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ICE Canola Rises with Spec Trading

By Dave Sims, Commodity News Service Canada WINNIPEG, February 22 (CNS) – Canola contracts on the ICE Futures Canada platform were higher on Thursday in speculative trading. Parched soil conditions in Argentina and expectations for continued dry weather supported the market. The USDA has imposed new import duties on biodiesel from Argentina. A final ruling […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, MB, Feb. 22, 2018 (CNS Canada) – The Canadian dollar opened lower Thursday, as new retail data from Statistics Canada dragged it down. At 8:58 CST Thursday morning the Canadian dollar was at US$0.7864 or C$1.2721, which compares with Wednesday’s North American close of US$0.7892 or C$1.2671. Oil prices […] Read more

ICE canola continues higher early Thursday

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 22 (CNS Canada) – ICE Futures Canada canola contracts traded to both sides of unchanged in overnight activity, with the bias turning higher Thursday morning. Chart-based speculative buying was a feature, as the nearby technical remain pointed higher for canola, according to participants. Weakness in the […] Read more

Global Markets: World markets open lower

By Commodity News Service Canada WINNIPEG, Feb. 22, 2018 – The president of Ford’s North American division is out after allegations of inappropriate behaviour. The company said Raj Nair was leaving the company after an internal review found behaviour that was inconsistent with its code of conduct. Details of the behaviour weren’t announced. Fourth-quarter profits […] Read more

Canadian Financial Close: Loonie ends Wednesday lower

By Commodity News Service Canada WINNIPEG, Feb. 21 – The Canadian dollar ended Wednesday lower as a drop in the price of oil weighed on it. The Canadian dollar settled Wednesday at US$0.7892 or C$1.2671, compared to Tuesday’s North American close of at US$0.7923 or C$1.2622. Oil prices fell Wednesday ahead of data expected to […] Read more

North American Grains/Oilseed Review – Canola follows soy higher

By Dave Sims, Commodity News Service Canada Winnipeg, February 21 (CNS Canada) – The ICE Futures Canada canola complex continued to rise alongside U.S. soybeans and soyoil. Dry weather in Argentina underpinned the futures. Spread action was steady as traders continued to roll out of the March contract and into May. Weakness in the Canadian […] Read more