Futures

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise on Monday morning, in trading that was choppy. Support came from increases in Chicago soybeans and soymeal, while soyoil was relatively steady. Declines in European rapeseed and Malaysian palm oil weighed on values. Thunderstorms have been forecast […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, as a move back above the 20-day moving average was supportive from a chart standpoint. Ongoing concerns over tight supplies and the need to ration demand remained the major bullish influence in the futures. While the forecasts […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The ICE Futures canola market was up sharply at midday Friday, nearing the psychological C$900 per tonne level in the most active November contract. While the nearby forecasts are calling for more moderate temperatures and a chance of rain across the Prairies, yields were hurt by […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 6 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, as ongoing concerns over the size of this year’s Canadian crop kept prices well supported. Gains in Chicago Board of Trade soybeans and a softer tone in the Canadian dollar were also supportive. However, soyoil was holding […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, hitting its highest levels of the past week. Drought concerns across Western Canada remained supportive, with the size of the crop likely well below earlier expectations. However, actual yields remain to be seen and market participants are […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, although activity was thin and choppy. The hot and dry weather through the growing season has cut into the size of this year’s canola crop, keeping prices well supported. However, actual yields remain to be seen […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, as ongoing concerns over declining Canadian crop prospects provided support. Persistent hot and dry weather conditions have decimated yields in many areas, with the need to ration demand keeping canola well supported. Gains in the Chicago Board […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, after trading within a wide range in choppy activity. Ongoing concerns over hot and dry Prairie weather cutting into the size of the Canadian crop remained supportive, as industry participants lower their yield expectations. The nearby forecasts […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Wednesday, retreating from earlier highs as a downturn in the Chicago soy complex weighed on values. The most-active November contract had rallied by nearly C$30 per tonne in early activity, but ran into resistance […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying interest after Tuesday’s late move higher. Tuesday’s recovery was constructive from a chart standpoint, signaling that a nearby low may be in for the time being. Ongoing concerns over hot and dry Prairie […] Read more