Futures

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed at midday Friday with front months steady to lower, while there were gains in the deferred months. “We are still seeing the liquidation in the March contract. A lot of commercials are not overly aggressive with their March […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, finding some support from the latest stocks data from Statistics Canada. Canola supplies in the country as of Dec. 31 came in at 12.1 million tonnes, according to the government agency. That was down by 23.7 per […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, after volatile session. The March contract had been lower for most of the day and the May contract bounced between both sides of steady. Statistics Canada is scheduled on Friday to release its grains stocks report […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed at midday Thursday with the old crop months steady to lower and in gains in the new crop months. “If it wasn’t for the liquidation of the March contract, I would expect canola would be firmer, because the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, retreating from overnight gains in the most active front months as the Chicago soy complex also turned lower. Overbought price sentiment and speculative profit-taking contributed to the losses, as canola continued to back away from its recently […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Wednesday, due to weakness in Malaysian palm oil and European rapeseed. While Chicago soyoil spent a good deal of today’s session lower, it finished with a small gain, along with higher soybeans and soymeal. Concerns about […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower at midday Wednesday due to weakness in comparable edible oils. Chicago soyoil was slightly lower, along with larger declines in European rapeseed and Malaysian palm oil. A Winnipeg-based trader commented there’s ongoing liquidation of the soon to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, pressured by losses in world vegetable oil futures. Malaysian palm oil futures dropped sharply in overnight activity, as India raised import taxes on crude palm oil. Chicago Board of Trade soyoil futures were also weaker Wednesday morning. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with the largest losses in the nearby March contract as the intermonth spreads saw some readjustment after Monday’s rally. Losses in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola, with a firmer […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, taking back some of Monday’s gains as losses in the Chicago Board of Trade soy complex weighed on values. Chart-based selling was a feature in the nearby March contract, amid ideas the front-month was looking overbought […] Read more