Futures

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

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued lower on Friday morning, as speculators liquidate long positions. Of note, the declines weren’t as dramatic as the near limit drops experienced on Thursday. Weakness in comparable edible oils contributed to this morning’s losses. The Canadian dollar was in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, posting limit-down losses in some months as speculators liquidated long positions. Ideas that canola was looking overbought, after hitting record highs earlier in the week, contributed to the losses. Losses in the Chicago Board of Trade soy […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, as speculative profit-taking weighed on values. While the underlying fundamentals of tightening old crop supplies remain supportive, canola was looking overbought and due for a correction from a chart standpoint, according to participants. Losses in the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday morning, as profit-taking pulled them back from record highs. The sparsely-traded March contract, which fell its daily limit of C$30 per tonne yesterday, was already down C$29.70 at C$771.00 per tonne. In gaining about four-tenths of […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market mixed on Wednesday, with losses in the most active front months as speculators booked profits on their large net long positions. Strength in the Canadian dollar, which hit three-year highs relative to its United States counterpart, also weighed on values. However, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, with losses in the front months and a firmer tone in the more deferred positions. Speculative long liquidation accounted for the selling pressure in the nearby months, with fund traders holding large long positions booking profits, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly higher on Wednesday morning, as tight old crop supplies drive up prices. It’s a similar situation with edible oil ending stocks around the world, with gains in Chicago soyoil and European rapeseed. However, there were moderate declines in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, moving up the daily C$30 per tonne daily limit in the lightly traded nearby March contract. Tight old crop supplies and the need to ration demand going forward remained the major fundamental supportive factor in canola, with […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, posting a limit-up move in the nearby March contract at one point before backing away slightly. “Another day, another record high in canola,” said a Winnipeg-based trader on the continuing rally in the futures. He noted […] Read more