Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, backing away from contract highs as traders took profits. Losses in Chicago Board of Trade soyoil futures put some spillover pressure on canola. European rapeseed futures were also weaker, although Malaysian palm oil was higher. Tight supplies […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures pushed further upward Tuesday, hitting new contract highs in what a trader called a show of independent strength. Tight supplies, good demand despite price rationing, and seller reluctance underpinned canola values. Gains in European rapeseed along with those in Chicago soybeans […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola prices continued to surge upwards at midday Tuesday, hitting new contract highs in what a trader said was a show of independent strength. Ongoing tight supplies, solid demand despite price rationing, and reluctance on the part of sellers contributed to rise in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The ICE Futures canola market continued its well established uptrend Tuesday morning, setting fresh contract highs once again. Tight supplies, solid demand and a lack of willing sellers on the other side remained supportive. Bullish chart signals contributed to the gains, as speculators hold large net-long […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures was on the upswing Monday, as demand fueled the increases with additional support from sellers content to stand on the sidelines. Tight canola supplies remained supportive. While Chicago soyoil also pulled back from earlier increases, but remained in the green at […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, hitting fresh contract highs once again. “It’s still a bull market,” said a Winnipeg-based trader. “It’s a very short crop and there’s still demand out there,” he added. A lack of sellers on the other side, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, seeing a continuation of last week’s gains as bullish chart signals kept speculators on the buy side. Tight supplies and the need to ration demand also remained supportive, although canola is already looking expensive at current levels. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was mostly higher at Friday’s close, with positioning ahead of the week- and month-end a feature. The nearby November contract climbed sharply higher, settling well above the psychological C$1,000 per tonne level in thin volumes. The gains in the more active […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Friday, although activity was thin and choppy on the last trading day of the month. The nearby November contract was up sharply in light trade, as investors continued to exit the front month ahead of its […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning with the vast majority of the trading with the January contract. Support came from gains in Chicago soyoil and soymeal, as well as Malaysian palm oil and European rapeseed. Chicago soybeans were down slightly. Tight […] Read more