Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was sharply higher Tuesday morning, as the market reacted to declining production estimates from Statistics Canada. The government agency lowered their estimate on the size of the 2021/22 canola crop to 12.8 million tonnes. That was down by nearly two million […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with chart-based speculative buying a feature as prices continued to correct off of nearby lows. Ideas that recent losses were overdone contributed to the gains, with the November contract moving well above the psychological C$850 per tonne […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, correcting above major chart support. Ideas that losses posted the previous week were overdone contributed to the gains, with the November contract well off of its recently hit one-month lows. Statistics Canada releases updated production estimates […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Monday morning, ahead of tomorrow’s production report from Statistics Canada. The update should provide a better idea of how the 2021/22 canola harvest is shaping up, particularly with strong indications of poor yields. Although the federal agency […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was slightly stronger at Friday`s close, but settled well off its session highs. A move higher in Chicago Board of Trade soybeans in the aftermath of the latest supply/demand estimates from the United States Department of Agriculture provided some underlying support […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged at midday Friday, with the bias to the upside in the most active months as the market saw some consolidation ahead the United States Department of Agriculture’s monthly supply/demand report set for release at […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the front months on Friday morning, with declines in the deferred positions. While there was support from small gains in Chicago soybeans and soymeal, there were slight losses in soyoil. Canola was also getting spillover from higher European […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market dropped sharply lower on Thursday, with long liquidation a feature as the market tested nearby chart support. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the declines in canola. The […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The ICE Futures canola market was down sharply at midday Thursday, with speculative long-liquidation and a lack of willing buyers on the other side behind some of the weakness. With Canadian canola production expected to be down sharply on the year, end users are already showing […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, following declines in the Chicago soy complex and other edible oils. At 1.77 million tonnes, canola ending stocks for 2020/21 are the lowest since 2017, according to Statistics Canada, but well above earlier expectations. Daytime temperatures […] Read more