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Canola weakens Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The ICE Futures canola market was lower Thursday morning, with strength in the Canadian dollar and bearish technical signals behind some of the weakness. A window of warmer and drier weather across the Prairies also pressured values, as farmers should be able to make some harvest […] Read more

Canadian Dollar and Business Outlook: Positive manufacturing sales report pushes up loonie

By MarketsFarm WINNIPEG, Oct. 17 (MarketsFarm) – The Canadian dollar was stronger Thursday morning as it found support in Statistics Canada’s manufacturing sales report. As of 8:44 CDT, the Canadian dollar was at US$0.7599 or C$1.3259. That compares to Wednesday’s North American close of US$0.7575 or C$1.3201. Statistics Canada reported manufacturing sales in August rose […] Read more

ice november canola

ICE weekly outlook: Canola values stay rangebound

MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more

North American Grain/Oilseed Review

WINNIPEG, Oct. 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, pressured by resilient harvest activity. Despite a season of challenging harvest conditions in the Canadian Prairies, some areas have nearly completed their canola harvest. In particular, producers in Nortwest and Central Saskatchewan are almost finished with the canola harvest. Similarly, […] Read more

Canola prices steady midday Wednesday

By Marlo Glass, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The ICE Futures canola market was on either side of unchanged at midday Tuesday, amid light trade volumes and choppy activity. Despite a spate of challenging weather across the Canadian Prairies, some growers have made substantial harvest progress. According to one trader, producers in Northwest and […] Read more

Canola edges higher Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The ICE Futures canola market was posting small gains Wednesday morning in thin and choppy activity. Roughly 20 per cent of Manitoba’s canola crop was still unharvested before the province was hit with a severe winter storm over the past weekend, according the latest weekly crop […] Read more