Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as volatility in outside financial markets weighed on the currency. At 8:40 CST Thursday morning the Canadian dollar was at US$0.7791 or US$1=C$1.2835 which compares with Wednesday’s North American close of US$0.7828 or US$1=C$1.2775. The value of building permits issued in

ICE Canada Morning Comment: More contract highs for canola

Continued support from Chicago soy complex

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola reached new contract highs on Thursday morning with the March contract having peaked at C$721 per tonne in overnight trading. This is the highest canola has been since 2008. Canola continued to glean spillover from strong gains in the Chicago soy


(Dave Bedard photo)

Canadian flax prices, exports going up

MarketsFarm — High demand and an accompanying increase in overseas exports have resulted in reduced domestic supply for Canadian flaxseed, helping drive prices for the crop to highs unseen in years. Marlene Boersch, owner of Mercantile Consulting Venture in Winnipeg, said the amount of flax from Canada going to the U.S. and European Union is

CME April 2021 live cattle with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Live cattle, lean hogs end lower on profit-taking

March feeder cattle also lower

Chicago | Reuters — U.S. live cattle futures fell on Wednesday in a light profit-taking setback following a four-session climb, and on spillover weakness from declines in Wall Street equity markets, traders said. However, continued strength in wholesale beef prices and expectations of higher cash cattle prices this week underpinned the market. Chicago Mercantile Exchange





CBOT March 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat down on profit-taking

Corn pares gains off seven-year high

Chicago | Reuters — U.S. wheat futures fell about one per cent on Wednesday on profit-taking as the dollar firmed and Wall Street equity markets sagged, analysts said. But worries about tightening global inventories underpinned the grains, keeping wheat, corn and soybean futures near multi-year highs set this month. Chicago Board of Trade March wheat

Online series covers Hot Topics in Commodities 

Online series covers Hot Topics in Commodities 

Prices and production information are the focus of the Hot Topics in Commodities series hosted by The Western Producer, Manitoba Co-operator, Grainews and Farmtario this winter. The free sessions each feature a look at market demand and fundamentals provided by MarketsFarm analysts as well as a presentation on a current production issue. Opportunities to earn


Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The Canadian dollar was weaker on Wednesday, as losses in outside equity markets weighed on the currency. The Canadian dollar closed at US$0.7828 or US$1=C$1.2775, which compares with Tuesday’s North American close of US$0.7873 or US$1=C$1.2702. Renewed concerns over the global pandemic, as COVID-19 cases topped 100 million