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Canadian Financial Close: Loonie stronger at midweek

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar remained over 75 United States cents on Wednesday, reacting to relative strength in financial markets. The dollar finished the day at US$0.7545 or US$1=C$1.3254, compared to Tuesday when it closed at US$0.7524 or US$1=C$1.3291. Gains in U.S. stock indices were led by a strong performance

Pea crops strong, but prices falter

MarketsFarm — Pea crops across the Prairies are expected to be in good condition ahead of the harvest. “As we go along with the sunshine and heat, the pulses are coming in fairly quickly,” said Darwin Hamilton of Kalshea Commodities in Winnipeg. “Without any excess moisture, the quality should be good this year.” Pea prices

U.S. farmers to harvest record-large corn crop, second-largest soy crop, USDA says

Estimates don't include impact of recent Midwest storm

Chicago | Reuters — U.S. farmers will reap their biggest corn harvest and their second biggest soybean harvest this fall as good summer weather shepherded the crops through key phases of development, the U.S. Agriculture Department said on Wednesday. The crop outlooks, which also included average yields for both corn and soybeans as the largest

ICE canola weaker ahead of USDA reports at midday Wednesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, continuing to back away from nearby highs as bearish technical signals weighed on prices. Speculators who had been buying canola at the start of the month have flipped to the other side to book profits, according

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar was stronger Wednesday morning, as gains in crude oil provided some support for the energy-linked currency. At 8:58 CDT Wednesday morning the Canadian dollar was at US$0.7536 or C$1.3266 which compares with Tuesday’s North American close of US$0.7524 or C$1.3291. Crude oil was underpinned amid

Global Markets: Harris’s political star rises, Morneau’s is sinking

Union, automakers begin contract talks

By MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Democrat presidential nominee Joe Biden announced on Tuesday that first-term United States Senator Kamala Harris will be his running mate in November’s election. Harris is the first African-American woman, first Asian-American and the

ICE canola futures: Prices lower on Wednesday morning

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Wednesday morning, ahead of August’s World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE is expected to have a generally bearish influence on the market. Gains in Chicago soyoil prevented

Pulse weekly outlook: Chickpea prices steady into harvest

MarketsFarm — The chickpea harvest is underway in some areas of the Prairies, including southern Alberta and southwestern Saskatchewan, where pulse crops were planted earlier due to drier spring weather. So far, the chickpea crop has seen co-operative weather conditions. “As we go along with this sunshine and heat, the pulses are coming in very