Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, recovering from overnight declines in the front months as a rally in Chicago Board of Trade soyoil provided support. Malaysian palm oil was also higher in overnight activity, boosted by solid export demand. Friday’s rally brought […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday morning, despite supportive gains in other edible oils. Concerns about tight old crop supplies continued to underpin canola values. The Canadian dollar was relatively steady, with the loonie at 80.03 U.S. cents, compared to Friday’s close […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday, recovering a large portion of the steep losses incurred the last few days. Support came from good gains in the Chicago soy complex and European rapeseed. There were small increases in Malaysian palm oil. Agriculture and Agri-Food […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly weaker at midday Friday, but off their lows from the overnight session and with gains for the nearby May contract. A Winnipeg-based trader said canola was getting strength from the rebound in the Chicago soy complex. There was additional […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, recovering from the lows hit overnight as the speculative selloff that weighed on prices the previous two days showed signs of waning. The nearby May contract has fallen by roughly C$50 per tonne off of its highs […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday, as another round of profit-taking weighed on values. There was significant weakness in the Chicago soy complex, especially soyoil which lost more than one cent per pound. European rapeseed and Malaysian palm oil also incurred declines. A […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures weaker at midday Thursday as profit-taking continued to pull down values for a second day. “There’s too much spec money in these markets at times. Eventually it’s going to flush out a little bit. “The big question is – will they […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The ICE Futures canola market was down sharply Thursday morning, as speculative long-liquidation weighed on values. Wednesday’s downturn was bearish from a chart standpoint, with the May contract falling below its 20-day moving average this morning and investors back on the sell side booking profits on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, due to profit-taking. An analyst said that cash canola supplies in Canada have pretty much dried up and in order to attract new buyers, canola prices need to come down. He added that with China currently buying […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Wednesday due to profit-taking, according to a Winnipeg-based analyst. The largest declines were in the old crop months, particularly the May contract. “Two days ago [May] canola made an all-time record high on the contract at […] Read more