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ICE Canola Midday: Prices lower at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 1 – ICE Futures canola contracts were lower on Monday, due to strength in the Canadian dollar. The Canadian dollar was stronger by over eight tenths of a cent at midday due to comparable weakness in the United States dollar. Trade tensions between the U.S. and China ramped up, […] Read more

ICE canola turns lower in early trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was mostly lower Monday morning, although activity was thin and choppy. After posting gains for most of the overnight session, canola drifted lower in the most active front months. A firm tone in the Canadian dollar, relatively favourable Prairie seeding weather, […] Read more

Canadian Dollar and Business Outlook: Loonie up amid higher U.S./China tensions

China orders halt on some U.S. imports

By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Monday morning relative to the United States dollar. As of 8:46 CDT, the Canadian dollar was at US$0.7296 or C$1.3708, compared to Friday’s close of US$0.7253 or C$1.3787. Benchmark crude oil prices were steady to lower Monday morning as OPEC and Russia […] Read more

Sollio outlines pandemic recovery plan for food sector

Support sought for automation, digitization, telecommunications

Ottawa — One of Canada’s largest agri-food companies has laid out a five-point industry recovery plan for federal politicians to consider. During a meeting Tuesday of the Commons standing committee on finance, the president of Quebec-based Sollio Co-operative Group shared plans to limit consequences of the COVID-19 pandemic on the agrifood supply chain. Sollio employs […] Read more

U.S. grains: Corn, soybeans slide on China tensions

Midwest weather poses risks for wheat

Chicago | Reuters — U.S. corn and soybean futures fell on Friday as escalating U.S.-China tensions over Beijing’s proposed restrictions on Hong Kong dampened markets after a week of gains. Three sources told Reuters China may reduce U.S. agricultural imports if Washington issues a severe response to Beijing’s push to impose national security laws on […] Read more

U.S. livestock: Cattle futures end lower ahead of weekend

CME lean hogs mostly up

Chicago | Reuters — U.S. live cattle futures retreated on Friday in a profit-taking and technical selling setback ahead of the weekend amid weakening beef prices and concerns about lower-than-normal summer demand as much of the economy remains partially closed. Lean hog futures clawed back earlier losses to end mostly higher as an early drop […] Read more

Canadian Financial Close: C$ edges down ahead of weekend

WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, seeing some consolidation to end the week after posting sharp gains relative to its United States counterpart in recent sessions. The Canadian dollar closed at US$0.7253 or US$1=C$1.3787, which compares with Thursday’s North American close of US$0.7265 or US$1=C$1.3764. Canada’s gross domestic […] Read more

North American Grain and Oilseed Review: Canola lacks direction ahead of weekend

By Glen Hallick, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts traded either side of steady on Thursday, as a lower Canadian dollar was balanced off by little direction from edible oils. The Canadian dollar was 72.55 U.S. cents at mid-afternoon compared to Thursday’s close of 72.65. Chicago soyoil was virtually […] Read more