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As ‘Cannabis 2.0’ kicks off, industry strangled by limited retail outlets

Reading Time: 3 minutes Reuters — A year after Canada legalized use of recreational marijuana, cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy ride. So-called cannabis 2.0 — legalization of marijuana derivatives including edibles, beverages, extracts […] Read more

Cargill suspends shifts at Kansas beef plant after explosion

Reading Time: 1 minute Chicago | Reuters — Cargill said Thursday it had suspended some shifts at its Dodge City, Kansas beef-packing plant after an explosion injured two employees. Cargill spokesman Daniel Sullivan said the company expects the facility to be fully operational soon and that it would meet all it customer commitments. The company is investigating the cause […] Read more

Canadian canola deliveries hit weekly record

Reading Time: 1 minute MarketsFarm — Canadian farmers made record deliveries of canola into the commercial pipeline during the second week of October, according to the latest Canadian Grain Commission data. Wet weather, including heavy snow in some regions, continued to keep farmers off of their fields across much of Western Canada, but producers were actively delivering canola and […] Read more

Canadian Financial Close: Canadian dollar gains on Thursday

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The Canadian dollar was slightly stronger on Thursday, boosted by strong crude oil values. The dollar finished the day at US$0.7609 or US$1=C$1.3143, compared to Wednesday when it closed at US$0.7575 or US$1=C$1.3201 United States stocks finished mostly higher due to a spate of positive third-quarter financial reports. […] Read more

North American Grain/Oilseed Review

Reading Time: 2 minutes WINNIPEG, Oct. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, remaining mostly range-bound and following trends set earlier in the week. Harvest progress has put pressure on canola prices, as regions of the Prairies that didn’t receive significant snow are almost finished harvesting canola. Manitoba’s canola harvest is 80 per […] Read more

Canola prices lower midday Thursday

Reading Time: 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The ICE Futures canola market was lower at midday Thursday, following trends set earlier in the week amid choppy trading activity. Harvest progress in most of the Prairies has put pressure on canola prices. The canola harvest is nearly complete in Prairie regions that didn’t receive […] Read more

Global Markets: Brexit deal on the horizon

Reading Time: 1 minute By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United Kingdom and European Union have reached a tentative deal that could lead to a timely Brexit on Oct. 31. However, Northern Ireland’s Democratic Unionist Party may not support the deal. A […] Read more

Canola weakens Thursday morning

Reading Time: 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The ICE Futures canola market was lower Thursday morning, with strength in the Canadian dollar and bearish technical signals behind some of the weakness. A window of warmer and drier weather across the Prairies also pressured values, as farmers should be able to make some harvest […] Read more