Futures

By Glen Hallick, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Thursday, with contracts hitting new highs. In particular, the new crop November contract proved to be the market leader with its volume today outpacing that for either the old crop May or July contracts. Tight supplies continued to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures “had its dancing shoes back on” at midday Thursday, said a Winnipeg-based trader. “Strong vegetable oil demand continues to be the overriding story, and the markets have rocketed right back after yesterday’s sell-off,” he said. There were sharp gains in Chicago […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, taking back some of Wednesday’s declines amid ideas the profit-taking correction was overdone. Tight old crop supplies remain the major bullish influence in canola, as the market works to ration demand. Gains in Chicago Board of Trade […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday, with speculative profit-taking a feature as investors liquidated long positions. Losses in Chicago Board of Trade soybeans and soyoil put spillover pressure on canola, although soyoil had moved well off its lows by the close. Soyoil was […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, with speculative profit-taking a feature as investors liquidated long positions. Losses in Chicago Board of Trade soybeans and soyoil put spillover pressure on canola, although soyoil had moved well off its lows by midsession and the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday morning, with steep declines in the old crop months. However, tight canola supplies were tempering further losses. Canola is considered to be overdone with profit-taking likely fueling this morning’s pull back. There were losses as well […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The ICE Futures canola market was mixed on Tuesday, with a steady to softer tone in the front months and gains in the more deferred positions. Monthly supply/demand data from the United States Department of Agriculture did little to move the market, as the latest report […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, although activity was choppy as investors awaited the latest monthly supply/demand report from the United States Department of Agriculture. The World Agriculture Supply and Demand Estimates (WASDE) report is set for release at 11:00 CST. General […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, getting support from comparable edible oils. Chicago continued to make strong gains, while European rapeseed and Malaysian palm oil were higher except in their respective front months. Tight supplies remained the catalyst in underpinning canola […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, seeing a continuation of its months-long uptrend. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, although the Canadian oilseed outpaced the United States market to the upside. The most active […] Read more