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ICE canola midday: Buying nudges up prices

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – ICE Futures canola contracts were slightly higher at midday Monday as there could increases in the Chicago soy complex on Tuesday, according to a Winnipeg-based trader. “The odds are we’re going to get a firmer start tonight following the buying on Friday. Therefore, traders want to

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was holding near unchanged Monday morning in thin and choppy activity as markets in the United States were closed for Martin Luther King Jr. Day. At 8:56 CST Monday morning the Canadian dollar was at US$0.7655 or C$1.3063 which compares with Friday’s North American close

ICE canola starts the week higher

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market was slightly higher to start the week, taking direction from a stronger tone for Malaysian palm oil and European rapeseed. United States markets are closed for Martin Luther King Jr. Day, so there is no activity on the Chicago Board of

Prairie cash wheat: Bids mostly lower

MarketsFarm — Wheat bids in Western Canada were mostly lower for the week ended Friday. Losses were observed in Canada Western Red Spring Wheat (CWRS) and Canada Prairie Spring Red (CPSR), with durum (CWAD) slightly higher. Average CWRS (13.5 per cent protein) wheat prices were down by about 50 cents to $1 per tonne, according

U.S. grains: Corn soars on bargain buying

Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March

Canadian Financial Close: Canadian dollar slightly lower

By MarketsFarm WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar finished the week slightly lower. The dollar finished the day at US$0.7656 or US$1=C$1.3062, compared to Thursday when it closed at US$0.7666 or US$1=C$1.3045. Stock markets were stronger, remaining around all-time highs due to reports detailing positive economic data. Easing trade tensions between the United