Reading Time: 2 minutes Is it time to lock into a fixed long-term mortgage? “Since 1975, the majority of the time the variable interest rate has been the better option and has saved producers money,” said provincial farm financial specialist Rick Dehod. However, the Bank of Canada recently increased its prime rate by a quarter of a percentage point […] Read more
With interest rates on the rise, is it time to lock in?
Variable rates have been a winner for decades, but a fixed rate is an option worth considering
ICE weekly outlook: Canola rangebound at harvest time
CNS Canada — ICE Futures Canada canola futures remain stuck in a rather narrow range, with seasonal harvest pressure weighing on the one side while solid demand provides support on the other side. “We’ve been in a sideways trading environment for 2-1/2 years, and I don’t see that changing,” said Mike Jubinville of ProFarmer Canada. […] Read more
What if interest rates went up here?
An immediate hike isn’t likely, but the U.S. move could signal future changes
Reading Time: < 1 minute Recent changes in U.S. interest rates could have a ripple effect for Alberta producers, says a provincial analyst. In mid-December, the U.S. Federal Reserve — the country’s central bank — announced it was lifting its key rate by a quarter-point to a range of 0.25 per cent to 0.5 per cent. The long-expected move put […] Read more
U.S. grains: Soybeans bounce off six-year-low on bargain buying
Winnipeg | Reuters — U.S. soybeans rebounded on Tuesday off a more than six-year low, helped by China’s decision to cut interest rates, although fears of a cooling economy in the world’s largest buyer of the oilseed kept gains in check. Bargain buying and a bounce in other commodities, such as crude oil, nudged soybeans […] Read more
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