GFM Network News

Canola weaker at midday Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Monday, although activity was thin and choppy. Rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market, while also encouraging some farmer selling, according to a […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 24 (MarketsFarm) The Canadian dollar was firm Monday morning, as recent strength in crude oil helped underpin the energy-linked currency. At 9:06 CDT Monday morning the Canadian dollar was at US$0.7572 or C$1.3207 which compares with Friday’s North American close of US$0.7569 or C$1.3212. Mounting tensions between the United States and […] Read more

ICE canola futures: Bids steady to lower to start week

By Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower in early activity Monday morning. Despite rain over most of the Prairies on the weekend, there remains something of a weather premium on bids. However that premium could dissipate as the forecast has called for more […] Read more

Canadian Financial Close: Canadian dollar down

By MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was down at Friday’s close, as stock markets cooled after a week of rallies. The Canadian dollar closed at US$0.7569 or US$1=C$1.3212, up from Thursday’s close of US$0.7581 or US$1=C$1.3191. Equities corrected downward after a strong week following monetary policies announcements from the United States […] Read more

Canola subdued at midday Friday

WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was slightly down at midday Friday, with trading volumes lower than usual. Forecasted rain across the Prairies weighed on canola prices, though precipitation was spotty in some key growing regions. “Farmers are happy to see the rain, but some guys haven’t gotten much,” said one […] Read more