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ICE canola narrowly mixed Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Wednesday morning in thin and choppy activity. The nearby May contract was holding onto small gains, while the new crop months edged lower. Chicago Board of Trade soybeans were posting small losses, while soyoil futures were firmer. The Canadian […] Read more

Canadian Dollar and Business Outlook: The day after Morneau’s budget

By MarketsFarm WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar was down Wednesday morning, as the markets begin to adjust to yesterday’s federal Liberal government’s budget. At 8:38 CDT Wednesday morning the Canadian dollar was at US$0.7506 or C$1.3318, which compares with Tuesday’s North American close of US$0.7523 or C$1.3292. The TSX/S&P Composite Index opened […] Read more

bill morneau

Farm groups see something for everyone in federal budget

Response so far from farm and agribusiness organizations to Tuesday’s pre-election budget suggests the federal government has managed to find at least one line item for everyone in the ag sector. Finance Minister Bill Morneau’s budget pledges compensation for supply-managed sectors facing financial hits from international trade pacts, funding for a new federal food policy […] Read more

pinto beans

Pulse weekly outlook: Edible beans on move

MarketsFarm — Following a lengthy 2018 harvest, Manitoba’s edible bean farmers are optimistic about the 2019 growing season. According to an outlook report published in late December by Agriculture and Agri-Food Canada, pulse farmers are expected to plant approximately the same amount of acreage as seen in 2018. However, after strong yields in 2018, Manitoba […] Read more

Canadian Financial Close: Liberals present 2019 budget as oil and markets slow

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar inched over 75 U.S. cents on Tuesday as the federal Liberal government presented their 2019 budget. The Canadian dollar closed at US$0.753 or C$=1.3292, which compares with Monday’s close of US$0.7493, or C$=1.3345. The S&P/TSX Composite Index was down by 63.27 to 16,188.10 points at […] Read more

North American Grain/Oilseed Review: Loonie, soyoil push canola downward

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – ICE Futures canola contracts were weaker at the end of trading on Tuesday, with pressure from a rising Canadian dollar and a decline in soyoil prices. The Canadian dollar pushed above 75 U.S. cents on Tuesday, ahead of the federal Liberal government’s budget, which is being […] Read more

ICE canola midday: Loonie, soyoil pushing down canola prices

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Canola bids are well down midday Tuesday, because of pressure from a rising Canadian dollar and slipping soyoil prices. A Winnipeg-based trader pegged the rise of the dollar on the federal budget being introduced later on Tuesday. After closing at 74.93 United States cents yesterday, the […] Read more

Global Markets: Liberals to announce federal budget

By MarketsFarm WINNIPEG, March 19 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally. – Canadian Finance Minister Bill Morneau will unveil the Liberal government’s latest budget today at 4 p.m. EST. Speculations as to what the budget will prioritize includes funding for broadband internet in rural […] Read more