Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – ICE Futures canola contracts were stronger Wednesday morning, recovering from overnight losses as market participants adjusted positions ahead of a pair of much-anticipated reports from the United States Department of Agriculture. The USDA will release its first survey-based acreage estimates for the 2021 growing season at […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were significantly weaker on Tuesday, due to steep losses in Chicago soyoil. During today’s session the May and July contracts bottomed out at the C$30 per tonne daily limit, but managed to settle slightly above those lows. A trader said spec […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were “pretty ugly” at midday Tuesday, according to a Winnipeg-based trader. Steep declines in Chicago soyoil were contributing to the sharp losses in canola as the funds were liquidating the former. “There are definitely specs that are worried about the United […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, as speculative long liquidation returned to weigh on values after Monday’s brief attempt at consolidation. Overnight losses in Malaysian palm oil and weakness in Chicago Board of Trade soyoil contributed to the early selling pressure in canola, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday, partially recovering from sharp losses incurred late last week. There were gains in Chicago soyoil, but there were declines in soybeans and soymeal. Additional support for canola came from increases in European rapeseed and Malaysian palm oil. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday Monday, although the increases might not continue, according to a Winnipeg-based trader. While Chicago soyoil was higher, the trader believes, “it may have run its course,” which would impede canola’s ability to make further gains. Adding […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Monday morning, after taking sharp losses by the end of last week. Chicago soyoil was mixed as well, but there gains in European rapeseed and Malaysian palm oil. Tight canola supplies in Canada continued to underpin values. A […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, with the largest losses in the old crop contracts as speculative fund selling and a lack of buying interest on the other side weighed on prices. The nearby May contract fell by its daily C$30 per tonne […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The ICE Futures canola market was down sharply at midday Friday, as speculators continued to book profits on their large net long positions ahead of the weekend. Losses in Chicago Board of Trade soyoil and a firmer tone in the Canadian dollar contributed to the weakness […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, continuing from yesterday’s declines in what has been a volatile market. Chicago soyoil was higher, but there were losses in Malaysian palm oil. European rapeseed was mixed with its gains in the immediate months. Tightening supplies […] Read more