Canadian dollar Archives - Page 15 of 30

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Weaker U.S. dollar ripples into canola

By GFM Network News, Glen Hallick - MarketsFarm August 6, 2020

MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy

Crops, Markets

Prairie cash wheat: Bids broadly lower

By GFM Network News, MarketsFarm Team July 25, 2020

MarketsFarm — Wheat bids in Western Canada were broadly lower during the week ended Thursday, with double-digit losses observed in Canada Western Red Spring (CWRS) and Canada Prairie Spring Red (CPSR) wheats. Canada Western Amber Durum (CWAD) had moderate declines. Average CWRS (13.5 per cent protein) wheat prices were down $7-$11 per tonne, according to

When the loonie rises it can quickly wipe out what otherwise would have been market gains.

Grain Markets, Markets

As always, canola follows soyoil, loonie

Right now this well-established relationship is calling many of the shots

By Glen Hallick - MarketsFarm July 23, 2020

It’s the same old, same old when it comes to the relationship between the values for canola, soyoil and the Canadian dollar. Soyoil and the dollar are the leaders and canola is the follower. Over the course of last week that relationship was quite evident. After the November canola contract closed on July 10 at $479.50 per tonne, it

ICE November 2020 canola (candlesticks) with 20-day moving average (yellow line) and CBOT August 2020 soyoil (green line). (Barchart)

Crops, Markets

ICE weekly outlook: Canola under pressure at midweek

By GFM Network News July 22, 2020

MarketsFarm — Canola contracts have received considerable pressure from outside sources, but held above $480 per tonne this week. Ken Ball of P.I. Financial in Winnipeg expected canola to be down by $6-$10, but nearby contracts closed lower by about a dollar at $483.60 per tonne. Ball referred to weakness in Chicago soyoil, along with

Crops, Markets

Prairie cash wheat: Bids mixed

MGEX, K.C. wheats down on week

By GFM Network News, Phil Franz-Warkentin July 18, 2020

MarketsFarm — Spring wheat bids in Western Canada were mixed during the week ended Thursday, as the Minneapolis futures bounced around within a 15-cent per bushel range. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $3 to up by $2 per tonne, according to price quotes from a

ICE November 2020 canola with 100-day moving average (yellow line) and Canadian dollar (in US$, green line). (Barchart)

Crops, Markets

ICE weekly outlook: Higher loonie, lower canola

By GFM Network News, Glen Hallick - MarketsFarm July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the

Crops, Markets

Prairie cash wheat: Most bids see gains on the week

By GFM Network News, Glen Hallick - MarketsFarm June 19, 2020

MarketsFarm — Wheat bids in Western Canada were mostly higher for the week ended Thursday. Canada Western Red Spring (CWRS) wheat made the strongest gains, as Canada Prairie Spring Red (CPSR) was either side of steady. There were modest increases for Canada Western Amber Durum (CWAD). Support came from the Canadian dollar losing about two-10ths

ICE July 2020 canola with Bollinger (20,2) bands. (Barchart)

Crops, Markets

ICE weekly outlook: Canola likely to move lower

By GFM Network News, Glen Hallick - MarketsFarm June 18, 2020

MarketsFarm — The direction canola will move in coming weeks depends on three factors: the Canadian dollar, Prairie weather and the Chicago Board of Trade, according to Errol Anderson of ProMarket Communications in Calgary. “I’m expecting the Canadian dollar to move up a bit, just because of U.S. dollar pressure. That could pull the canola

Crops, Markets

Prairie cash wheat: Prices dip due to stronger loonie

By GFM Network News, Glen Hallick - MarketsFarm June 5, 2020

MarketsFarm — Wheat bids in Western Canada were down by varying degrees for the week ended Thursday. Canada Western Red Spring (CWRS) wheat was steady to lower, Canada Prairie Spring Red (CPSR) was down, and Canada Western Amber Durum (CWAD) slipped a few cents. Increased strength in the Canadian dollar weighed on values, while support

Crops, Markets

Prairie cash wheat: Bids weaken with seeding underway

By GFM Network News, Phil Franz-Warkentin May 18, 2020

MarketsFarm — Spring wheat bids in Western Canada lost ground during the week ended Thursday, with losses in U.S. futures and improving Prairie seeding weather weighing on values. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by 50 cents to $1 per tonne, according to price quotes from a

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Tag Archives Canadian dollar

ICE weekly outlook: Weaker U.S. dollar ripples into canola

Prairie cash wheat: Bids broadly lower

As always, canola follows soyoil, loonie

ICE weekly outlook: Canola under pressure at midweek

Prairie cash wheat: Bids mixed

ICE weekly outlook: Higher loonie, lower canola

Prairie cash wheat: Most bids see gains on the week

ICE weekly outlook: Canola likely to move lower

Prairie cash wheat: Prices dip due to stronger loonie

Prairie cash wheat: Bids weaken with seeding underway

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