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North American Grains/Oilseed Review – Canola drops with veg oil

By Dave Sims, Commodity News Service Canada Winnipeg, November 20 (CNS Canada) – The ICE Futures Canada canola market suffered losses to start the week, as India’s declaration that it would impose tariffs on vegetable oil imports pointed the way lower. Canola wasn’t the only oilseed affected by the announcement as U.S. soybean, soyoil and […] Read more

Wheat bids fall along with U.S. futures

Winnipeg | CNS Canada – Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down C$3 to C$5 per tonne across the Prairie provinces, […] Read more

Grain marketing shifting to a digital focus

Winnipeg | CNS Canada – The future of grain marketing includes access to a larger market for producers online, according to Lyle Ehrmantraut. “You have to be able to see the deals to make the best decisions. So without all the deals in front of you in a centralized system I don’t know how it’s […] Read more

Feed Grains: CME Group adds Black Sea wheat and corn futures

By Commodity News Service Canada Winnipeg, Nov. 20 (CNS) – Following are a few highlights in the Canadian and world feed grains markets on Monday, Nov. 20. Feed wheat bids in the key cattle feeding area of Lethbridge, Alberta were in the C$216 to C$220 per tonne range as of Nov. 17, which was slightly […] Read more

ICE Canola Pressured by India’s Proposed Tariffs on Veg Oil

By Dave Sims, Commodity News Service Canada WINNIPEG, November 20 (CNS) – Canola contracts on the ICE Futures Canada platform were lower at 10:35 CST on Monday. The market was being pressured by India’s announcement over the weekend that it planned to raise tariffs on imports of vegetable oil. Losses in the U.S. soy complex […] Read more

Global Markets: Volvo teams up with Uber

By Commodity News Service Canada Nov. 20 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – Canada’s inflation rate eased by a slight amount during the past month. The rate was pegged at 1.4 percent in October, which compares with 1.6 percent in September. Clothing prices […] Read more

ICE Canola Drops Monday Morning

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Nov. 20 (CNS Canada) – ICE Futures Canada canola contracts were weaker Monday morning, taking some direction from the Chicago Board of Trade soy complex. Chart-based speculative selling contributed to the declines, as the January contract backed away from resistance around the C$520 per tonne level. However, […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada WINNIPEG, MB, Nov. 20, 2017 (CNS Canada) – The dollar was little changed Monday as oil prices eased ahead of an OPEC meeting next week. At 8:57 CST Monday morning the Canadian dollar was at US$0.7820 or C$1.2785, which compares with Friday’s North American close of US$0.7823 or C$1.2783. Oil […] Read more

U.S livestock: CME live cattle futures ease before USDA report

Chicago | Reuters – Chicago Mercantile Exchange live cattle futures finished the week with losses as investors tweaked positions ahead of the U.S. Department of Agriculture monthly Cattle-On-Feed report at 2 p.m. CST (2000 GMT), said traders. Analysts, on average, expect the report to show 7.7 percent more cattle were placed into U.S. feedlots last […] Read more