Futures

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were moving higher at midday Thursday. Support was coming from not only comparable oils, but also on news from Canadian National Rail, according to a trader. With the latest deluge of rain in southern British Columbia, CN closed its Kamloops to […] Read more

ICE canola mostly higher Thursday morning WINNIPEG – The ICE Futures canola market was mostly higher Thursday morning, although activity was thin and choppy. Chicago Board of Trade soyoil futures were lower in early activity while Malaysian palm oil also posted losses overnight. However, European rapeseed futures were holding onto small gains. Ongoing concerns over […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw increases in the old crop months on Wednesday, while new crop positions closed slightly lower. Support for edible oils from strong upticks in global crude oil prices evaporated by the close of the grain markets, which weakened edible oils. Ahead […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the crop month sat midday Wednesday, but there were declines in the new crop positions. Support for edible oils was coming from gains in global crude oil prices, but a trader said in the long run crude is […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, seeing some consolidation after Tuesday’s selloff. Canola was said to be due for a profit-taking correction from a chart standpoint, which contributed to Tuesday’s sharp losses. However, the underlying fundamentals of tight supplies remain supportive. Chicago Board […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures fell hard on Tuesday, due to profit-taking throughout the North American grain markets. Despite the sizeable losses, they managed to step away from larger declines. A hefty downturn in Chicago soyoil along with significant pull backs in European rapeseed and Malaysian […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were sharply lower at midday Tuesday, due to widespread profit-taking, according to a trader. There were steep declines in the Chicago soy complex, particularly with soyoil. “With beanoil down as hard as it is…canola is looking increasingly overvalued on the old […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The ICE Futures canola market was sharply lower Tuesday morning, seeing a continuation of Monday’s retreat from contract highs. Speculative long liquidation accounted for much of the selling pressure, as traders booked profits on their large net-long positions. Losses in the Chicago Board of Trade soy […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures pulled back on Monday, after rallying to new contract highs during the overnight session. Downward pressure came from the liquidation of the January contract as well as market concerns over the new Omicron strain of COVID-19. Losses in the Chicago soy […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, after contracts hit new highs during “a wild overnight session,” said a trader. He explained things petered out due to the long liquidation, spurred on by concerns over the new Omicron strain of COVID-19. Also, the […] Read more