Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, as sharp losses in the Chicago Board of Trade soy complex encouraged some speculative selling. Oversold price sentiment contributed to the decline, although the underlying fundamentals of tight supplies and solid demand remained supportive. Forecasts calling […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – There were sharp declines in Intercontinental Exchange (ICE) canola futures on Wednesday morning, as two weather systems are forecast to bring much needed rain to the Canadian Prairies. One system moving across central and northern Alberta dropped 15 to 45 millimeters and in one case, five […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 18 (MarketsFarm) – The ICE Futures canola market was mixed on Tuesday, with continued strength in the nearby July contract and a softer tone in the new crop months. The July contract hit its daily limit in early activity, leading to thin trade in the deferred months for the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, with the old crop July contract up its daily C$45 per tonne limit for the second session in a row. After dropping sharply for most of the previous week due to long liquidation, the July contract […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Tuesday morning, with the July contract reaching its daily limit of C$45 per tonne during the overnight session. The new crop months were mixed, with gains in the nearby positions. There was good spillover support from increases […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The ICE Futures canola market was mixed on Wednesday, with a limit-up move in the old crop July contract and losses in the new crop months. The July contract hit its daily limit in early activity, leading to thin trade in the deferred months for the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, with the old crop July contract up its daily C$45 per tonne limit and a steady tone in the more deferred new crop months. Tight old crop supplies remained a key driver in the front month, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Monday morning with sharp gains in the old crop July contract and declines in the immediate new crop positions. There was spillover strength coming from higher values in the Chicago soy complex. However, there were losses in European […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Friday, winning back a portion of the steep losses incurred on Thursday. Much of canola’s recovery was due to strong gains in Chicago soyoil and European rapeseed. A trader stated the longs were moving out of the July […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were gaining some strength at midday Friday, turning around after steep losses on Thursday. A trader explained the new crop November canola contract has been closely following the product values of Chicago soyoil and soymeal, which were swinging upward. But it […] Read more