Futures

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Wednesday in another show of independent strength, according to a Calgary-based analyst. “The United States side is actually wobbling a bit, so canola is kind of going at it alone right now,” he said. The analyst […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Wednesday morning, seeing some consolidation after Tuesday’s rally. Strong demand for tight old crop supplies remained the key supportive influence in canola, as the market continues to work to ration that buying interest. A move to fresh contract […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, gleaning strength from gains in the Chicago soy complex. Additional support came from increases in European rapeseed, while declines in Malaysian palm oil weighed on values. Dwindling canola supplies remained supportive. The Prairie weather will soon […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were pushing higher at midday Tuesday, following a “snap-back in the United States markets,” according to a Winnipeg-based trader. In a turn-around Tuesday at the Chicago Board of Trade (CBOT), the soy complex was stronger with additional support for canola […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, underpinned by the ongoing need to ration tight old crop supplies. European rapeseed futures hit contract highs overnight, lending spillover support to the Canadian oilseed as well. However, Malaysian palm oil was softer and the Chicago Board […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Monday, after a volatile session highlighted by wide swings. There was some support that came from gains in European rapeseed, while declines in the Chicago soy complex and Malaysian palm oil weighed on values. Tightening canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Monday, with the largest gains in the old crop months. This comes despite declines in comparable edible oils, a Winnipeg-based trader noted. “Canola has become way too cheap again. It can’t stay that way. It’s going […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 1 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, as the market showed some stability to start the week. A firmer tone in the Chicago Board of Trade soy complex provided some underlying support, with an overnight rally in European rapeseed futures also underpinning the Canadian […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market was mixed on Friday, recovering from earlier losses in the front months as sharp weakness in the Canadian dollar provided some support. Canola had posted losses for most of the session as speculative profit-taking and a slowdown in end-user demand weighed […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market was weaker at Friday, as speculators booked profits and end users backed away from the buy side. “Line companies are dropping their bids,” said a trader adding that the market “is doing its job.” He expected that exporters and domestic crushers […] Read more