Futures

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

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, hitting fresh contract highs as the nearby May contract moved up its daily C$30 per tonne limit. Bullish technical signals had fund traders adding to their large long positions, with end users also getting in on the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, setting fresh contract highs in many months as both speculators and end users were bidding up the market. “Everyone is a little jittery,” said a trader on the underlying market sentiment. He said fund traders were […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were significantly higher on Tuesday morning, with the most active months experiencing new contract highs. There were sharp increases in the Chicago soy complex and European rapeseed, along with a modest rise in Malaysian palm oil. Canola was also getting support […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market settled mixed on Monday, with only the nearby May contract posting losses as speculators exited the front month ahead of its expiry. New contract highs were set in many of the deferred months, with tight supplies underpinning the old crop July […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, with the largest gains in the new crop contracts as values hit new highs. Activity was choppy, with light volumes in the front months leading to some wide price swings, according to a trader. Weather concerns […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, but with the front months having pulled back from their new contract highs. Concerns over tight supplies supported old crop values, while gains in the new crop months were underpinned by dry conditions on the Prairies. […] Read more