Futures

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

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, with sharp gains in the old crop months while the more deferred months had smaller increases. Tight canola supplies continue to drive up prices as the commercials look to fulfill their contracts. Yesterday the soon-to-expire […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Monday, hitting record highs in the old crop months with speculative positioning a feature. However, the new crop contracts lagged to the upside. The nearby March canola contract settled at C$800.70 per tonne, marking the first settlement […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, with new contract highs in the nearby contracts and a slightly softer tone in the new crop months. The lightly-traded nearby March contract exceeded C$800 per tonne, marking the first time any canola contract has ever […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Monday morning, with gains in the old crop months while the new crop months were steady to higher. Price rationing continues to be a major factor in the increases due to tight canola stocks. Although canola has […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued to hit new highs on Friday, as supplies tighten. Of note, the soon-to-expire March contract peaked at a record C$780.90 per tonne before stepping back. A trader said Canada is essentially running out of canola, which has led to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola was higher at midday Friday, as tight supplies continue to drive up prices, according to a Winnipeg-based trader. “We’re having a harder and harder time pulling canola from farmers’ hands. They don’t have much left,” the trader said, adding there were […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, hitting fresh contract highs once again as the ongoing rally showed no signs of slowing down. Concerns over tightening old crop supplies remained the key driver, as the market works to try and ration demand. Gains in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts hit new highs on Thursday in a show of independent strength, amid a volatile market. Canola made gains despite declines in the Chicago soy complex and in Malaysian palm oil. Price rationing was the main driver, as canola ending stocks […] Read more