightly […] Read more

Canadian Dollar and Business Outlook: Loonie falters after long weekend

By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was lower Tuesday morning as the Canadian markets reopened after the Thanksgiving long weekend. As of 8:45 CDT, the Canadian dollar was at US$0.7557 or C$1.3231. That compares to Friday’s North American close of US$0.7577 or C$1.3198. Crude oil prices were steady to lower Tuesday […] Read more

medical cannabis production canada

Pot producer CannTrust to destroy $77M in plants, inventory

Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan to regain full regulatory compliance. Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it found the company was illegally […] Read more

cbot november soybeans

U.S. grains: Soybeans climb on weather worries

Chicago | Reuters — U.S. soybean futures neared a four-month high on Monday, supported by fears that wintry weather over the weekend threatened Midwest production at a time of tightening U.S. soy supplies, analysts said. Wheat futures firmed on short-covering and worries about frosty temperatures in the U.S. Plains wheat belt, while corn ended steady, […] Read more

U.S. farmers cheered by apparent trade truce

Chicago | Reuters — U.S. farmers cheered the Trump administration’s announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases. Treasury Secretary Steven Mnuchin said the agricultural purchases could scale up to $40 billion-$50 billion annually as part of a […] Read more

cbot december corn

U.S. grains: Corn jumps four per cent

Chicago | Reuters — U.S. corn futures surged more than four per cent on Friday while wheat and soybeans also firmed, buoyed by expectations for a partial U.S.-China trade deal and worries about wintry weather threatening crops in the Midwest, analysts said. Chicago Board of Trade December corn settled up 17-1/2 cents at $3.97-3/4 a […] Read more