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Canadian Financial Close: C$ ends steady

By MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar was steady at Tuesday’s close, recovering from early weakness relative to its United States counterpart. The Canadian dollar closed at US$0.7966 or US$1=C$1.2554 on Tuesday, which was unchanged from Monday’s North American close US$0.7966 or US$1=C$1.2553. Air Canada reached a bailout deal with the federal

North American Grain and Oilseed Review: Canola bounces back largely due to stronger Chicago soyoil

A ‘Turnaround Tuesday’ for U.S. markets

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, due to gains in comparable edible oils, particularly Chicago soyoil. Tight supplies continued to underpin old crop values, which experienced the larger gains. Meanwhile, the dryness supported new crop prices. Speculation there might be more canola going

ICE Canola Midday: Higher edible oils push up prices

Sharp gains in Chicago soyoil

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday on a ‘Turnaround Tuesday,’ although prices backed away from their highs. There were sharp gains in Chicago soyoil, as wells as support from increases in Malaysian palm oil and European rapeseed. A Winnipeg-based trader commented there have

ICE canola corrects higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – ICE Futures canola contracts were posting solid “turnaround Tuesday” gains in early trade, taking some direction from Chicago Board of Trade soyoil. Malaysian palm oil and European rapeseed futures were also higher in overnight activity. While recent losses did some damage to canola from a chart

North American Grain and Oilseed Review: Canola down, but off from its lows

U.S. prices pull back with long liquidation

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday, but recovered from larger declines. While the rain and snow on the Prairies provided much needed moisture, the amounts are unlikely to change the dry conditions across much of the region. Tight supplies continued to support old


ICE Canola Midday: Prices swing lower, but recovering

Weakness in soybeans, soyoil

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Monday, but contracts were recovering from earlier lows. “A little bit of (precipitation) on the Prairies was enough to break the canola pricing,” a Winnipeg-based trader commented. As the need to get the crops planted this spring

ICE canola weakens early Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – ICE Futures canola contracts were weaker Monday morning, seeing some follow-through selling after Friday’s retreat from nearby highs. Early losses in Chicago Board of Trade soybeans and soyoil contributed to the weaker tone in canola. Malaysian palm oil was also down overnight, while European rapeseed futures



Pre-Easter lull and weather hit cattle market volume

Pre-Easter lull and weather hit cattle market volume

Despite scant supply, prices held up nicely

Aspring snowstorm and holiday shutdowns ahead of the Easter long weekend limited activity at Manitoba’s cattle auction yards during the week ended April 1, but prices — for what moved — were solid. Snow and strong winds led to highway closures across the Prairies on March 29 to 30. “Producers didn’t want to take their

ICE canola up at midday ahead of USDA report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, hitting fresh contract highs in the nearby May contract as concerns over tightening supplies remained supportive. Chart-based speculative buying was a feature, as investors adjusted positions ahead of the weekend. Drought conditions across much of Western Canada