currency Archives | Country Guide

ICE weekly outlook: Weaker U.S. dollar ripples into canola

By Glen Hallick - MarketsFarm 3 days ago

Reading Time: < 1 minute MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more

Crops, Markets

CBOT weekly outlook: Poor ethanol demand weighing on corn

By Phil Franz-Warkentin - MarketsFarm April 15, 2020

Reading Time: 1 minute MarketsFarm — Losses in crude oil and ethanol have weighed heavily on grain and oilseed markets, with Chicago Board of Trade corn falling to fresh contract lows Wednesday. General uncertainty over COVID-19 is expected to keep a bearish tone in the market. “The big thing has been the overall slowdown in ethanol production,” said Tom […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat climb on currency

Corn rises and falls with oil

By Christopher Walljasper April 10, 2020

Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and wheat futures on Thursday posted their biggest gains in two weeks, as a falling U.S. dollar made exports more attractive against South American and Black Sea grain producers. Corn futures climbed early on strong U.S. export sales and an early jump in crude oil prices, but settled only […] Read more

Canola, Crops, Markets

ICE weekly outlook: More virus volatility expected in canola

By Phil Franz-Warkentin - MarketsFarm March 18, 2020

Reading Time: < 1 minute MarketsFarm — A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE Futures canola market. However, volatility and uncertainty are expected to remain the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of […] Read more

Crops, Machinery, Markets, Reuters

U.S. won’t levy new tariffs on Brazil, Trump tells Bolsonaro

By Reuters December 20, 2019

Reading Time: < 1 minute Sao Paulo | Reuters — Brazilian President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month. “I had a phone conversation a few moments ago with Donald Trump. … He […] Read more

General, Markets, Reuters

Vietnam considers CPTPP-level tariff cuts on U.S. ag products

By Reuters December 9, 2019

Reading Time: 2 minutes Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more

Crops, Markets, Reuters

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

By Andrea Shalal, Gabriel Stargardter December 2, 2019

Reading Time: 3 minutes Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Improved basis underpins bids

By Phil Franz-Warkentin - MarketsFarm November 29, 2019

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3 […] Read more

Canola, Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

By Ashley Robinson - MarketsFarm October 3, 2018

Reading Time: < 1 minute CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

By Dave Sims August 15, 2018

Reading Time: < 1 minute CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as […] Read more

Feed weekly outlook: Barley bids drop ahead of harvest

Prairie cash wheat: Loonie, U.S. prices trigger steep declines

Managed money’s net long position grows in canola

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