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ICE canola confused on Friday

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – The ICE Futures canola market was mixed on Friday morning, remaining range-bound. Canola prices were muted due to the elusive trade deal with China. Continued protests in Hong Kong have the potential to disrupt or hinder the country’s economy, which could have far-reaching global implications. Soybeans […] Read more

Global Markets: China strikes back with tariff hikes

By MarketsFarm WINNIPEG, August 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – In the latest turn in the United States/China trade war, on Friday China announced it will impose tariffs of five to 10 per cent on approximately US$75 billion of U.S. goods in two […] Read more

saskatchewan barley

Feed weekly outlook: Old-, new-crop barley prices converge

MarketsFarm — Feed grains prices have been softening as old-crop and new-crop prices converge during harvest. Tracy Green, a grain broker with Market Master Ltd. in Edmonton, said Feedlot Alley is “well-covered” and waiting for harvest. However, buyers in central Alberta are seeing prices around $237 delivered for old-crop barley. For deliveries into Lethbridge for […] Read more

cbot december corn

U.S. grains: Corn edges higher on cool weather

Chicago | Reuters — U.S. corn futures inched higher on Thursday, stabilizing from three-month lows set a day earlier, supported by worries that cool weather could slow the maturity of the delayed U.S. crop, analysts said. Wheat rose on technical buying and better-than-expected weekly U.S. export sales. But soybean futures declined, retreating from early strength […] Read more

Canadian Financial Close: Canadian dollar dips slightly

By MarketsFarm WINNIPEG, Aug. 22 (MarketsFarm) – The Canadian dollar was slightly down on Thursday, but held on above 75 U.S. cent mark. The dollar finished the day at US$0.7523 or US$1=C$1.3293, which compares with Wednesday’s close of US$0.7531 or US$1=C$1.3278. Global equities showed mixed performances today, posting either modest gains or minor losses. Investors […] Read more

North American Grain and Oilseed Review: Canola range-bound pending reports

By Glen Hallick, MarketsFarm WINNIPEG, August 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Thursday, as bids continue to be range-bound. That situation is very unlikely to change anytime soon, said a trader, adding two reports could provide the impetus to push canola prices up or down to a […] Read more