ICE canola rises with Prairie temperatures at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, as hot and dry weather forecasts provided support. Environment Canada has issued a heat wave warning for much of the Canadian Prairies, with daytime temperatures above 30 Celsius expected over the next week. With little rain


Global Markets: European inflation beats expectations

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Inflation in the Euro zone climbed to 2.0 per cent in May, from 1.6 per cent the previous month, according to data from Eurostat. The rate of inflation came in above market expectations,



ICE Canada Morning Comment: Canola following U.S. markets upward

Warmer, dryer Prairies ahead this week

By Glen Hallick, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were significantly higher on Tuesday morning, due to strong gains in the Chicago soy complex. The United States markets resumed trading overnight following Memorial Day, with notable upticks in corn and wheat as well. There were also gains in European rapeseed,




ICE canola weakens in light holiday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 31 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday in very quiet activity, with many participants keeping to the sidelines as markets in the United States were closed for Memorial Day. Relatively favourable crop weather across the U.S. Midwest accounted for some of the selling


Canadian Dollar and Business Outlook: Loonie, TSX moving up

WINNIPEG – The Canadian dollar is staying mostly steady as it approaches the 83-cent United States mark. As of 8:41 a.m. CDT, the loonie was at US$0.8277 or US$1=C$1.2082 compared to US$0.8274 or US$1=C$1.2086 when markets closed on Friday. The Organization for Economic Co-operation and Development (OECD) improved its outlook for the Canadian economy on

Global Markets: China eases child policy

By MarketsFarm WINNIPEG, May 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – China is easing its policy on childbirth, announcing Monday that married couples will now be able to have up to three children. The ‘one-child policy’ allowing only one child for most couples that