Canadian Financial Close: Loonie keeps falling back

By Glen Hallick Glacier FarmMedia – The Canadian dollar slipped below 72 U.S. cents at the close on Friday, as the currency continued its downward slide. The loonie finished at US$0.7196 or US$1=C$1.3896 compared to Thursday’s finish of US$0.7212 or US$1=C$1.3866. On the United States Dollar Index, the greenback remained on its upswing, tacking on



Cattle at a feedlot near North Platte, Nebraska. (AndrewLinscott/iStock/Getty Images)

U.S. livestock: Most cattle, hog futures down

Chicago mercantile exchange cattle futures fell to end the week. Hog futures were also mostly down. Most-active February live cattle futures closed at 233.725 cents a pound, down 1.550 cents. April futures settled down 1.550 cents at 234.675 cents a pound. Most-traded March feeder cattle futures lost 3.025 cents to close at 354.700 cents a

ICE canola rising Friday, but hitting resistance

Glacier FarmMedia — ICE Futures canola contracts were mostly stronger but off their session highs at midday Friday. The March contract was up by C$12 per tonne in early trade, moving above nearby resistance in the C$630 to C$635 per tonne area. However, the gains were halved by midsession. A settlement above C$630 per tonne


Uninterrupted ascent for ICE canola

Glacier FarmMedia — Canola futures on the Intercontinental Exchange rallied again on Friday morning, owing to higher prices for comparable oils and a weaker Canadian dollar. Malaysian palm oil was lower, but Chicago soyoil and European rapeseed were up. Crude oil gained US$1 per barrel due to supply concerns out of Iran and ongoing tensions

Global Markets: EU moves forward on Mercosur deal

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The European Union has given a provisional go-ahead to sign a trade deal with South America’s Mercosur group, despite opposition from several countries. Austria, Belgium, France, Hungary, Ireland and Poland all abstained from the vote. At least 15






North American grain/oilseed review: Canola continues higher amid trade optimism

     Glacier FarmMedia — The ICE Futures canola market remained pointed higher on Thursday, seeing some independent strength amid optimism over looming trade talks with China. Prime Minister Mark Carney will visit China next week, with ideas the trip could lead to an easing of Chinese tariffs on Canadian canola underpinning the futures. Speculative short-covering