Futures

By Glen Hallick, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, with gains in old crop July far outpacing those for the new crop months. Canola was getting support from strong gains in the Chicago soy complex as well as Malaysian palm oil, along with moderate increases […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, with the largest gains in the old crop July contract. Tight supplies remained a key driver of the market, with speculative positioning adding to the gains. A lack of significant selling interest on the other side was […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, with gains in the old crop July contract and a softer tone in the new crop positions. Farmer hedges accounted for much of the selling pressure in the deferred contracts as recent gains saw some price […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday morning, with a big gain in the old crop July contract, while there was volatility in the new crop positions. Of note, ICE raised the daily limit for canola contracts to C$45 per tonne effective today. There […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, posting limit-up gains in the most active July contract. Activity was described as choppy and erratic, with no real catalyst for the latest speculative rally besides spillover from the gains in Chicago soybeans and corn. Fund traders […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, hitting fresh contract highs in many months as gains in Chicago Board of Trade soybeans and soyoil provided spillover support. Speculative funds accounted for much of the activity, as they added to their large long positions. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – After taking a hit on Monday, Intercontinental Exchange (ICE) canola futures were higher in the most actively traded months on Tuesday morning, benefitting from gains in other edible oils. Support also came from tight supply concerns and dry conditions on the Prairies. The situation was further […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Monday, settling with small losses after hitting fresh contract highs in overnight activity. Chart-based positioning was a feature, as a mixed tone in the Chicago soy complex did little to provide direction. Tight old […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, retreating from overnight gains after running into resistance at new contract highs. Chicago Board of Trade soybeans also backed away from overnight gains to post losses at midsession, while soyoil was mixed. Tight old crop supplies […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, as its rally continues. Spillover support was coming from strong gains in Chicago soybeans and soymeal. Additional support came from European rapeseed and Malaysian palm oil. Tight supplies continued to underpin canola values, as were dry […] Read more