Canadian Financial Close: C$ slightly firmer

By MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was slightly firmer on Tuesday, seeing some consolidation after Monday’s strength. The Canadian dollar settled at US$0.7952 or US$1=C$1.2575 on Monday, which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583. Canada’s international trade surplus widened to C$1.94 billion in August, according to a

North American Grain/Oilseed Review: Canola sharply higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, climbing above nearby resistance as gains in outside markets provided support. Malaysian palm oil, European rapeseed and Chicago Board of Trade soyoil futures all posted solid gains, with that buying interest spilling into the canola market. Chart-based


Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The Canadian dollar was firmer Tuesday morning, as continued strength in crude oil underpinned the energy-linked currency. At 9:30 a.m. CDT Tuesday morning, the Canadian dollar was at US$0.7955 or US$1=C$1.2571 which compares with Monday’s North American close of US$0.7947 or US$1=C$1.2583. Canada’s international trade surplus widened to

ICE canola climbing higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – The ICE Futures canola market was sharply higher at midday Tuesday, as rallies in outside markets provided support. Canola climbed to the top end of its well established range, with speculative buying building on itself and adding to the advances. Crude oil hit its strongest levels


Historical examples show that hyperinflation is a near-perfect storm of political, social and economic factors.

Hyperinflation requires certain triggers

Inflation is more common and easier to plan and invest for

There’s been a lot of talk about inflation and even hyperinflation lately. So in a last of a series on inflation, money supply and interest rates, I thought it would be a good idea to see what happened during the infamous hyperinflation of the 1920s German Weimar Republic. And, to see if similar conditions could



ICE Canada Morning Comment: Spike in edible oils pushes up canola

Tights supplies, crop uncertainty supportive as well

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger Tuesday morning, getting support from a surge in edible oils. There were sharp gains in European rapeseed and Malaysian palm oil, along with significant upticks in Chicago soyoil. Chicago soybeans were up slightly while soymeal stepped back a little.

(Photo courtesy Canada Beef Inc.)

Klassen: Feeder market continues consolidation

U.S. corn northbound into Prairies

Compared to last week, western Canadian yearling prices were relatively unchanged while calf markets were down $2-$3 on average. Feedlot inventories in Alberta and Saskatchewan are 30 per cent above the five-year average; therefore, demand is lacking moving into the main marketing period for calves. Finishing feedlots have sufficient ownership and being fairly finicky on


Commodity markets set for high volatility, says Louis Dreyfus

Commodity markets set for high volatility, says Louis Dreyfus

Commodity markets face a period of intense volatility as they grapple with the effects of the pandemic, uncertainty over macroeconomic policy and supply chain disruption, the chief executive of Louis Dreyfus Company (LDC) said recently. Prices of agricultural commodities have risen sharply, a trend contributing to increased first-half profits reported by LDC, but remain well

CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybean futures extend losing streak

CBOT wheat firm, corn weak

Chicago | Reuters — U.S. soybean futures fell for the third session in a row on Monday, sinking to their lowest in 9-1/2 months on continued pressure from a government report that showed domestic supplies were bigger than expected. Wheat firmed to its highest since mid-August on technical buying. Corn futures ended slightly lower after