Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Monday morning, seeing some consolidation to start the week after Friday’s rally. Early losses in Chicago Board of Trade soyoil futures put some spillover pressure on canola, but Malaysian palm oil was higher overnight and European rapeseed was […] Read more

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday as gains back away from another round of new contract highs. At one point the January contract topped off at C$1,028.90 per tonne, with the March hitting C$997.10. A trader noted that new crop contracts have pushed well past […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Friday, hitting new contract highs as trading resumed after being closed for Remembrance Day. “The specs are staying long. The specs are still pushing this thing up,” a trader stated, noting that new crop contracts were […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, backing away from new contract highs as the Canadian markets resumed trading following Remembrance Day. Declines in Chicago soyoil and European rapeseed weighed on values while support came from Chicago soybeans and soymeal as well as […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, hitting fresh contract highs as tight supplies, solid demand, bullish technical signals and spillover from outside markets all provided support. End users looking to secure coverage and speculators adding to their large net long positions were both […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, hitting fresh contract highs as tight supplies, bullish technical signals and spillover from outside markets all provided support. Chicago Board of Trade soyoil futures were posting solid gains at midday, while European rapeseed and Malaysian palm […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, rising with gains in the Chicago soy complex as well as in European rapeseed and Malaysian palm oil. Additional support for canola was coming from tight supplies and drought conditions on the Prairies. However, a system […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, testing contract highs as the market reacted to updated supply/demand data from the United States Department of Agriculture. The USDA’s monthly report was bullish for soybeans, with average yields revised down from earlier estimates. The resulting rally […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Tuesday, awaiting monthly supply/demand estimates from the United States Department of Agriculture. The World Agriculture Supply and Demand Estimates (WASDE) report is generally expected to show increases in both U.S. soybean yields and ending stocks, which […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday morning, with gains in the front months following overnight declines. As losses in Malaysian palm oil weighed on canola values, European rapeseed was mixed, and small gains in the Chicago soy complex weren’t overly supportive. There could […] Read more