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Futures

Futures

ICE canola at new highs at midday Thursday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, hitting fresh contract highs once again. Tightening supplies remained the key driver in the market, with a rally in Chicago Board of Trade soybeans and soyoil also supportive. “Crushers are trying to buy more old crop […] Read more
Futures

ICE Canada Morning Comment: Canola continues to rally

Increases in 'demand-pull market'

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By Glen Hallick, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Thursday morning, in what has become a “demand-pull market.” There was pressure on the immediate May contract as traders looked to roll out before it expires. Tight canola supplies in Canada continued to underpin old crop values, […] Read more
Futures

ICE canola up, but off early highs

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, but well off its earlier highs as gains in the Canadian dollar tempered the advances. Tight old crop supplies, uncertainty over new crop weather, and a rally in Chicago Board of Trade soyoil all contributed to […] Read more
Futures

Canadian dollar and business outlook

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By MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as currency traders await the Bank of Canada’s latest interest rate decision. At 8:38 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7915 or US$1=C$1.2634 which compares with Tuesday’s North American close of US$0.7954 or US$1=C$1.2572. The Bank of Canada […] Read more
Futures

ICE Canada Morning Comment: Old crop values continue to spike

Support from other edible oils

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By Glen Hallick, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Wednesday morning, with sharps gains in the old crop months and declines in the immediate new crop months. Support was coming from increases in Chicago soyoil, European rapeseed and Malaysian palm oil. Declines in Chicago soybeans and soymeal […] Read more
Futures

ICE canola rallies to new highs

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, setting fresh contract highs in many months as both speculators and end users were bidding up the market. “Everyone is a little jittery,” said a trader on the underlying market sentiment. He said fund traders were […] Read more
Futures

ICE Canada Morning Comment: Sharp spike in canola

Big gains in soy complex, rapeseed

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By Glen Hallick, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were significantly higher on Tuesday morning, with the most active months experiencing new contract highs. There were sharp increases in the Chicago soy complex and European rapeseed, along with a modest rise in Malaysian palm oil. Canola was also getting support […] Read more

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