Futures

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola was stronger at midday Thursday, as contracts hit new highs in what has become its own market, according to a Winnipeg-based trader. “It’s shrugged off any downward movement in the United States markets. It’s not even looking at that anymore. It’s […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s move to fresh contract highs. Tightening old crop supplies and the need to ration demand remained a key driver in the market. Agriculture and Agri-Food Canada released updated supply/demand estimates […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola hit new highs on Wednesday, showing a measure of independent strength amid steep declines in Chicago soyoil. There was also pressure from losses in European rapeseed, but additional support came from stronger Malaysian palm oil. Shrinking canola supplies remain a supportive […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Wednesday, showing some independent strength, according to a Winnipeg-based trader. He noted Malaysian palm oil hit new contract highs in the overnight trading, but there were declines in Chicago soyoil and European rapeseed. The trader said […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged Wednesday morning in choppy activity, although the bias turned higher in the most active months. Losses in Chicago Board of Trade soyoil and profit-taking after recent gains had put some pressure on canola in overnight […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, as some contracts hit new highs. Support came from a sharp spike in Chicago soybeans. Additional support came from tightening canola ending stocks, with the markets looking at price rationing. Also, a trader said the funds […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Tuesday, getting support from strong gains in Chicago soyoil. Trading resumed following the holidays in Canada and the United States on Monday. “Beanoil is the leader by far,” said a Winnipeg-based trader, noting that it’s up […] Read more

WINNIPEG, Feb. 16 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, hitting fresh contract highs in many months. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, with Malaysian palm oil also up sharply in overnight activity. Chart-based buying contributed to the gains in canola, with […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The ICE Futures canola market posted solid gains on Friday, with the largest advances in the front months as bullish technical signals and concerns over tightening old crop supplies provided support. Canola exports continue to run well ahead of the year-ago level, highlighting the need to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, hitting a fresh contract high in the most active May contract as gains in Chicago Board of Trade soyoil provided spillover support. Concerns over tightening old crop supplies continued to underpin the market as well, with […] Read more