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ICE Canola Midday: Prices weaker at midday

By Marlo Glass, MarketsFarm WINNIPEG, July 3 – ICE Futures canola contracts were lower at midday Friday, pressured by low trading activity as many market participants took the day off for Independence Day. Relative strength in the Canadian dollar also kept a lid on canola. The dollar was around 73.6 United States cents at midday. […] Read more

Canadian dollar and business outlook

WINNIPEG, July 3 (MarketsFarm) – The Canadian dollar was stronger on Friday.      At 8:55 CDT Friday morning the Canadian dollar was at US$0.7369 or US$1=C$1.3581, which compares with Thursday’s North American close of US$0.7361 or US$1=C$1.3586. United States markets are closed for the Independence Day long weekend, with many market participants around the world […] Read more

Global Markets: COVID-19 vaccine trial delayed

WINNIPEG, July 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. Moderna had planned to run a 30,000-patient trial of a COVID-19 vaccine candidate, but the start date has been pushed back indefinitely. Originally planned for July 9, the company reportedly still intends to begin trials during […] Read more

ICE canola edges down in thin holiday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 3 (MarketsFarm) – The ICE Futures canola market was posting small losses Friday morning in very thin and choppy activity. Markets in the United States are closed for the Independence Day long weekend and the lack of direction from the Chicago Board of Trade kept Canadian traders to the […] Read more

ICE weekly outlook: Canola stronger after Canada Day

MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more

U.S. grains: Corn pauses after fund buying spree, watches weather

Soybeans touch new three-month top, wheat eases after rally

Chicago | Reuters — Chicago corn futures trimmed from a near 3-1/2 month high on Thursday, following strong gains after the U.S. government reported farmers had planted fewer than expect corn acres. The corn market remained on pace for the strongest gain in a year, as investors watched weather reports. Corn across much of the […] Read more

U.S. livestock: Cattle futures rise as corn prices ease

Hog futures up slightly on improved exports

Chicago | Reuters — U.S. cattle futures rose on Thursday with feeder cattle leading the pack, as corn prices eased on profit taking ahead of the long holiday weekend, analysts said. Thursday’s feeder cattle rally was due in part to a slump in corn futures, traders said. Earlier this week, the most-active contract surged amid […] Read more

Canadian Financial Close: Loonie higher after Canada Day

WINNIPEG, July 2 (MarketsFarm) – The Canadian dollar was stronger following the Canada Day holiday. The dollar finished the day at US$0.7361 or US$1=C$1.3586, compared to Tuesday when it closed at US$0.7338 or US$1=C$1.3628. Global stock indices were stronger following positive jobs data from the United States. The U.S. Department of Labor reported 4.8 million […] Read more