Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, seeing some consolidation after climbing to three-month highs relative to its United States counterpart. At 9:02 a.m. CDT Friday morning, the Canadian dollar was at US$0.8085 or US$1=C$1.2369 which compares with Thursday’s North American close of US$0.8083 or US$1=C$1.2372. Canadian

ICE canola still pointed higher heading into weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, as it continued to take back the losses posted earlier in the week. Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures were all higher as well, providing some spillover support for the Canadian


Global Markets: British lawmaker stabbed

By MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – A British politician was reportedly stabbed multiple times while meeting with constituents at a church in eastern England. David Amess, 69, is a Member of Parliament for the ruling Conservative Party. A suspect

CME February 2022 live cattle (candlesticks) with 20-, 50- and 100-day moving averages (pink, brown and black lines). (Barchart)

U.S. livestock: Chicago cattle firm on export demand

CME hog futures fall on meaty supply

Chicago | Reuters — Chicago Mercantile Exchange live and feeder cattle futures firmed on Thursday, as relatively steady cash cattle prices offset higher feed costs weighing on the feeder market, traders said. Meanwhile, lean hog futures continued to slide on a seasonal trend of robust supplies, even as hog slaughter rates showed signs of slowing.


CBOT December 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Futures see ‘dead cat bounce’

Traders watching potential for increase grain export demand

Chicago | Reuters — Chicago corn and soybean futures prices crept up on Thursday, finding chart support after sharp losses over the past two sessions on higher-than-expected U.S. grain supply forecasts. It has been a rocky week for the corn and soybean markets. The U.S. Department of Agriculture (USDA) on Tuesday released estimates of both

Canadian Financial Close: C$ hits three-month high

By MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar was stronger on Thursday, hitting a three-month high relative to its United States counterpart as strength in crude oil underpinned the energy-linked currency. The Canadian dollar settled at US$0.8083 or US$1=C$1.2372 on Thursday, which compares with Wednesday’s North American close of US$0.8035 or US$1=C$1.2445. West


File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)

Canada concerned about supply chain issues, watching ports ‘closely’

Reuters –– Canada is concerned about the challenges facing global supply chains and is watching the country’s ports very closely, Finance Minister Chrystia Freeland said on Thursday. Freeland, speaking to reporters in Washington after meetings of the World Bank and International Monetary Fund, said she was broadly optimistic about the strength of Canada’s economic recovery

North American Grain/Oilseed Review: Canola ends mostly higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Thursday, seeing a continuation of Wednesday’s recovery off of nearby lows. Gains in Chicago Board of Trade soyoil and European rapeseed futures provided spillover support for canola. However, Malaysian palm oil was down with profit-taking after setting


Biodiesel is seen through a tube at Patagonia Bioenergia’s biodiesel refinery at San Lorenzo, Argentina on Feb. 26, 2010.

Energy markets spur canola’s latest gains

Current values of well over $900 per tonne are supposed to be rationing demand

Whatever seasonal harvest pressure there was in this drought-stricken year appears to have subsided, with ICE canola futures posting solid gains through the first full week of October. The general supply tightness and need to ration demand remained a supportive influence for the Canadian oilseed, but the latest gains likely had more to do with outside energy

ICE canola holding onto gains at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) The ICE Futures canola market was holding onto small gains at midday Thursday, but trading off its session highs after running into some resistance. European rapeseed futures posted solid gains overnight, which spilled into the Canadian market. Chicago Board of Trade soyoil futures were also up on