Canadian financial close: C$ firm Wednesday

Glacier FarmMedia — The Canadian dollar was slightly firmer relative to its United States counterpart on Wednesday. The Canadian dollar settled at US$0.7206 or US$1=C$1.3877, which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886. Canadian Prime Minister Mark Carney is on a trade mission to China this week. The trip is the first by a

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

U.S. grains: Corn, soybeans recover from 3-month low on technical bounce

Chicago | Reuters – Chicago corn and soybean futures steadied on a technical bounce on Wednesday after sliding to their lowest since October this week, with traders weighing larger-than-anticipated U.S. supply forecasts, Chinese demand and crop prospects in South America. Wheat futures were little changed as the market also paused following losses triggered by U.S.


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U.S. livestock: Cattle futures retreat on profit taking

Chicago | Reuters – Chicago Mercantile Exchange cattle futures slid on Wednesday on a round of profit taking following multi-month highs set during the previous session, analysts said. Cattle futures had climbed the previous day on a tight cattle supply and strong packer demand. “We were fairly overbought in the short term, so you saw






ICE Midday: Canola takes a step back

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower in the middle of Wednesday trading amidst a weaker Canadian dollar and mixed sentiment in comparable oils. Chicago soyoil was relatively steady, while European rapeseed and Malaysian palm oil were down. Crude oil made gains as tensions escalate in Iran. Canadian Prime Minister




Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning. At 9:07 a.m. CST the Canadian dollar was trading at US$0.7200 or US$1=C$1.3889 which compares with Tuesday’s close of US$0.7201 or US$1=C$1.3886. Canadian Prime Minister Mark Carney is in China this week, with trade expected to be a key topic of discussion. Carney’s