Futures

By Glen Hallick, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning with the nearby may contract remaining well above C$800 per tonne. Tight old crop supplies continued to underpin canola values. Meanwhile, new crop prices were mixed due to the likelihood of more canola acres being […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Thursday, with the nearby May contract hitting fresh contract highs in choppy activity. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support, although canola also found some independent strength. Tight old crop supplies […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, after trading to both sides of unchanged in choppy activity. “It’s like a craps table, one minute it’s higher and the next it’s going down,” said one trader on the volatile action in the futures. He […] Read more

By MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Rising tensions in Northern Ireland between Irish nationalist Catholics and British loyalist Protestants saw riots break out overnight in Belfast, with people throwing bricks, fireworks and gasoline bombs over a concrete ‘peace wall’ […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning and witnessed the May contract push above C$800 per tonne. Old crop canola prices continued to be underpinned by tight supplies, while those for new crop were getting support from the dry conditions on the Prairies. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday after trading to both sides of unchanged, with the largest gains in the nearby May contract as some speculative stops were hit on the way up. Tuesday’s move above the 20-day moving average was bullish from a […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, in volatile two-sided activity. Futures were bouncing around both sides of unchanged, with adjustments to the intermonth spreads a feature. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola, but […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning in a show of independent strength. There were declines in Chicago soyoil, but European rapeseed was mostly higher and there were moderate increases in Malaysian palm oil. Tight supplies continued to underpin old crop canola values. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 6 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, as tight supplies and the need to ration demand were especially supportive for the old crop months. Dry weather and mounting drought concerns across the Prairies were also supportive, although expectations for increased seeded area this spring […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 6 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, with the largest gains in the old crop months as tight supplies and the need to ration demand provided support. Advances in Chicago Board of Trade soybeans and soyoil contributed to the firmer tone in canola, […] Read more