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Global Markets: Greenland not for sale

By MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Reports that United States President Donald Trump has expressed an interest in purchasing Greenland are being dismissed as a terrible idea by residents of the largely autonomous Danish country. “We are open for […] Read more

U.S. grains: Corn futures break losing streak

Chicago | Reuters — U.S. corn futures steadied near a three-month low on Thursday as traders said the market was oversold following sharp declines stemming from a bearish U.S. Agriculture Department harvest forecast issued on Monday. Soybean futures traded higher overnight but turned lower after a weak export sales report. Soy futures settled near session […] Read more

Canadian Financial Close: Recession fears continue

By MarketsFarm WINNIPEG, August 15 (MarketsFarm) – The Canadian dollar was lower at market close on Thursday, as concerns of a global recession persisted. The loonie finished the day at US$0.7505 or US$1=C$1.3325, which compares with Tuesday’s close of US$0.7513 or C$1.3311. The TSX/S&P Composite Index was down 33.41 points on Thursday, to close at […] Read more

North American Grain/Oilseed Review: Canola edges higher

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 15 (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according […] Read more

Canola firm in choppy midday trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Thursday, in thin and choppy activity. “It’s hard to get any read on this market,” said a Winnipeg-based trader. While canola was looking underpriced compared to other oilseeds, he expected the looming Prairie harvest would […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, as investors looked for some fresh direction after Wednesday’s declines. At 9:07 CDT Thursday morning the Canadian dollar was at US$0.7505 or C$1.3324 which compares with Wednesday’s North American close of US$0.7513 or C$1.3311. Crude oil was slightly weaker in […] Read more

Global Markets: Canadian economy added 73,7000 jobs in July

By MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm News) – The following is a glance at the news moving markets in Canada and globally. – Canadian non-farm employment rose by 73,700 in July, according to the most recent report from a private firm. This reflects an increase in hiring in the trade, transportation, utilities, construction, leisure, and […] Read more