Futures

By Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning, attempting to recover from significant losses over the last few trading sessions. There was support coming from gains in Chicago soyoil, along with larger increases European rapeseed and Malaysian palm oil. Lower Chicago soybeans and soymeal […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures retreated on Wednesday, as profit-taking and fresh selling weighed on values. A Calgary-based analyst suggested the hike in canola prices cannot continue as the Canadian oilseed, “must respect the global [vegetable oil] market.” He pointed to Chicago soyoil and Malaysian palm […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were pulling back at midday Wednesday, due to a combination of profit-taking and fresh selling coming into the market, according to a Calgary-based analyst. “What I am sensing is canola just can’t continue to run high, even though our […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures weaker on Wednesday morning, after a series of sharp increases. The declines were despite gains in the Chicago soy complex, as well as a small bump up in Malaysian palm oil. European rapeseed was lower. The Prairie weather forecast was calling […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Tuesday, but down from much larger gains due to profit-taking. During the overnight session, the November and January positions hit new contract highs when they peaked at the expanded daily limit of C$60 per tonne. That higher limit […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were higher at midday Tuesday, but those gains have been reduced due to profit-taking. The November and January positions peaked at the expanded C$60 per tonne daily limit overnight, hitting new contract highs including C$949 per tonne for the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures remained higher on Tuesday morning, but contracts had pulled back somewhat from new highs set during the overnight session. That included the November and January contracts hitting the expanded daily limit of $60 per tonne. The heat and drought across the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures remained higher by the expanded daily of C$45 per tonne on Monday that also saw sparse trading volumes. ICE further increased the daily limit to C$60 per tonne effective Tuesday. The rising heat and dry temperatures across the Prairies continued to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were stronger at midday Monday, as the actively traded contracts remained at their expanded daily limit of C$45 per tonne. A Winnipeg-based trader said this powerful uptick is solely due to the hot, dry conditions across the Prairies. He […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Monday morning, already at or near the increased daily limit of C$45 per tonne in the most actively traded months. Hot temperatures combined with scattered showers at best for most of this week continued to drive prices higher […] Read more