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Canadian Financial Close: C$ falls on rumours of rate cut

By Commodity News Service Canada WINNIPEG, January 18 – The Canadian dollar dropped against its US counterpart Wednesday after the Bank of Canada hinted at a possible rate cut. The Canadian dollar closed at C$0.7542 or US$1=C$1.3259, compared to Tuesday’s close of C$0.7658 or US$1=C$1.3058. The S&P/TSX Composite Index fell on Wednesday, due to lower […] Read more

Pulses: Chickpeas find new uses in India

By Dave Sims, Commodity News Service Canada Winnipeg, January 18 – Prices for green peas in Western Canada are holding steady at C$8.22-$9.50 cents a bushel, according to the latest information from the Prairie Ag Hotwire. Bids for navy beans are 42 cents per pound, cranberry beans are 49 cents and pintos at 39 cents. […] Read more


Feed Grains: Indonesia backing away from feed market

By Commodity News Service Canada WINNIPEG, Jan. 18 (CNS Canada) – Indonesian corn production is up considerably on the year, which may limit the country’s feed grain imports in 2017. After importing 2 million tonnes of feed wheat and 840,000 tonnes of corn in 2016, the Indonesian Feed Association expects that the country’s feed imports […] Read more

North American Grains/Oilseed Review: Canola rises with help from C$

By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, January 18 – THE ICE Futures Canada canola market chalked up solid gains on Wednesday, due to action in the Canadian currency. The Canadian dollar was nearly a cent lower relative to its US counterpart, which made canola more attractive to foreign buyers. Fears […] Read more


ICE Canola Advances with Currency Issues, US Soy

By Dave Sims, Commodity News Service Canada WINNIPEG, January 18 – Canola contracts on the ICE Futures Canada platform were stronger at 10:35 CST on Wednesday, taking support from action in the Canadian currency and gains in US soy. The Canadian dollar was lower relative to its US counterpart, which made canola more attractive on […] Read more

ICE canola edges higher in choppy trade

By Jade Markus, Commodity News Service Canada WINNIPEG, January 18 – ICE Canada canola contracts were mixed, but mostly higher, in early activity on Wednesday. Losses in outside oilseed markets balanced weakness in the Canadian dollar, causing canola to see limited movement. Malaysian palm oil closed lower overnight, which is bearish, and tepid strength in […] Read more


Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, Jan. 18 (CNS Canada) The Canadian dollar was slightly weaker Wednesday morning, as the currency saw a modest correction ahead of the Bank of Canada’s policy announcement. At 8:58 CST Wednesday morning the Canadian dollar was at US$0.7632 or C$1.3103 which compares with Tuesday’s North American close of US$0.7658 […] Read more

Global markets: CDN employment insurance increases year-over-year

By Commodity News Service Canada WINNIPEG, January 18 – The following is a glance at the news moving markets globally. – In the 12 months to November, the number of regular EI beneficiaries in Canada increased by 26,700, or 4.9 per cent, Statistics Canada said in a report on Wednesday. In November, 574,500 people received […] Read more


feedlot

Klassen: Feeder cattle prices lukewarm on mixed factors

Western Canadian feeder cattle markets were steady to $2 higher compared to week-ago levels. All weight classes experienced lukewarm buying interest, despite improving margins in the feedlot sector. Most auction barns experienced minimal numbers; cow-calf producers are holding back on sales hoping for stronger values and extreme cold temperatures hindered cattle movement, especially in the […] Read more

(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soybeans set six-month top

Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more