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Canadian Financial Close: C$ edges lower

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after Thursday’s rally ahead of the weekend. The Canadian dollar closed at US$0.8024 or US$1=C$1.2462 on Friday, which compares with Thursday’s North American close of US$0.8032 or US$1=C$1.2450. Canada’s gross domestic product contracted by 0.3 […] Read more

“The emergence of ASF in the Dominican Republic underscores the need for continued and strengthened vigilance to prevent the spread of ASF to other regions.” – CFIA.  Photo: iStock/Getty Images Plus

Dominican Republic restricts pig shipments after ASF confirmed

Reuters – The Dominican Republic is restricting pig shipments and mobilizing the military to contain the spread of African swine fever (ASF), the agriculture ministry said July 29, as the United States and Mexico tightened border checks to avoid infections. In an official statement July 29, Canadian Food Inspection Agency (CFIA) also said it was […] Read more

ICE canola dropping sharply on Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, posting large losses as speculators liquidated long positions ahead of the weekend. “I think canola is being ambushed,” said a Winnipeg-based trader on the speculative money flows in the market. He said the relatively thin volumes […] Read more

ICE canola down ahead of long weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, continuing the downtrend of the past week as investors liquidated long positions. A move below the 20-day moving average in the nearby November contract was bearish from a chart-standpoint, contributing to the declines. Losses in the Chicago […] Read more

Photo: iStock

U.S. livestock: Lean hogs end mixed as traders eye Dominican hog disease

Chicago | Reuters – Chicago Mercantile Exchange lean hog futures closed mixed on Thursday as pressure from news of a deadly hog disease in the Dominican Republic offset support from strong export sales and firm cash hog prices, traders said. CME August lean hog futures settled up 0.600 cent at 106.300 cents per pound, while […] Read more