ICE Canada Morning Comment: Canola pushing higher in light volumes

Support from soyoil, rapeseed

WINNIPEG, Dec. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, deriving support from gains in Chicago soyoil and the front months of European rapeseed. Meanwhile, lower Malaysian palm oil weighed on values. With the holiday season trading can be erratic due to reduced volumes. Additional support came from tight canola […] Read more

North American Grain and Oilseed Review: Old crop canola finishes mixed

New week at CBOT kicks off with mixed bag

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Monday in the heavily traded old crop months. There was a sharp decline in the sparsely traded new November contract. Chicago soyoil came off of earlier lows, but still weighed on canola values, as did declines in Malaysian […] Read more


ICE Canola Midday: Prices down, but spec longs remain supportive

Losses in comparable oils, crude prices

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, due to weakness in Chicago soyoil and Malaysian palm oil, said a trader. After being higher earlier, European rapeseed has turned lower to weigh on values as well. Sharp declines in global crude oil prices also […] Read more

ICE Canada Morning Comment: Canola steps back

AAFC estimates largely stand pat

WINNIPEG, Dec. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday morning, stepping back in tune with losses in Chicago soyoil and Malaysian palm oil. The declines were tempered by gains in Chicago soybeans and soymeal, along with European rapeseed. With trading now in holiday mode, more volatility is expected. Agriculture and […] Read more


North American Grain and Oilseed Review: Double-digits gains for old crop canola

Gains for CBOT soybeans, corn and winter wheat

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Friday, with the more substantial gains in the heavily-traded old crop months. Support came from strong gains in Malaysian palm oil, also more moderate increases in Chicago soybeans and soymeal, as well as most European rapeseed positions. Declines […] Read more

ICE Canola Midday: Prices climbing on soybeans’ coattails

More support from palm oil, rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Friday, gleaning strength from gains in Chicago soybeans and soymeal, according to a trader. There’s additional support from strong upticks in Malaysian palm oil as well as more moderate increases in European rapeseed. However, declines in Chicago […] Read more


ICE canola up Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 17 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, recovering from overnight losses in choppy activity. Year-end positioning remains a feature in the market, as traders move to the sidelines ahead of the holidays. Weakness in the Canadian dollar provided some support. Ongoing concerns over tight […] Read more

North American Grain and Oilseed Review: Old crop canola closes higher

It’s ‘turnaround Thursday’ at CBOT

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the old crop months on Wednesday, while the lightly traded new crop positions were lower. Strong upticks in the Chicago soy complex and sharp increases in European rapeseed fueled the rise in canola values. However a downturn in […] Read more


ICE Canola Midday: Most old crop prices on the rise

Rolling out of January continues

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Wednesday, as the rolling out of the nearby January contract continued. While there were gains in the other old crop positions, the actively traded new crop months have turned lower. “We are in the timeframe where […] Read more

ICE Canada Morning Comment: Canola pushing higher

Spillover from soy complex, rapeseed

WINNIPEG, Dec. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning getting spillover from strong upticks in the Chicago soy complex and European rapeseed. Increases in global crude oil prices were supportive of edible oil values, however Malaysian palm oil was down hard. Tight supplies and the need to ration demand […] Read more