Divergence in Canadian and American interest rate policies is expected to be the main driver in the loonie's anticipated depreciation this year, according to one financial analyst.
Canola futures settled mostly higher to end the week, as the market moved high on speculative buying.
Corn futures closed a bit higher and soybeans a bit lower on Friday, as Donald Trump was officially sworn in as the new U.S. president. Wheat once again finished mixed.
The International Grains Council (IGC) raised its 2016-17 world wheat and corn production forecasts, but cut soybeans, in updated estimates released Thursday.
Global wheat output will decline in 2017-18, the first year-over-year drop in production in five years, according to a preliminary forecast from the International Grains Council.
With the announcement of a major new processing plant, dry peas could be poised to gain a larger foothold in Manitoba.
Canola futures settled higher on Thursday, taking strength from action in the Canadian currency.
The hard-charging nearby soybean future cooled off on Thursday, while corn ended with slight gains. Wheat once again closed mixed.
A new study is once again raising ominous warnings about the impact of rising temperatures on U.S. crop production.
Manitoba AgriInsurance coverage is expected to increase while premiums decline this year.