GFM Network News



ICE canola midday: Loonie, soyoil pushing down canola prices

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Canola bids are well down midday Tuesday, because of pressure from a rising Canadian dollar and slipping soyoil prices. A Winnipeg-based trader pegged the rise of the dollar on the federal budget being introduced later on Tuesday. After closing at 74.93 United States cents yesterday, the […] Read more


ICE canola weakens Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – ICE Futures canola contracts were weaker Tuesday morning, as strength in the Canadian dollar and losses in Chicago Board of Trade soyoil weighed on values. Chart-based speculative selling contributed to the early declines, amid ideas that the recent correction off of nearby lows was starting to […] Read more

Canadian Dollar and Business Outlook: Budget day in Ottawa

By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar was up Tuesday morning, ahead of the federal government’s budget which will be introduced this afternoon. At 8:33 CDT Tuesday morning the Canadian dollar was at US$0.7540 or C$1.3258, which compares with Monday’s North American close of US$0.7493 or C$1.3345. Finance Minister Bill Morneau will […] Read more





ICE canola midday: Prices in line with U.S.

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – Canola bids are mixed midday Monday in line with the United States markets A Winnipeg-based trader noted the canola market has been rather quiet so far Monday, as movement follows any of the latest news on trade talks between the U.S. and China. The trader said […] Read more

ICE canola narrowly mixed Monday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Monday morning, with losses in the front months and a firmer tone in the new crop contracts. Chicago Board of Trade soybean futures were weaker to start the day, which put some spillover pressure on canola. Strength in the […] Read more


Canadian Dollar and Business Outlook: Loonie steady ahead of Tuesday’s budget

By MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The Canadian dollar was steady Monday morning, a day before the federal Liberal government introduces its fourth budget. At 8:42 CDT Monday morning the Canadian dollar was at US$0.7499 or C$1.3335, which compares with Friday’s North American close of US$0.7495 or C$1.33342. On Tuesday, Minister of Finance Bill […] Read more