Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was mixed at Thursday’s close, with gains in nearby November contract and losses in the more deferred months. November canola climbed above C$1,000 per tonne early in the day as speculative positioning ahead of the contract’s expiry provided support. However, profit-taking […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Thursday, with a sharp rally in the nearby November contract ahead of its expiry and a steadier tone in the more actively traded deferred months. The speculative rally in the November contract was exaggerated as open […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Thursday morning with the nearby contracts hitting new highs. That included C$1,000 per tonne for the November, which get its first notice tomorrow. The much more deferred positions were taking a step back due to declines in the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, hitting fresh contract highs for the second-straight session as speculators continued to add to their long positions. While tight supplies remained supportive, canola is already priced high enough to ration demand and a trader said there was […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, hitting fresh contract highs in the most active front months. A Winnipeg-based trader described canola as being in “a game all by itself,” with speculative money the primary reason behind the rally in the nearby contracts. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Wednesday morning amid declines in the Chicago soy complex. There were also losses in European rapeseed and Malaysian palm oil. Crude oil prices dropped back, which weakened biofuel values. Tight supplies continued to underpin canola values, as were […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, setting fresh contract highs as bullish chart signals provided support. Canola had started the day on the defensive, but the early profit-taking quickly faded and speculators returned to the buy side. Tight supplies and the need to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Tuesday, as early profit-taking selling pressure subsided. “The chart looks friendly,” said a trader on the speculative buying interest in the market. He noted that canola had broken above the session highs hit on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) –Intercontinental Exchange (ICE) canola futures were taking a step back on Tuesday morning. There were declines in European rapeseed, as well as in the Chicago soy complex. Tempering further losses were small gains in Malaysian palm oil, tight canola supplies, lackluster production this year and concerns about […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, boosted by spillover from gains in Chicago Board of Trade soyoil and Malaysian palm oil. Bullish chart signals contributed to the gains, as prices neared major upside resistance. Tight supplies remained another supportive influence, although demand is […] Read more