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ICE canola dips as heat fades

By Dave Sims, Commodity News Service Canada WINNIPEG, Aug. 20 (CNS) – Canola contracts on the ICE Futures platform were lower at midday Monday, as the heatwave that had gripped Western Canada for much of the previous week, began to dissipate. Values were due for a correction after experiencing sharp gains over the past week. […] Read more

Global Markets: Venezuela creates new currency

By Dave Sims, Commodity News Service Canada WINNIPEG, Aug 20 (CNS) – Venezuela is launching a new currency in a bid to tackle the country’s soaring inflation rate. President Nicolas Maduro says the new “sovereign bolivar” will stabilize the country’s economy and help it move towards a single floating exchange rate. However, critics say the […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada Winnipeg, August 20 (CNS Canada) – The Canadian dollar was holding steady against its U.S. counterpart Monday morning. Gains in gold bullion and crude oil prices were supportive for the commodity-backed currency while softness in natural gas was bearish. The loonie continued to take strength from inflation data released on […] Read more

ICE canola up with soy

By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Aug. 20, 2018 (CNS Canada) – ICE Futures canola contracts were higher Monday morning. Chicago Board of Trade soybeans and soyoil contracts were all on the rise, while meal contracts were down. Palm oil and European rapeseed contracts were higher also. Continued optimism over the future […] Read more