Futures

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Tuesday, having backed well away from earlier highs. There were gains in the front months and declines in the more deferred positions. A trader said there have been increases in canola prices due to the uncertainty surrounding […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday, as the charts show a bullish market, according to a trader. “The funds are looking at the chart and the chart has turned dramatically bullish,” the trader stated. “The market is trying to come to grips […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning in a show of independent strength from other edible oils. Chicago soyoil was lower, as were European rapeseed and Malaysian palm oil. Meanwhile Chicago soybeans and soymeal were higher. Yesterday, a trader surmised that speculative funds […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Monday, but took a step back from their earlier highs. A trader said canola was likely run up by speculative fund traders in an attempt to see how high they could push it. However, he suggested canola doesn’t […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Monday, likely being pushed upward by speculative fund trading, according to a trader. Although, prices were off from earlier highs. “I doubt it’s commercial buying at this stage. The commercial money is pretty well set now. They […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning on gains made during the overnight session. However, increases have pulled back from earlier highs. Prairie temperatures have been forecast to continue well above 30 degrees Celsius today, especially parts of Saskatchewan and Manitoba. Daytime highs […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday, but backed away from earlier highs. Support came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. In yesterday’s supply and demand estimates, the United States Department of Agriculture (USDA) pegged Canadian canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Friday, due to gains in comparable edible oils, as well as yesterday’s United States Department of Agriculture report. There were significant upticks in the Chicago soy complex, as well as moderate to good gains in Malaysian palm […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday morning, bouncing back from yesterday’s losses. Canola benefitted from gains in Chicago soyoil, European rapeseed and Malaysian palm oil. Also, the nearby contracts in the ICE canola crush margins improved as well. Temperatures across the Prairies remained […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished lower on Thursday, in trade that saw prices spike upward following the release of the United States Department of Agriculture (USDA) supply and demand report, but only to fall back. However, contracts remained well off their earlier lows. The Chicago […] Read more