Futures

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures settle most highly on Thursday, with only the November contract posting a small loss at the close as prices recovered from earlier declines. The eastern Prairies received rain yesterday, especially a strip through southern Manitoba that brought two to three inches. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Thursday, due to the very timely rains received in the eastern Prairies. There were some gains for the much more deferred, less traded positions. A Winnipeg-based trader noted the amounts of rain varied, with a path […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 10 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as improving moisture conditions across Western Canada weighed on values. Much needed rain in dry areas of Manitoba and Saskatchewan on Wednesday helped alleviate some of the dryness concerns that had supported the futures recently. However, subsoil […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, as rain fell on parts of the eastern Prairies. Coupled with that were declines in the Chicago soy complex plus the spec funds liquidating their long positions. Losses in European rapeseed and Malaysian palm oil added to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were falling sharply at midday Wednesday, with some contracts coming close to the C$30 per tonne daily limit. A Winnipeg-based trader said there are three factors to the slide in prices. “Definitely the rain, as it has alleviated the drought-like conditions. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 9 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some profit-taking after recent highs as parts of the Prairies saw some much needed rain. Losses in Chicago Board of Trade soybeans and soyoil added to the softer tone in canola, with Malaysian palm oil and […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw another round of gains on Tuesday, while the old crop July contract remained in retreat. A Winnipeg-based trader asserted that someone is holding back canola prices to the extent they are about C$50 per tonne behind Chicago soyoil. Canola still […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Tuesday, with the only declines coming in the old crop July contract. Although new crop canola was climbing, a Winnipeg-based traded said canola prices were being suppressed. “Somebody is deliberately standing on canola keeping it from […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 8 (MarketsFarm) – The ICE Futures canola market was mostly stronger Tuesday morning, recovering from earlier declines as gains in the Chicago Board of Trade soy complex provided support. Ongoing North American weather concerns remained a supportive influence, although Canadian forecasts have moderated somewhat this week with rain expected […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the new crop months on Monday, as dry conditions remain in the immediate weather forecast. However, rain is expected to fall across much of the Prairies later this week. The liquidation of the old crop July contract continued, […] Read more