Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The ICE Futures canola market was lower in the most active contracts at Friday’s close, seeing a modest correction to end the week after posting contract highs in recent sessions. The underlying fundamentals of tight old crop supplies and solid end-user demand remained supportive, but canola […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, seeing a profit-taking correction ahead of the weekend after setting fresh contract highs in recent sessions. The underlying fundamentals of tight old crop supplies and solid end-user demand remained supportive, but canola was thought to be […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, as the market corrected after several days of gains. Part of that included traders who have been looking to roll out of their May contracts before they expire. There were losses in Chicago soybeans and soymeal, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, hitting fresh contract highs as tightening old crop supplies and a rally in the Chicago Board of Trade soy complex provided support. End users scrambling to secure coverage of dwindling old crop stocks accounted for some of […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, hitting fresh contract highs once again. Tightening supplies remained the key driver in the market, with a rally in Chicago Board of Trade soybeans and soyoil also supportive. “Crushers are trying to buy more old crop […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Thursday morning, in what has become a “demand-pull market.” There was pressure on the immediate May contract as traders looked to roll out before it expires. Tight canola supplies in Canada continued to underpin old crop values, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, as the ongoing rally showed no signs of slowing down. Tight old crop supplies, uncertainty over new crop weather, and a rally in Chicago Board of Trade soyoil all contributed to the firmer tone in canola. The […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, but well off its earlier highs as gains in the Canadian dollar tempered the advances. Tight old crop supplies, uncertainty over new crop weather, and a rally in Chicago Board of Trade soyoil all contributed to […] Read more

By MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as currency traders await the Bank of Canada’s latest interest rate decision. At 8:38 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7915 or US$1=C$1.2634 which compares with Tuesday’s North American close of US$0.7954 or US$1=C$1.2572. The Bank of Canada […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Wednesday morning, with sharps gains in the old crop months and declines in the immediate new crop months. Support was coming from increases in Chicago soyoil, European rapeseed and Malaysian palm oil. Declines in Chicago soybeans and soymeal […] Read more