Canadian Dollar and Business Outlook: Loonie bumps up

Dodge says BoC to boost interest rates

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The Canadian dollar was a pinch higher on Tuesday morning despite a stronger United States dollar. As of 8:41 am CST, the Canadian dollar was at US$0.7915 or C$1.2641, compared to Monday’s close of US$0.7901 or C$1.2656. On the U.S. Dollar Index, the greenback rose

North American Grain and Oilseed Review: Old crop down hard, new crop pushes higher

Crude weakens CBOT soy, threat of war ups wheat

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures stepped well back in the old crop months on Monday, while the new crop positions were moderately higher. Pressure from sharp declines in Chicago soybeans and soyoil, as well as European rapeseed weakened canola. A significant downturn in global crude oil



ICE canola weakens early Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, taking some direction from the Chicago Board of Trade soy complex to start the week. Speculative profit-taking added to the selling pressure in canola, as fund traders were thought to be adjusting positions after last week’s late



Cold snap drags on cattle market movement

Cold snap drags on cattle market movement

Prices at Manitoba auctions showed some strength, however

Winter weather kept activity on the quiet side at many Manitoba cattle auctions during the week ended Jan. 14 as sales slowly pick up to start the new year. “The cold and the wind… backed some guys off until the upcoming week,” said Allan Munroe of Killarney Auction Mart. While only 251 cattle were on


ICE canola correcting lower ahead of weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 21 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, seeing a modest correction after climbing sharply higher the previous two sessions. Speculators were behind much of the activity, adjusting their positions and booking profits ahead of the weekend. Losses in Chicago Board of Trade

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was weaker Friday morning, backing below the 80 U.S. cent level. At 8:40 a.m. CST Friday morning the Canadian dollar was at US$0.7987 or US$1=C$1.2520, which compares with Thursday’s close of US$0.8017 or US$1=C$1.2474. Statistics Canada reported that retail sales in the country increased by


ICE Canada Morning Comment: Canola reverses course, turns lower

Mixed signals from comparable oils

WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back on Friday morning, amid mixed signals from comparable oils. While there were gains in Chicago soyoil, soybeans and soymeal were down. As were the front months of European rapeseed with its deferred positions on the rise. Malaysian palm oil as well was

North American Grain/Oilseed Review: Canola rally continues

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market was up sharply for the second-straight session on Thursday, as bullish technical signals kept speculators on the buy side. A rally in the Chicago Board of Trade soy complex provided spillover support for canola, according to participants. Malaysian palm oil and