Canadian dollar Archives - Page 25 of 30

Loonie tanks post-Brexit, but benefits minimal for farmers

By GFM Network News, Jade Markus June 27, 2016

CNS Canada — The Canadian dollar slipped after Britain voted Thursday to leave the European Union, a trend which one financial analyst expects to continue in an otherwise uncertain environment. But the loonie hasn’t fallen far enough to bring support to Canadian commodity markets. “Short-term, we’re going to be dealing with the day-to-day volatility and

Crops, Markets

ICE weekly outlook: Canola establishes range

By Dave Sims, GFM Network News June 15, 2016

CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the

Crops, Markets

ICE weekly outlook: Canola’s fate rests on fund buying

By GFM Network News, Jade Markus May 11, 2016

CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, following strength in CBOT (Chicago Board of Trade) soybeans, but one analyst says it could be hard for the market to hold onto those advances. CBOT soybeans rallied Tuesday after the U.S. Department of Agriculture released bullish supply and demand

Cereals, Crops, Markets

Prairie spring wheat bids rise with dry weather

By Dave Sims, GFM Network News May 9, 2016

CNS Canada — Cash spring wheat bids across Western Canada improved during the week ended Friday, with prices receiving support from dry weather conditions in Alberta and Saskatchewan. Weakness in the Canadian dollar, which fell from the US80-cent mark to the mid-77-cent range between April 29 and Friday, added to the upside. Depending on the

Currency markets, Markets

Drozd: Loonie turns up following two-week reversal

From January to April the loonie has risen almost 10 cents against the greenback

By David Drozd April 7, 2016

The Canadian dollar has been having a short covering rally for the past few months, gaining nearly .1000 relative to the U.S. dollar. However, the major trend remains down as this market continues to put in lower highs and lower lows. The Canadian dollar was at par with the U.S. dollar in February 2013. For

Crops, News

Low Canadian dollar advantage overrated: Jubinville

Canadian grain farmers are getting higher prices than their U.S. counterparts,  but according to one analyst the best prices follow a strong dollar

By Allan Dawson March 31, 2016

The low Canadian dollar relative to the American is seen as a competitive advantage for Canadian grain exporters since grain exports are priced in American dollars. But ProFarmer Canada president Mike Jubinville says the advantage needs to be put into perspective. “While the drop in Canada’s dollar makes Canadian grain more competitive, it’s a short-term

Klassen: Feeder market adjusting to various factors

By GFM Network News, Jerry Klassen March 14, 2016

Western Canadian feeder markets experienced a mixed volatile tone over the past week. Replacement cattle over 800 lbs. were $3 lower to $8 higher on average, while lighter weight categories traded $10 lower to $10 higher in comparison to week-ago levels. Larger volumes of backgrounded yearling cattle are coming on the market at this time

“If I look at crop receipts in Manitoba, assuming average yields and barring any weather disruptions, we are projecting that revenues will be constant.” – J.P. Gervais

Crops

The outlook for 2016: not good, but not a disaster: FCC

FCC’s chief economist says to aim for many small improvements in your operation

By Jennifer Paige February 24, 2016

Sharpen your pencils for the coming year, says the chief economist for Farm Credit Canada. “We all know that we are in a sluggish economic environment. It is not going to be a good year but it won’t be a disastrous year,” J.P. Gervais told FCC’s Ag Outlook 2016 event in Brandon on Feb. 9.

Currency markets, News

Low dollar helps exporters

Canadian exporters are seeing increased profits due to a sagging loonie

By Shannon VanRaes February 8, 2016

While many industries are cursing the low Canadian dollar, the agriculture sector isn’t one of them. As the loonie continues to head towards the 60-cent range, Farm Credit Canada’s chief agricultural economist said there are benefits to those selling agricultural goods into other markets. “I think there is a benefit right now as we speak,”

Saputo’s Canadian dairy division includes brands such as Dairyland, Neilson, Nutrilait, Baxter and Armstrong. (Dave Bedard photo)

Dairy cattle, Livestock

Saputo earnings up with weaker loonie

By GFM Network News, Reuters February 4, 2016

Reuters — Saputo, one of Canada’s largest dairy producers, reported higher than expected adjusted earnings on Thursday, helped by weakness in the Canadian dollar. For its fiscal third quarter, adjusted net income rose 13.5 per cent to $175.4 million, or 44 cents a share. Revenue during the quarter, which ended Dec. 31, rose 2.8 per

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

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