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U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

Soy, corn tumble on improved weather; wheat extends fall

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid more than four per cent on Friday — while corn futures dropped their daily limit — as rains in key South American growing areas offered relief amid tight global supplies, overshadowing strong weekly U.S. export data. Wheat futures tumbled four per cent. The Chicago Board of Trade […] Read more



Canadian Financial Close: Loonie drops more than a half cent

China expands COVID-19 lockdown

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was weaker on Friday, due to declines in crude oil. The dollar finished at US$0.7864 or US$1=C$1.2716, compared to Thursday’s close of US$0.7920 or US$1=C$1.2627. Benchmark crude oil prices were lower on Friday due to additional pandemic restrictions imposed in China that could impede demand. […] Read more

North American Grain and Oilseed Review: Profit-taking leads to across the board losses

South American rains add to declines

Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, as there were sharp declines in the Chicago soy complex. Soybean contracts at the Chicago Board of Trade careened downward by more than 56 cents per bushel, and soyoil lost in excess of a penny per […] Read more


ICE Canola Midday: Prices down in volatile market

Edible oils weighing on canola values

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower at midday Friday in “a very volatile market,” according to a Winnipeg-based trader. “It’s operating in strange ways. We watched the crush value on canola go up C$105 and then drop to C$70 and now it’s come back […] Read more

200,000 businesses could shutter

Reading Time: 2 minutes WINNIPEG, Jan. 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Canadian Federation of Independent Business released the results of a survey on Jan. 21, revealing as many as 181,000 businesses are considering closing their doors due to lockdowns and financial hardships brought on by […] Read more


Canadian Dollar and Business Outlook: Loonie falls back with crude oil

Dollar back under 79 U.S. cents

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The Canadian dollar was lower Friday morning as crude oil prices shifted downward. As of 8:48 CST, the Canadian dollar was at US$0.7877 or C$1.2695, compared to Thursday’s close of US$0.7920 or C$1.2627. Benchmark crude oil prices were lower Friday morning due to additional COVID-19 lockdowns in China […] Read more

ICE canola mixed in choppy pre-weekend trade

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Friday morning, trading within a narrow range as the market took a bit of a breather ahead of the weekend. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola, although the Canadian […] Read more


U.S. grains: South American supply issues wane

Soy up, but off early gains; corn boosted by export demand

Reading Time: 2 minutes Chicago | Reuters — Chicago soybeans ended the session slightly up after a three-session losing streak on Thursday, but larger early gains were erased as rains across South America eased supply worries. Corn prices firmed, supported by fresh demand amid tightening global supplies, while wheat fell on a lack of fresh export news. The Chicago […] Read more

U.S. livestock: Live cattle climb ahead of USDA report

Reading Time: < 1 minute Chicago | Reuters — CME Group live cattle futures gained on Thursday ahead of a closely watched monthly Cattle on Feed report, due out on Friday from the U.S. Agriculture Department. Traders anticipate the report will show fewer cattle heading into feedlots, as recent rallies in the grain market have increased feed costs. “The incentive, […] Read more