Currency Archives - Page 2 of 6 - Manitoba Co-operator

Currency volatility important to remember

We’re currently at the low end of the historic range for the loonie’s value against the greenback 

By David Derwin December 3, 2019

Canada exports almost a third of its gross domestic products of goods and services. And when it comes to agriculture, those percentages are even higher. Based on statistics from the Canadian Agri-Food Trade Alliance, we export 50 per cent of our beef/cattle, 65 per cent of our malt barley, 70 per cent of our soybeans,

A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Crops, Markets

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

By GFM Network News December 2, 2019

Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary

Crops, Markets

Prairie cash wheat: Improved basis underpins bids

By GFM Network News, Phil Franz-Warkentin November 29, 2019

MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3

ICE November 2018 canola (candlesticks) and October 2018 soybean oil (green line). (Barchart)

Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

By Ashley Robinson - MarketsFarm, GFM Network News October 4, 2018

CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Crops, Markets

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

By Dave Sims, GFM Network News August 15, 2018

CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as

Crops, Markets

Turkish currency crisis casts cloud over lentil exports

By Dave Sims, GFM Network News August 14, 2018

CNS Canada — The plunging value of the lira is threatening to curb sales of Canadian lentils to Turkey — traditionally one of Canada’s biggest customers for the pulse. The Turkish lira hit a record low on Monday as soaring inflation and political turmoil sent the currency plunging relative to the U.S. dollar. At the

People queue up outside a public supermarket’s doors in Ciudad Bolivar, Venezuela, in April 2015. (iStock/Getty Images)

Crops

Maduro rebukes Kellogg for leaving Venezuela

By GFM Network News May 16, 2018

Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called

Don’t expect big moves from the loonie in 2018, analysts say.

Currency markets, News, Other

Loonie to stay range bound in 2018

Higher oil prices and an expected interest rate rise are keeping the Canuck buck aloft

By Ashley Robinson - MarketsFarm January 16, 2018

Following the Canadian dollar’s recent rally it should stay range bound, according to financial analysts. “It’s a little bit of an exciting story for the loonie. We’re just kind of seeing it range bound but that’s sort of what the fundamentals are telling us,” said Brian DePratto, senior economist with TD Economics. Over the course

Currency markets, Markets, News, Other

Loonie set to weaken heading into new year

Many factors appear set to weigh in against our dollar in the coming days

By Phil Franz-Warkentin December 15, 2017

The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, of RBC Dominion Securities, pointing to

Markets

Is a strong loonie a bad thing for Canadian farmers?

There’s no doubt our currency’s fluctuation has effects, but they’re not always well understood

By David Derwin November 1, 2017

From a high of 1.10 to lows of 60 cents per U.S. dollar over the past several decades, the value of the loonie has always had an impact on Canadian farmers. While these fluctuations certainly will influence crop prices we receive here in Canada, what effect does it really have? Is a strong loonie really

Second Harvest redirecting surplus food to those in need

U.S. grains: Soy futures top one-week high, US crop outlook limits gains

U.S. livestock: Cattle futures down, hogs rise

Daily Network News

Second Harvest redirecting surplus food to those in need

U.S. grains: Soy futures top one-week high, US crop outlook limits gains

U.S. livestock: Cattle futures down, hogs rise

Tag Archives Currency — page 2

Currency volatility important to remember

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

Prairie cash wheat: Improved basis underpins bids

ICE weekly outlook: Soyoil, not weather, main influence on canola

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

Turkish currency crisis casts cloud over lentil exports

Maduro rebukes Kellogg for leaving Venezuela

Loonie to stay range bound in 2018

Loonie set to weaken heading into new year

Is a strong loonie a bad thing for Canadian farmers?

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