Futures

By Glen Hallick, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday, as dryness across most of the Prairies fuels nervousness about the upcoming harvest. A trader explained that some canola blooms have shut down early, which means less pod development and lower production. There’s speculation already that harvest […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) continued on the upswing for a second day at midday Thursday, due to growing nervousness over crop development. “Crop concerns continue to be center stage,” commented a Winnipeg-based trader. “There’s heat building in the [Prairie] forecast.” Also, the extreme […] Read more

WINNIPEG – The ICE Futures canola market was stronger Thursday morning, as persistent Prairie weather concerns provided support. While parts of Alberta and Saskatchewan are forecast to see some precipitation over the next few days, the eastern Prairies remain hot and dry with many analysts downgrading their expectations on the size of this year’s canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures regained of their lost strength on Wednesday, as the Prairie forecast called for warm, dry weather for the rest of the week. With drought conditions across much of the region, a trader emphasized canola prices need to be rationed as supply […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were turning around at midday Wednesday, correcting somewhat from yesterday’s limit down losses. A Winnipeg-based trader stressed canola prices need to increase as the Canadian oilseed must be rationed due to tight supplies “It’s been weaker than the United […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, seeing some consolidation in early activity after posting sharp limit-down losses on Tuesday. Daily limits for canola futures are expanded to C$45 per tonne for Wednesday. Chicago Board of Trade soybean contracts were holding onto gains, but […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were substantially weaker on Tuesday, with the most heavily traded contracts losing the daily limit of C$30 per tonne. Rain on the parts of the Prairies provided the impetus for the sharp declines in canola, be it precipitation that fell yesterday […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were dramatically weaker at midday Tuesday, with contracts plummeting to their daily limit. A Winnipeg-based trader said there was some rain across the Prairies yesterday that brought some much needed moisture. “Was it broad enough showers to stabilize yields?” […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, seeing a continuation of Monday’s losses as activity resumed in the Chicago Board of Trade soy complex. Soybeans and soyoil were down sharply following the Independence Day long weekend, as forecasts calling for relatively favourable Midwestern weather […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Monday, finishing a little short of their daily limit. A trader stated today’s declines had more to do with an opportunity for profit-taking, as the United States markets are closed. Those markets will resume trading Tuesday morning at […] Read more