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Canadian Financial Close: Loonie drops, crude oil jumps

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar closed below 72 United States cents for the first time in more than a month.      The loonie closed at US$0.7198 or US$1=C$1.3893, compared to US$0.7230 or US$1=C$1.3832 on Tuesday. The last time the currency closed this low was on Aug. 21.      The United States Dollar Index was […] Read more
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Markets, Reuters

U.S. grains: Soybeans near six-week low as China shuns U.S. supplies

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Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
Futures

North American Grain and Oilseed Review: Canola barely holds on

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Reading Time: 3 minutes U.S. soy, corn down, wheat steady to lower By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures clung to small increases on Wednesday, as lack of farmer selling continued to underpin prices. Canola received additional support from gains in Malaysian palm oil and most MATIF rapeseed contracts. Pressure from declines in the […] Read more
Futures

ICE Canola Midday: Sideways day for trading

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher late Wednesday morning, in what an analyst called “a sideways day.” The analyst credited the gains in canola to the increases in the Chicago soy complex, European rapeseed and Malaysian palm oil. He said gains in palm oil have […] Read more
Futures

ICE canola on the rise

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Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange maintained their positive momentum Wednesday morning as rising comparable oils and a weaker Canadian dollar supported prices. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil also made gains due to supply issues and a drop in United States inventories. The loonie was […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie weakens

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar fell back on Wednesday morning, as its United States counterpart was stronger, while declines in crude oil limited the losses. As of 8:36 am CDT, the loonie was at US$0.7202 or US$1=C$1.3884 compared to Tuesday’s close of US$0.7230 or US$1=C$1.3832. On the U.S. Dollar […] Read more
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Markets, Reuters

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

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Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more

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