Futures

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

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola lower Tuesday morning following losses in the Chicago soy complex. Canola outpaced the soy complex in going higher on Monday, leaving it open to a rebalancing today. There were also losses in European rapeseed and Malaysian palm oil. Concerns regarding tight […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, gleaning support from increases in Chicago soyoil. As well, ongoing concerns about low canola ending stocks provided support. On Friday, Statistics Canada is schedule to release its report on grains as of Dec. 31. At mid-afternoon […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher at midday Monday in what has been a choppy and volatile market. A Winnipeg-based trader said prices had been firm much earlier in the session, but weakened as the day progressed, only to turn higher. “Soybeans […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, recovering from overnight losses in choppy trade. Gains in Chicago Board of Trade soyoil and a softer tone in the Canadian dollar contributed to the buying interest in canola, as crush margins saw some improvement. Ongoing concerns […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, as it continued to correct after posting 13-year highs earlier in the week. “The traders that jammed canola up are now trying to get out without collapsing the market like a house of cards,” said a […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola turned lower Friday morning after making gains in the overnight trading. This was despite strong support from other comparable edible oils including Chicago soyoil, which was up by more than four-tenths cent per pound. The Canadian dollar was higher at 78.36 […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with losses in the front months and gains in the new crop contracts as the old/new crop spread saw some readjustment Chart-based profit-taking accounted for much of the selling pressure in the nearby March contract, as it […] Read more