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ICE canola mixed in early activity

By Jade Markus, Commodity News Service Canada WINNIPEG, April 28 – ICE Canada canola contracts were mixed in early activity on Friday. Front contracts were feeling the bearish effects of farmer selling. Weakness in the Chicago Board of Trade soy complex was also a feature. The front May contract saw the steepest declines, as traders […] Read more

Canadian dollar and business outlook

By Commodity News Service Canada WINNIPEG, April 28 (CNS Canada) The Canadian dollar was slightly weaker Friday morning. At 8:50 CDT Friday morning the Canadian dollar was at US$0.7319 or C$1.3663 which compares with Thursday’s North American close of US$0.7340 or C$1.3624. Canada’s gross domestic product was unchanged in February after three months of growth, […] Read more

Global markets: US economy grows at slower pace

By Commodity News Service Canada WINNIPEG, April 28 – The following is a glance at the news moving markets globally. – America’s economy advanced in the first quarter, according to reports out of the country on Friday, but at its slowest pace in three years. US gross domestic product was up 0.7 per cent in […] Read more

Mustard acres feeling squeeze from canola

CNS Canada –– Following the largest mustard crop in more than a decade in 2016, supply/demand fundamentals are expected to spur a reduction in Canadian mustard seedings in 2017. However, with more and more cropland moving into canola, mustard acreage increases may be limited in future years when supplies are tight again. After growing the […] Read more

U.S. livestock: Cattle rise as cash prices surge

Chicago | Reuters — Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. April […] Read more

Canadian Financial Close: C$ weakens

By Commodity News Service Canada WINNIPEG, April 27 (CNS Canada) – The Canadian dollar was weaker on Thursday, as losses in crude oil put some pressure on the energy-linked currency. The Canadian dollar closed at US$0.7339 or US$1=C$1.3624, which compares with Wednesday’s close of US$0.7357, or US$1=C$1.3593. US President Donald Trump made a turnaround on […] Read more

Pulses: Unharvested Canadian acres a concern

By Commodity News Service Canada Winnipeg, April 27 (CNS Canada) – Up to two million acres of land in Western Canada is still sitting with unharvested crops from 2016, raising concerns over the timing of spring seeding for 2017, according to reports. While pulse crops were mostly harvested before the winter, adjustments to current seeding […] Read more

Feed grains: US corn sales up on the week

By Commodity News Service Canada WINNIPEG, April 27 (CNS Canada) – In its weekly export sales highlights, the United States Department of Agriculture said corn sales totaled 987,900 metric tonnes for 2016/2017, up 31 per cent from the previous week and 18 per cent from the prior four-week average, for the week ending April 20. […] Read more

North American Grain/Oilseed Review: Canola settles mixed

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 27 (CNS Canada) – ICE Futures Canada canola contracts were mixed on Thursday, as farmer selling weighed on the front months and weather concerns gave the new crop contracts a boost. Persistent weather concerns in Western Canada helped prop up the new crop contracts, as the […] Read more