Currency Archives - Page 3 of 3

World events will change prices

In the first of a two-part series, Brian Wittal looks at market forces

By Brian Wittal January 27, 2017

Looking out the window at -20 C and eight inches of snow I can hear that old proverb repeating in my head. “If you can’t say something nice, don’t say anything at all.” I am going to take some creative license with this saying and replace the word “nice” with the word “informative,” in hopes […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans set six-month top

By GFM Network News January 17, 2017

Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy have room to decline further

By GFM Network News November 16, 2016

CNS Canada –– Soybeans and corn at the Chicago Board of Trade are likely to trend lower as traders focus on the U.S. dollar’s recent strength. “This is a currency-driven market; we think the currency has moved too fast, too soon,” said Terry Reilly of Futures International, LLC. The U.S. dollar moved to a fresh […] Read more

Crops, Fruit/Vegetables, Markets, Reuters

Farmers return to vegetable patch as currency slumps

By Rod Nickel, GFM Network News February 26, 2016

Reuters — Canadian farmers are cashing in on the highest vegetable prices in years, helped by the country’s weak currency and soaring costs of U.S. imports that have made them unexpected winners in a bearish commodity world. Soft wheat and canola prices may diminish Canadian farm incomes by nine per cent this year. But it […] Read more

Crops, Markets

Lower loonie helps farmers, but only so much

By GFM Network News January 27, 2016

CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more

Livestock, Markets

Currency analysts watch for interest rate decision

By GFM Network News January 19, 2016

CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which […] Read more

Crops, Markets

Canaryseed prices soft, trending weaker

By GFM Network News November 12, 2015

CNS Canada –– Canada’s canaryseed market is slow and stagnant, according to a Saskatchewan-based industry expert, and he expects prices to move lower before improving. Delivered elevator canaryseed is bringing producers 26.5 to 29 cents/lb., according to Prairie Ag Hotwire. “We might see 25 cents/lb. before we see 30 cents/lb.,” said David Nobbs, chair of […] Read more

Cereals, Columns

Keep your eyes on the dollar

Prairie farmers should care about the current state of world currencies in the world market

By Brian Wittal October 29, 2015

The past two years have seen some major political and economic shifts around the world. The Russia/Ukraine standoff in the Crimean region resulted in economic embargoes and sanctions against Russia. This threw a major kink into trade in that region, causing serious economic hardships. It caused internal inflationary pressures to build, devaluing the Russian ruble […] Read more

Crops, Markets

All crops not equal in face of weakening dollar

By GFM Network News January 29, 2015

CNS Canada –– With the Canadian dollar falling to its weakest levels relative to its U.S. counterpart in six years, the general sentiment holds it should be good news for exporters, such as Canadian grain farmers. However, any net benefit may depend on what exactly is being exported and who is doing the buying, according […] Read more

Canada’s annual inflation rate in June up slightly to 1.9 per cent

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

GFM Network News

Canada’s annual inflation rate in June up slightly to 1.9 per cent

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Tag Archives Currency

World events will change prices

U.S. grains: Soybeans set six-month top

CBOT weekly outlook: Corn, soy have room to decline further

Farmers return to vegetable patch as currency slumps

Lower loonie helps farmers, but only so much

Currency analysts watch for interest rate decision

Canaryseed prices soft, trending weaker

Keep your eyes on the dollar

All crops not equal in face of weakening dollar

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