Canadian Dollar and Business Outlook: Loonie retreats on lower oil

U.S. greenback nudges higher

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The Canadian dollar was pulling back on Wednesday morning, as crude oil prices were lower and the United States dollar regained some lost strength As of 8:36 CDT, the Canadian dollar was at US$0.8255 or C$1.2118 compared to Tuesday’s close of US$0.8294 or C$1.2057. On



CBOT July 2021 corn (candlesticks) with 20-day moving average (yellow line) and December 2021 corn (orange high/low/close). (Barchart)

U.S. grains: Corn sinks to one-month low on weather, technical selling

Soybeans, wheat follow corn lower

Chicago | Reuters — U.S. corn futures tumbled to a one-month low on Tuesday as timely spring planting and beneficial rains across most of the Midwest boosted crop prospects. Losses accelerated as corn prices fell below recent lows and breached other technical chart support levels. Soybeans and wheat also dropped on stronger harvest prospects as

CME July 2021 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hogs up as pork prices rise, corn tumbles

Corn's decline also feeder cattle's gain

Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rebounded from the prior day’s losses on Tuesday on stronger cash pork prices and a weaker dollar, and as corn feed values fell sharply. Feeder cattle contracts also posted strong gains as benchmark corn futures on the Chicago Board of Trade plunged more than five


Canadian Financial Close: Little movement for loonie

WINNIPEG – The Canadian dollar stayed relatively steady on Tuesday, the first day of trading after the Victoria Day weekend, despite a declining United States greenback. The loonie was at US$0.8294 or US$1=C$1.2057 on Tuesday, up from Friday’s close at US$0.8291 or US$1=C$1.2061. Meanwhile, the United States Dollar Index dropped by 0.15 at 89.69 points.

North American Grain and Oilseed Review: Rain, with Chicago weakness pulls down canola

Weakness across the board in U.S. markets

By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday, including the July contract, which pulled an about-face after hitting its limit up earlier in the session. Rain over the Victoria long weekend brought some temporary relief to crops across the Prairies, but the dry conditions are


Vegan milk maker Oatly seeks US$10 billion valuation in IPO

Oprah Winfrey-backed vegan milk maker Oatly is aiming for a valuation of about US$10 billion in a U.S. initial public offering, following increasing consumer demand for plant-based dairy. The company, whose investors also include rapper Jay-Z and former Starbucks head Howard Schultz, plans to offer nearly 65 million American depositary shares and an additional 20



ICE canola mixed to start Tuesday morning

WINNIPEG – The ICE Futures canola market was trading to both sides of unchanged Tuesday morning, with a sharp rise in the old crop July contract and a mixed tone the more deferred positions. The front month has seen some wide price swings over the past few weeks as investors on both sides of the

Global Markets: Belarus faces ban from airlines

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Several airlines including Lufthansa, KLM, SAS, Air France, LOT and Singapore Airlines have decided to avoid flying over Belarussian airspace, while countries across Europe have stopped welcoming planes from the nation after a plane was forced to land