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Markets are quieter-than-normal as farmers continue to be busy with harvest operations. Photo: Thinkstock
Markets, News

Rains help late crops in Saskatchewan, but delay harvest

Harvest progress at two per cent complete

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Reading Time: 2 minutes Widespread rains across Saskatchewan during the week ended Aug. 11 brought much needed moisture to later seeded crops still filling. However, the precipitation slowed desiccation operations and may hurt the quality of earlier seeded crops, said the weekly provincial report.
Futures

ICE Midday: Canola returns to the red

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Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange traded lower on Thursday, losing yesterday’s gains on account of weakness in vegetable oils. An analyst expects canola to take part in choppy trade over the coming days. However, he predicts canola prices will fall into the C$620 to C$630 per tonne range. Chicago soyoil and Malaysian […] Read more
Global markets

Global Markets: Canola meal stuck in Chinese ports

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Reading Time: 2 minutes Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Up to 400,000 tonnes of canola meal are sitting in warehouses next to Chinese ports with importers struggling to re-sell them, sources told Reuters. An executive with one of the trading companies that imports canola meal said it […] Read more
Futures

ICE canola weakens with soyoil Thursday morning

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Thursday morning, with spillover selling pressure from losses in Chicago soyoil behind some of the declines. European rapeseed and Malaysian palm oil were also lower on the day. Ongoing concerns over Chinese demand, as anti-dumping duties imposed by the country come into effect today, remained a bearish […] Read more
Currency Markets

Canadian Financial Close: C$ slightly firmer Wednesday

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was slightly firmer on Wednesday. Minutes from the Bank of Canada’s latest policy decision showed the Governing Council was split on whether rates need to fall further after leaving the key rate unchanged at 2.75 per cent in July. The next policy decision is on Sept. 17. The Canadian […] Read more
Futures

North American Grain/Oilseed Review: Canola, soybeans on the rise

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Reading Time: 2 minutes Glacier FarmMedia – Canola futures on the Intercontinental Exchange made gains on Wednesday as they underwent a correction after Tuesday’s severe losses. An analyst said prices were higher as some believed canola futures were oversold while low supply and support from soybeans also underpinned gains. Much of Saskatchewan and Alberta saw rain and cooler temperatures today. […] Read more

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