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Feed weekly outlook: Barley acreage buoyed despite current prices

MarketsFarm — International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead […] Read more

Canadian Financial Close: Canadian dollar drops below 75 U.S. cents

By MarketsFarm WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar dropped below 75 U.S. cents on Wednesday, as stocks and oil values strengthened ahead of the long weekend The Canadian dollar closed at US$.7473 or US$1=C$1.3382, down from Wednesday’s close of US$.7501 or US$1=C$1.3332. The S&P/TSX Composite Index gained 42.02 points to close at 16,544.24, […] Read more

North American Grain/Oilseed Review: Canola hits fresh contract lows

By Phil Franz-Warkentin, MarketsFarm Winnipeg, April 18 (MarketsFarm) – ICE Futures canola contracts fell to fresh contract lows on Thursday, retreating from earlier gains as the ongoing trade tensions with China had speculators on the sell side ahead of the long weekend. Markets will be closed on April 19 for Good Friday. While the path […] Read more

Canola firm at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 18 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Thursday, finding some support from advances in Chicago Board of Trade soyoil. A lack of significant farmer selling and expectations for reduced Canadian canola acres this spring also underpinned the futures. Statistics Canada releases its […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, April 18 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning, with concerns over a global economic slowdown behind some of the weakness as investors squared positions ahead of the Easter long weekend. At 8:59 CDT Thursday morning the Canadian dollar was at US$0.7473 or C$1.3382 which compares with Wednesday’s North American […] Read more

ICE canola futures: Early bids lower ahead of Good Friday holiday

By Glen Hallick, MarketsFarm WINNIPEG, April 18 (MarketsFarm) – ICE Futures canola contracts were down in early trade Thursday morning, with volumes lighter than what has been experienced this week. The May canola contract was down 30 cents, at C$450.90 per tonne. The July contract also slipped 30 cents, at C$458.40 per tonne. The Intercontinental […] Read more