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Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 24 (MarketsFarm) The Canadian dollar was slightly weaker Wednesday morning. At 8:45 CDT Wednesday’s morning, the Canadian dollar was at US$0.7430 or C$1.3459, which compares with Tuesday’s North American close of US$0.7451 or C$1.3421. Reports show a boost in United States crude oil inventories, offsetting concerns of global supply following President […] Read more

Global Markets: Gold smuggling denying Africa its wealth

By MarketsFarm WINNIPEG, April 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Billions of dollars of gold is being smuggled out of Africa, according to a report by Reuters. More than US$15 billion in gold was imported by the United Arab Emirates in 2016, nearly […] Read more

Pulse weekly outlook: Fababean acres set to increase

MarketsFarm — Unpredictable weather overseas resulted in robust fababean prices during 2018’s harvest, and Canadian producers expect these prices to hold throughout the 2019 growing season. “For the growers that managed to get fababeans off their field, I think they were probably quite happy with the markets in 2018,” said Leanne Fischbuch, president of Alberta […] Read more

Canadian Financial Close: Canadian dollar down as oil prices rally

By MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The Canadian dollar was down slightly on Tuesday, as oil production cuts in Alberta, a slowdown in the housing market, and growing global trade concerns dampen economic growth. The Canadian dollar closed at US$.7444 or US$1=C$1.3433, down from Monday’s close of US$.7489 or US$1=C$1.3353. The S&P/TSX Composite Index […] Read more

North American Grain/Oilseed Review: Canola bids plummet for third day

By Glen Hallick, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – ICE Futures canola contracts fell on Tuesday, hitting new contract lows for a third consecutive day amid heavy trading. Canola bids followed U.S. soybeans on a downward slide. Even a weaker loonie wasn’t able to support canola prices on Tuesday. The May and July contracts dropped […] Read more

ICE canola midday: Lower loonie keeping bids from falling further

By Glen Hallick, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, with a lower Canadian dollar tempering losses. The May contract slipped 50 cents at C$442.60 per tonne and the July contract was down 90 cents at C$450.50 per tonne. “If it wasn’t for the Canadian dollar, we’d […] Read more

april live cattle

Klassen: Feeder market remains volatile

Compared to last week, western Canadian feeder cattle markets traded $3-$5 on either side of unchanged. Many auction barns were closed last week and the ones holding sales had smaller numbers. Quality packages of yearlings were on the higher end of the range while smaller groups of fleshier replacements were discounted. Alberta feedlots were focusing […] Read more

ICE canola continues lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – ICE Futures canola contracts were posting small losses Tuesday morning, retreating from overnight gains as the path of least resistance remains pointed lower. Losses in the Chicago Board of Trade soy complex and ongoing uncertainty over trade relations between Canada and China also weighed on values. […] Read more