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U.S. grains: Soybeans fall on oil drop

Chicago | Reuters — U.S. soybean futures fell to a 1-1/2-month low on Thursday, pressured by a sharp drop in crude oil prices, traders said. Corn futures also weakened, with investors beating down early rally attempts due to ample global supplies and signs of poor export demand. Wheat futures were mixed, with K.C. hard red […] Read more

Canadian Financial Close: TSX ticks lower with energy

By Commodity News Service Canada WINNIPEG, May 25 – The Canadian dollar ended relatively unchanged against its US counterpart on Thursday, as losses in crude oil were offset by gains in gold bullion and other metals. OPEC’s decision to extend production cuts for another nine months was slightly bearish for the commodity-linked loonie. The Canadian […] Read more


Pulses: CDN pea stocks grow tighter

By Dave Sims, Commodity News Service Canada Winnipeg, May 25 – Agriculture Canada has lowered its pea stock estimates for the 2016/17 marketing year. Total pea ending stocks for 2016/17 are now forecast at 325,000 tonnes, which compares with the April estimate of 875,000 tonnes. Carryout for 2017/18 is forecast to be even tighter, at […] Read more

Feed Grains: Rain crimps wheat production across North America

By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Thursday, May 25. It appears roughly five percent of Saskatchewan cropland won’t be seeded this spring due to excess moisture. Most of the wet area is situated in the northern portion of the province. […] Read more



ICE Canola Weakens with CDN Weather Forecasts, US Soy

By Dave Sims, Commodity News Service Canada WINNIPEG, May 25 – Canola contracts on the ICE Futures Canada platform were slightly lower at 10:35 CDT on Thursday, due to losses in soybeans and favourable weather forecasts for much of Western Canada. There are ideas some US farmers may be preparing to swap out acres intended […] Read more


Canadian Dollar And Business Outlook

By Commodity News Service Canada Winnipeg, May 25 – The Canadian dollar was down slightly against its American counterpart on Thursday, following losses in gold. OPEC has announced it plans to extend production cuts by another nine months to March of 2018. At 8:55 CDT Thursday morning the Canadian dollar was at US$0.7446 or C$1.3430 […] Read more

ICE canola mixed in sluggish trade

By Jade Markus, Commodity News Service Canada WINNIPEG, May 25 – ICE Canada canola contracts were mixed in low-volume trade in early activity on Thursday. Deferred contracts were gathering spill-over support from advances in US oilseed markets. Chicago Board of Trade soybeans and soy oil strengthened Thursday morning, underpinned by adverse seeding weather in the […] Read more


Global markets: US jobless claims rise

By Commodity News Service Canada WINNIPEG, May 25 – The following is a glance at the news moving markets globally. – US jobless claims in the week ending May 20 rose 1,000 to a seasonally adjusted 234,000, data from the country’s labour department said. Though claims were up, they were still below 300,000, which indicates […] Read more

Canadian Financial Close: C$ rises with gold, BoC decision

By Commodity News Service Canada WINNIPEG, May 24 – The Canadian dollar ended slightly higher against its US counterpart on Wednesday, pushed upward by gains in gold and a decision by the Bank of Canada. The central bank decided to hold interest rates steady at 0.5% due to recent strength in the Canadian economy. However, […] Read more