Steady-as-she-goes forecast for loonie

Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to



Economic Slowdown Could Weigh On Grain Prices

Fears of a global economic slowdown have nervous investors heading for the sidelines. As a result, equity markets have been under pressure since peaking in early May 2011. The two-week reversal at the height of the 27-month-long rally in the S&P 500 gave savvy investors an indication this bull market was vulnerable to running out

Main Trend In Crude Oil Still Up, Despite Recent Downturn

Crude oil prices have been under pressure since a two-week reversal developed two weeks ago. This reversal pattern materialized after crude oil prices failed to exceed the upper boundary of the uptrending channel. A two-week reversal indicates a change in direction and can occur at the top or bottom of a market. This two-week reversal


World’s Skies Rain Bulls And Bears

ICE Futures Canada canola contracts bounced around within a rather narrow range during the week ended June 3, seeing some consolidation after climbing to their highest levels in months the previous week. Both the old-crop July and the new-crop November contract ran into stiff chart resistance at the $600-per-tonne level, which may have factored into



Summerfallow Acres Expected To Shrink

Canola futures on the ICE Futures Canada trading platform regained ground during the holiday-shortened week ending April 21. Much of the upturn in values reflected the advances experienced by CBOT (Chicago Board of Trade) soybean and soyoil prices. Concerns about the weather in Western Canada and its impact on seeding operations also influenced some of

Harvest Cattails To Divert Phosphorus, Says IISD

Phosphorus in run-off water is turning Lake Winnipeg into the “most eutrophic” of all the large lakes on Earth. But on the other hand, phosphorus is a valuable nutrient that is arguably more strategically important to modern economies than crude oil. But what if the cattails in Netley Marsh were harvested and pelletized into solid


U.S. Ethanol Incentives Under Scrutiny

Reform of U.S. ethanol incentives could save up to $5.7 billion a year, a congressional watchdog said March 1 as ethanol critics called on Congress to let the tax breaks expire at the end of this year. In an examination of federal spending, the Government Accountability Office said the ethanol tax credit and a federal