DTN Plains, Prairies Closing Comments
Cliff Jamieson Canadian Grains Analyst
Thu May 22, 2014 03:51 PM CDT

Outside Markets

In midday trade, the TSX is 71 points higher at 14,720 following gains in the U.S. markets and positive earnings reported from two of Canada's banks. Support is also noted as a result of a surprise in China's Purchase Managers' Index, reported at 49.7 as compared to the 48.3 that was expected. April's reading was 48.1. Anything under 50 represents a contraction in the economy. The Canadian dollar is 17 basis points higher at $.9172 CAD/USD. Gold is $7 higher at $1,295.10/ounce. Crude oil is 41 cents lower at $103.66/barrel while Brent crude is 33 cents lower at ...

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