Futures

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger Monday morning, gleaning support from gains in the Chicago soybeans and especially soyoil, while soymeal dipped. There were also gains in Malaysian palm oil and European rapeseed. Harvesting across the Prairies largely came to a halt over the weekend […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Friday, following sharp drops in Chicago soybeans and soyoil. There were smaller declines in European rapeseed and Malaysian palm oil, while Chicago soymeal nudged a little higher. A trader said there’s a lack of global demand for edible […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, more due to weakening demand than comparable oils being lower, according to a trader. Also, he said crude oil prices were still down, which added pressure on the vegetable oil market. Once crude recovers, canola and […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher Friday morning, in a show of independent strength and as the Canadian dollar took a tumble. The loonie was at 77.57 U.S. cents, compared to Thursday’s close of 78.18. Over the course of a week the loonie has lost […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday, as they followed steep losses in the Chicago soy complex and other comparable oils to the downside. Prairie temperatures have begun to moderate and that cooling is to generate rainfall for the region. The greatest amounts of […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Thursday, taking a hit as outside markets are on the decline said a Winnipeg-based trader. The Chicago soy complex was significantly lower, along with European rapeseed taking a sizeable step back and more moderate losses in Malaysian […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, again following the losses in other edible oils. There were significant declines in Chicago soybeans and soyoil, plus more moderate losses in soymeal and Malaysian palm oil, while European rapeseed was mixed. As temperatures begin to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were down sharply on Wednesday, due to declines in the Chicago soy complex, Malaysian palm oil and European rapeseed. Nevertheless, canola remains to be expensive when compared to other edible oils. One aspect of that was in the latest ICE canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Wednesday, but still remains very expensive according to a trader. “Canola is doing exactly the job it needs to do. It is in the stratosphere and it’s going to have to stay there,” the trader emphasized. That […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to lower on Wednesday morning, in choppy trading. Declines in the Chicago soy complex, European rapeseed and Malaysian palm oil exerted pressure on canola. Temperatures in the western half of the Prairies have moderated to the low to mid-20 […] Read more