Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with continued losses in the nearby July contract but a firmer tone in the new crop months as the July/November spread narrowed in. Commercial buying interest has largely shifted into the new crop months, causing speculative profit-taking […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday. The old crop July contract was down the expanded daily limit of $45 per tonne for nearly all of the session. A trader noted there has been an overreaction to inflation in the United States, which has […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were retreating at midday Thursday, with the old crop July contract at the expanded down limit of C$45 per tonne. Should that trading remain at the down limit, then it will be further expanded to C$60 per tonne for Friday’s session. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was mostly weaker Thursday morning, with near-limit-down losses in the nearby July contract as the old/new crop spread saw some adjustment. Commercial buying interest has largely moved over to the new crop months, leaving the July contract open to speculative profit-taking. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures witnessed strong gains in the new crop months on Wednesday, while old crop July fell to its down limit. A trader said there has been a tremendous amount of rolling out of that July contract into November after the former exceeded […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher in the new crop months at midday Wednesday, with continuing declines in the old crop July contract. A Winnipeg-based trader explained there is a mass liquidation of the July contract this week after it moved C$250 per tonne ahead […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with losses in the nearby July contract and gains in the more deferred positions. Speculative profit-taking accounted for some of the selling pressure in the July contract, with end-user buying interest also shifting to the new crop […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was mixed on Tuesday, with sharp losses in the old crop July contract and a firmer tone in the new crop months in trade that was described as choppy and volatile. Increased farmer hedges, as price targets were met in the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was mixed at midday Tuesday, with losses in the nearby July contract and gains in the more active new crop months. Activity was volatile and choppy, as values swung within wide ranges. Farmer hedges had come forward in overnight trade to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to retreat on Tuesday morning following yesterday’s sharp declines. Although prices were recovering from their overnight lows. The daily limit for canola was increased by ICE from C$30 per tonne to C$45. Continuing dry conditions and warmer temperatures will help […] Read more