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Canadian Dollar And Business Outlook

By Commodity News Service Canada Winnipeg, May 29 – The Canadian dollar was unchanged against its American counterpart on Monday, as gains in crude oil were offset by losses in gold and natural gas. The Conference Board of Canada predicts the Greater Toronto Area will lead the country’s metropolitan areas in GDP growth in 2017 […] Read more

ICE canola falls with US markets closed

By Jade Markus, Commodity News Service Canada WINNIPEG, May 29 – ICE Canada canola contracts were weaker in early activity on Monday. The market was seeing some independent movement, as US markets are closed for Memorial Day. Though areas of Manitoba are wet, following recent showers, parts of Saskatchewan and Alberta are seeing conditions favourable […] Read more

Global markets: World Bank expects strength in India economy

By Commodity News Service Canada WINNIPEG, May 29 – The following is a glance at the news moving markets globally. – India’s economy is expected to grow 7.2 per cent in 2017/18, according to estimates from the World Bank. India is the world’s fastest growing major economy, market watchers say. – Following two consecutive years […] Read more

Canadian Financial Close: TSX firms with crude oil, gold

By Commodity News Service Canada WINNIPEG, May 26 – The Canadian dollar finished flat against its US counterpart on Friday, as unease in world financial markets and the decision by OPEC to limit oil production sent many traders to the sidelines ahead of the US long weekend. US markets will be closed on Monday in […] Read more

Feed Grains: Signs of strengthening in Prairie feed market

By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Friday, May 26. A report on the Farm Credit Canada website says feed prices could climb in the coming months as existing supplies of feed decline. The report, compiled by ProFarmer Canada, notes barley […] Read more

U.S. grains: Soy slips to 13-month low

Chicago | Reuters — U.S. soybean futures fell to a 13-month low on Friday while corn and wheat each gained more than one per cent on spreading and position squaring ahead of a three-day weekend, traders and analysts said. Some traders sold soybeans and bought corn as wet weather in the Midwestern crop belt was […] Read more

North American Grains/Oilseed Review – Canola Dips With Technicals, US Soy

By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, May 26 (CNS Canada) – ICE Futures Canada canola contracts ended lower on Friday, weighed down by losses in the US soy complex. The Canadian dollar was slightly stronger relative to its US counterpart, which made canola less attractive to out-of-country buyers. Large funds […] Read more

Pulses: Canadian pea stocks tightening

By Commodity News Service Canada Winnipeg, May 26 (CNS Canada) – Visible pea supplies in the Canadian commercial pipeline narrowed in to their tightest level of the 2016/17 crop-year-to-date, at 149,900 tonnes, according to the latest weekly Canadian Grain Commission report. That compares with the 5-week average of 230,000 tonnes. In a report out earlier […] Read more

ICE Canola Trends Lower with Technical Signals, US Soy

By Dave Sims, Commodity News Service Canada WINNIPEG, May 26 – Canola contracts on the ICE Futures Canada platform were weaker at 10:42 CDT on Friday, following declines in the US soy complex and bearish technical signals. “The funds are sitting on their hands and the technicals have turned flat to negative,” said a trader […] Read more