Markets
By Glen Hallick Glacier FarmMedia – The Canadian dollar lost more than two-tenths of a cent on Tuesday, as trading resumed after the long weekend. The loonie finished at US$0.7323 or US$1=C$1.3656 compared to Friday’s close of US$0.7345 or US$1=C$1.3624. On the United States Dollar Index, the greenback added 0.221 of a point at 97.040. […] Read more
Canadian Financial Close: Loonie pulls back
Pulse Weekly: Lentil prices currently lacking direction
There’s little at the present time to guide cash prices for lentils on the Canadian Prairies, said Marcos Mosnaim of Prairie IX in Toronto.
CBOT soybeans up with solid crush data
SOYBEAN futures at the Chicago Board of Trade were stronger on Tuesday, underpinned by solid monthly crush data as trade resumed after the Presidents Day long weekend. Members of the National Oilseed Processors Association (NOPA) crushed 221.564 million bushels of soybeans in the United States in January, which was a record for the month and […] Read more
ICE review: Canola mixed after choppy day
Glacier FarmMedia — The ICE Futures canola market settled narrowly mixed on Tuesday after trading to both sides of unchanged in choppy activity. Gains in Chicago soyoil and soybeans provided spillover support, with solid monthly crush data behind some of the strength in that market. However, European rapeseed was lower on the day, while many […] Read more
Klassen: Feeder market eyes fed cattle for direction
For the week ending February 14, Western Canadian feeder cattle prices were relatively unchanged compared to seven days earlier. The deferred live cattle futures have been consolidating in a narrow range over the past month, which has limited the upside in the feeder complex. Supplies of yearlings or replacements over 800 pounds are increasing as […] Read more
Canadian annual inflation rate edges down in January as gasoline costs drop
Canada’s annual inflation rate in January accelerated at a slower pace than the previous month as a big drop in gasoline prices helped cushion the impact of higher food and clothing prices, Statistics Canada said on Tuesday.
Global Markets: Canadian inflation slows in January
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s annual rate of inflation dipped to 2.3 per cent in January from 2.4 per cent the previous month, reported Statistics Canada. Gasoline prices were down 16.7 per cent year over year, accounting for much of the total […] Read more
ICE canola positive to start week
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were slightly higher on Tuesday with the May contract briefly exceeding the C$680 per tonne level. There was no canola trading on Monday due to a holiday in Canada. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil was lower […] Read more
Canadian Dollar and Business Outlook: Loonie retreating
By Glen Hallick Glacier FarmMedia – The Canadian dollar pulled back on Tuesday morning due to strength in the United States dollar and declines in crude oil. Trading in the loonie resumed following Monday’s holiday. As of 8:36 am CST, the Canadian dollar was at US$0.7315 or US$1=C$1.3673, compared to Friday’s close of US$0.7345 or […] Read more
Canadian Financial Close: Loonie down, TSX, gold recover
Glacier FarmMedia – The Canadian dollar pulled back on Friday, but still ended with a weekly gain. The loonie closed at US$0.7345 or US$1=C$1.3614, compared to US$0.7350 or US$1=C$1.3605 on Thursday. However, the rate was higher than on Feb. 6 at US$0.7327 or US$1=C$1.3648. The United States Dollar Index was down 0.05 of […] Read more
Cyber-Savvy Farmer
