Futures

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday morning, continuing to take their cue from losses in the Chicago soy complex. Additional pressure came from declines in European rapeseed and Malaysian palm oil. Trading volumes will be lower Monday and Tuesday as China marks a […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower in the most actively traded contracts on Friday, with small gains in the more deferred positions. Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, as declines in the Chicago soy complex weighed on values. There had been support from European rapeseed, which hit new contract highs this week. However, it’s now mixed with gains only in the front month. Malaysian […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, taking some direction from the Chicago Board of Trade soy complex. Positioning ahead of the weekend added to the declines, as canola remains overpriced despite the tight supply situation. Demand is already being rationed at current price […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Thursday, unable to fend off the downward pressure from declines in Chicago soyoil. Saskatchewan Agriculture issued its weekly crop report this afternoon, citing the province-wide harvest of all major crops was at 74 per cent complete. The combining […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher at midday Thursday, in choppy trading that wasn’t getting a lot of direction from other markets. A trader commented that canola crashed by C$7 to C$9 per tonne at Wednesday’s close, but still finished a little stronger. “The […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning after trading to both sides of unchanged in overnight activity. Canada’s drought-stricken crop remained supportive, with many in the industry anticipating actual production will end up below the already small 12.8 million tonnes forecast by Statistics Canada earlier in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were up on Wednesday, with spillover support from Chicago soybeans and soyoil, as well as other edible oils. However, canola prices backed away from earlier highs due to farmer hedging. A trader said the updated canola forecast put forth by Statistics […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Wednesday, getting support from other edible oils, which have been on the upswing due to technical buying, according to a trader. However, canola backed off from earlier highs after the United States Department of Agriculture (USDA) announced […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, although off its overnight highs. Traders were still digesting Tuesday’s production estimates from Statistics Canada. The government agency pegged the canola crop at only 12.8 million tonnes, which would be the smallest since 2010. A mixed tone […] Read more