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U.S. grains: Soybeans climb as soyoil futures surge

Chicago | Reuters – U.S. soybean futures rose one per cent on Thursday as reminders of strong domestic demand and a surge in soyoil futures overshadowed pressure from the imminent harvest of a massive Brazilian soy crop, analysts said. Corn and wheat futures ticked lower, anchored by plentiful global grain supplies. Chicago Board of Trade

Canadian financial close: C$ softens Thursday

The Canadian dollar weakened relative to its United States counterpart on Thursday as losses in crude oil weighed on the energy-linked currency. The Canadian dollar settled at US$0.7195 or US$1=C$1.3899, which compares with Wednesday’s close of US$0.7206 or US$1=C$1.3877. Canadian Prime Minister Mark Carney is in China this week, with trade a key topic of





ICE Midday: Canola fuelled by vegetable oils

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were making solid gains in the middle of Thursday trading, receiving support from vegetable oils. A Reuters report said that the United States will finalize its biofuel quotas by March and drop import penalties, giving a boost to oilseeds. Malaysian palm oil was mixed, but European

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was weaker Thursday morning as losses in crude oil weighed on the currency. At 9:17 a.m. CST the Canadian dollar was trading at US$0.7185 or US$1=C$1.3918 which compares with Wednesday’s close of US$0.7206 or US$1=C$1.3877. Canadian manufacturing sales in Canada fell 1.2 per cent in November to C$70.8 billion,


Global Markets: Canadian dies in Iran

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – A Canadian has died in Iran during widespread anti-government protests, said Global Affairs Canada and confirmed by CTV News on Thursday. Consular officials have been in touch with the person’s family in Canada. No other details

ICE Canada Morning Comment: Strong increases for canola

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures were higher on Thursday morning, building on gains from the overnight session and despite weakness in comparable oils. With sharp losses in crude oil there were declines in Chicago soyoil and Malaysian palm oil, while MATIF rapeseed was steady to lower. Gains in Chicago soybeans