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Canadian Financial Close: Dollar down again

By Commodity News Service Canada WINNIPEG, Dec. 11 (CNS) – The Canadian dollar was weaker at market close Tuesday, continuing its downward trend as tensions continued to mount between China and Canada. The Canadian dollar settled Tuesday at US$0.7462 or C$1.3402, compared to Monday’s North American close of US$0.7474 or C$1.3379. Oil prices rose Tuesday, […] Read more

North American Grains and Oilseeds Review: Canola drops down

By Ashley Robinson, Commodity News Service Canada Winnipeg, Dec. 11 (CNS Canada) – The ICE Futures canola platform closed weaker, retreating from yesterday’s rally. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all finished the day stronger. Soybeans found support from reports that China and the United States talked over the phone about […] Read more

USDA keeps domestic soy stocks view steady

Chicago | Reuters — The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop. U.S. soybean ending stocks for the 2018-19 marketing year were pegged at 955 million bushels, the government said in its monthly supply […] Read more

ICE canola contracts falling

By Ashley Robinson, Commodity News Service Canada WINNIPEG, Dec. 11, 2018 (CNS Canada) – ICE Futures canola contracts are weaker at midday Tuesday, continuing its downward spiral from this morning. Contracts were up strongly Monday finding support from a weak Canadian dollar, as tensions continued to mount over the arrest of Huawei Chief Financial Officer […] Read more

ICE canola corrects lower Tuesday morning

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 11 (CNS Canada) – ICE Futures canola contracts were weaker Tuesday morning, taking back Monday’s gains. Overnight losses in Malaysian palm oil and European rapeseed futures contributed to the early weakness in canola. Concerns over Chinese demand also put some pressure on values. While the United […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, Dec. 11 (CNS Canada) – The Canadian dollar has stabilized Tuesday morning following sharp losses on Monday. At 8:47 CST Tuesday morning the Canadian dollar was at US$0.7465 or C$1.3292, which compares with Monday’s North American close of US$0.7464 or C$1.3393. China has moved toward cutting its 40 per […] Read more

Global Markets: Canadian detained in China

By Commodity News Service Canada WINNIPEG, Dec. 11, 2018 (CNS) – The following is a glance at the news moving markets in Canada and globally. A former Canadian diplomat, Michael Kovrig, has been detained in China, according to his employers, the International Crisis Group. The group is working to confirm that Kovrig has in fact […] Read more

Klassen: Feeder market experiences softer demand

Compared to last week, western Canadian feeder cattle sold $4-$6 lower on average. Feedlot operators backed away from the markets due to stronger feed grain prices and weakness south of the border. Certain regions of the U.S. Midwest and southern Plains have experienced adverse weather, which caused U.S. feeder cattle prices to experience a week-over-week […] Read more

Canola Council resets course for ‘efficiencies’

Facing new limits on available funding, Canada’s canola value chain organization plans to refocus its work on its “core strengths” and collaborate with other players. The Canola Council of Canada on Wednesday announced a revised work plan, coming out of a “priorities review” undertaken after one of Canada’s biggest grain companies called a halt to […] Read more