Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar was holding steady Monday morning, with strength in crude oil providing some underlying support for the energy-linked currency. At 8:41 a.m. CST Monday morning, the Canadian dollar was at US$0.8030 or US$1=C$1.2453 which compares with Friday’s North American close of US$0.8031 or US$1=C$1.2452. The United

Global Markets: U.S. re-opens land border to Canadians

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – For the first time in 19 months, the United States has allowed Canadians to cross its land border for non-essential travel on Monday. Adult travellers entering the U.S. from Canada must be fully vaccinated against COVID-19 in order


ICE Canada Morning Comment: Canola steps further back to start new week

Weakness in soy complex, rapeseed weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday morning following declines in the Chicago soy complex and in European rapeseed. Small gains in Malaysian palm oil were tempering further declines in canola. Tight supplies continued to underpin canola values, as was the prospect of below



Fall run continues as heavier cattle prices doing OK

Fall run continues as heavier cattle prices doing OK

Numbers of animals delivered to sales are starting to slowly increase

Cattle numbers remain quite high as the fall run continued, according to Tyler Slawinski of the Gladstone and Ashern auction marts. He said Gladstone is already full for its next sale on Nov. 2, with Ashern and most other auctions across the province to see quite a few head coming in. “The weather is still

Canadian Financial Close: C$ holds steady

By MarketsFarm WINNIPEG, Nov. 5 (MarketsFarm) – The Canadian dollar held relatively steady on Friday, seeing little direction ahead of the weekend. The Canadian dollar closed at US$0.8031 or US$1=C$1.2452 on Thursday, which compares with Thursday’s North American close of US$0.8033 or US$1=C$1.2449. Strength in crude oil provided underlying support. However, broad gains in the



Photo: Rezowan/Wikimedia Commons

Mustard supply crunch fuels price spikes

MarketsFarm – As the world’s largest producer of mustard, a sharp decline in Canadian production has already made a major impact on supply and prices. Despite an increase in seeded acres, Canada’s mustard production dropped 28 per cent to 71,000 tonnes for the 2021-22 marketing year, according to Statistics Canada’s September crop report. Of the



North American Grain and Oilseed Review: Canola down again, but well off day’s lows

U.S. markets see losses ahead of next S&D report

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday, due to spillover from declines in the Chicago soy complex. However, canola and Chicago soyoil backed away from sharper losses earlier in the session. Additional pressure came from losses in European rapeseed and Malaysian palm oil. On the flip