Futures

By Glen Hallick, MarketsFarm WINNIPEG, April 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, due to gains in comparable edible oils. There were strong increases in the Chicago soy complex, while Malaysian palm oil and European rapeseed had small to moderate gains. Tight old crop supplies continued to underpin canola […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with the largest gains in the old crop months as speculators returned to the buy side after the long weekend. Gains in Chicago Board of Trade soyoil and soybeans contributed to the firmer tone in canola. Concerns […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Monday, taking some direction from Chicago Board of Trade soybeans and soyoil as activity resumed following the Easter long weekend. Concerns over tightening old crop canola supplies, as both exports and the domestic crush continue to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, as trading resumed following the Easter long weekend with light volumes. Support was coming from strong gains in the Chicago soy complex. Advances in old crop canola were outpacing those in the new crop months. Due […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Thursday with the old crop months taking the brunt of the declines. There were some gains in the more distant new crop months. Speculative long liquidation ensued after yesterday’s limit up gains generated farmer selling. Following Wednesday’s […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Thursday, with the old crop months taking the larger declines. A Winnipeg-based trader said yesterday’s limit up selling spurred farmer selling, but that has since changed. “As you turn the market lower…you’re getting some spec liquidation,” he […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing a correction after posting limit-up gains in the most active months on Wednesday. A bullish reaction to acreage estimates from the United States Department of Agriculture sent the Chicago soy complex climbing higher on Wednesday which […] Read more

By MarketsFarm WINNIPEG, March 31 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, underpinned by solid gross domestic product data. The country’s GDP was up by 0.7 per cent in January compared to the previous month, marking the ninth consecutive increase. However, total economic activity in the country was still down by about three […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures skyrocketed on Wednesday to hit daily limits in the May, July, November and January contracts. The impetus for the dramatic turnaround from yesterday’s sharp losses was two reports from the United States Department of Agriculture (USDA). The grain stocks as of […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Wednesday, recovering somewhat from the steep losses incurred yesterday. A Winnipeg-based trader said canola was struggling in its recovery, expecting prices to be C$6 to C$8 per tonne higher. Especially with the strong increases in the Chicago […] Read more