Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. Speculators were noted sellers in the canola market, taking profits on their long positions. However, hot and dry Prairie weather […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning seeing a continuation of last week’s selloff. While hot and dry Prairie weather conditions remained supportive, bearish technical signals kept speculators on the sell side in canola. Losses in the Chicago Board of Trade soy complex contributed […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was sharply lower on Friday, dropping below major chart support levels as long liquidation built on itself ahead of the weekend. The canola market will be closed Monday, Aug. 2, for Terry Fox Day, while futures in the United States will […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, posting large losses as speculators liquidated long positions ahead of the weekend. “I think canola is being ambushed,” said a Winnipeg-based trader on the speculative money flows in the market. He said the relatively thin volumes […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, continuing the downtrend of the past week as investors liquidated long positions. A move below the 20-day moving average in the nearby November contract was bearish from a chart-standpoint, contributing to the declines. Losses in the Chicago […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was mostly weaker at Thursday’s close, but off its lows for the session after uncovering some support to the downside. Sharp strength in the Canadian dollar accounted for some selling pressure in canola. Speculative long liquidation also weighed on prices in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was posting small gains in the most active months at midday Thursday, recovering from early declines after finding some support to the downside. Sharp strength in the Canadian dollar, which was up by roughly half of a cent relative to its […] Read more

WINNIPEG – The ICE Futures canola market was weaker Thursday morning, testing nearby support as speculators continued to liquidate long positions and book profits. The November contract dipped below the 20-day moving average, which was bearish from a chart-standpoint. A firm tone in the Canadian dollar, which moved above 80 United States cents, also weighed […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker for the second session in a row on Wednesday, with thin volumes exaggerating the move as investors liquidated long positions. While hot and dry Prairie weather conditions remain a supportive influence, those drought concerns have been largely priced into […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday in thin and choppy activity. The market was holding range-bound overall, with traders waiting to get a better handle on the size of this year’s crop. While hot and dry Prairie weather conditions remain a supportive […] Read more