Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The ICE Futures canola market was stronger at Monday’s close, recovering from early losses. Weakness in Chicago Board of Trade soybeans and soyoil had weighed on the canola market for most of the session, with European rapeseed futures also down on the day. However, the speculative […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, taking some direction from Chicago Board of Trade soyoil. European rapeseed futures were also down overnight, although Malaysian palm oil was stronger. Speculative long liquidation contributed to the declines in canola, as fund traders holding large […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday morning following declines in the Chicago soy complex and in European rapeseed. Small gains in Malaysian palm oil were tempering further declines in canola. Tight supplies continued to underpin canola values, as was the prospect of below […] Read more

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday, due to spillover from declines in the Chicago soy complex. However, canola and Chicago soyoil backed away from sharper losses earlier in the session. Additional pressure came from losses in European rapeseed and Malaysian palm oil. On the flip […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the decline at midday Friday, being pulled down by weakness in the Chicago soy complex. “We’re looking at a very bearish situation right now,” a trader said about soyoil in particular. “If beanoil is at 65 cents per pound, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 5 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, continuing to back away from contract highs as traders booked profits ahead of the weekend on ideas that canola was looking overpriced at current levels. Declines in Chicago Board of Trade soyoil contributed to the softer tone […] Read more

By Glen Hallick, MarketsFarm WINNIPEG – Intercontinental Exchange (ICE) canola futures were lower Thursday due to weakness in the Chicago soy complex and European rapeseed, with additional pressure from profit-taking. A reversal of fortunes in global crude oils also weighed on canola and other edible oil values. Crude completely lost its strong gains from this […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Thursday being drawn lower by sharp losses in the Chicago soy complex. Declines in European rapeseed added more pressure. “We are grinding lower,” a trader commented, noting that “the soybean complex has got no friends.” There […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some speculative profit-taking to start the day amid ideas the futures are looking overpriced. European rapeseed futures were also posting losses, putting some spillover pressure on the Canadian oilseed. However, Malaysian palm oil hit fresh highs […] Read more

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed for the most part on Wednesday. Prices pulled well away from much larger losses due weakness in global crude oil values and to a measure of profit-taking. Tight canola supplies, continuing dryness on the Prairies, and seller reluctance underpinned values, […] Read more