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Futures

ICE Canada Morning Comment: Canola easing off

Losses in rapeseed, soy weighing on values

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By Glen Hallick, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) –Intercontinental Exchange (ICE) canola futures were taking a step back on Tuesday morning. There were declines in European rapeseed, as well as in the Chicago soy complex. Tempering further losses were small gains in Malaysian palm oil, tight canola supplies, lackluster production this year and concerns about […] Read more
Futures

North American Grain/Oilseed Review: Canola nears contract highs

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, boosted by spillover from gains in Chicago Board of Trade soyoil and Malaysian palm oil. Bullish chart signals contributed to the gains, as prices neared major upside resistance. Tight supplies remained another supportive influence, although demand is […] Read more
Futures

ICE canola strengthens with outside markets

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, taking some direction from outside vegetable oil markets. Chicago Board of Trade soyoil futures were posting solid gains, seeing a recovery after profit-taking weighed on values late last week. Malaysian palm oil and European rapeseed futures […] Read more
Futures

ICE Canada Morning Comment: Canola making gains

Support from comparable oils

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By Glen Hallick, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – To start off the last week of October, Intercontinental Exchange (ICE) canola futures were higher on Monday morning. Support was coming from gains in the Chicago soy complex, as well as Malaysian palm oil and European rapeseed. Tight supplies and this year’s lackluster production continued to […] Read more
Futures

ICE Canola Midday: November’s expiry pushing down prices

Liquidation to accelerate next week

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By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola prices remained lower at midday Friday following yesterday’s losses as the expiry of the November options draw closer. “The liquidation in the November continues to accelerate,” said a trader, noting that its open interest is rapidly declining. He added there has been […] Read more
Futures

ICE canola consolidating in choppy trade

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The ICE Futures canola market narrowly mixed Friday morning in choppy trade, seeing some consolidation ahead of the weekend after Thursday’s profit-taking selloff. The Chicago Board of Trade soy complex was holding firm in early activity, providing some spillover support for canola. Ongoing concerns over tight […] Read more
Futures

North American Grain and Oilseed Review: The inevitable end to rally strikes

Yesterday’s gains give away to cross the board declines

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By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures dropped back on Thursday, most likely due to profit-taking according to a trader. Canola prices rallied for several days after they had been in a trading range for a number of weeks. The trader stressed the Canadian oilseed will need to […] Read more
Futures

ICE Canola Midday: Profit-taking most likely behind pull back

'A sudden turn in the undertones' says trader

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By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were taking a step back at midday Thursday most likely due to some profit-taking, according to a trader. For several days canola was swinging higher along with gains in other edible oils. “We got a sudden turn in the undertones, but […] Read more
Futures

ICE canola correcting lower Thursday morning

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing a modest correction after posting gains for the previous six sessions. Canola was thought to be looking overpriced from both a technical and fundamental standpoint, with most of the recent strength tied to spillover from outside […] Read more

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