Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 3 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, continuing to see a correction off nearby lows as speculators covered short positions ahead of the weekend. Gains in Chicago soybeans and European rapeseed provided some spillover support, although soyoil and Malaysian palm oil were […] Read more

WINNIPEG – The ICE Futures canola market started Friday in positive territory, lifted by comparable oils. Chicago soyoil and European rapeseed were both up, while crude oil also made slight gains as the conflict between Israel and Hamas continued. The Canadian dollar was up more than four-tenths of a United States cent compared to Thursday’s […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, bouncing off nearby lows as speculative fund positioning provided support. Speculators holding a massive net short position in canola were on the buy side of the market on Thursday, covering some of those bearish bets and booking […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 2 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Thursday, climbing off nearby lows amid ideas recent losses were overdone. Speculative funds holding a record large net short position were behind the rally in canola, as they covered some of those bearish bets […] Read more

WINNIPEG – The ICE Futures canola market was in positive territory on Thursday morning, receiving support from comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was mostly negative. Crude oil was on the rise due to Israel’s ongoing ground offensive into the Gaza Strip. The Canadian dollar was up four-tenths […] Read more

WINNIPEG – The ICE Futures canola market was weaker on Wednesday, hitting fresh lows for the recent downtrend as losses in Chicago soyoil weighed on values. European rapeseed was also lower, although soybeans and Malaysian palm oil both moved higher. Tuesday’s close below C$680 per tonne in the January contract was bearish from a chart […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 1 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Wednesday, seeing some consolidation after hitting fresh multi-month lows in early activity. Tuesday’s close below C$680 per tonne in the January contract was bearish from a chart standpoint, but the market was showing signs of […] Read more

WINNIPEG – The ICE Futures canola market was lower to begin Wednesday, but losses were capped by rising crude oil prices. Chicago soyoil and European rapeseed were down to start the day, but Malaysian palm oil was up. Crude oil gained approximately two United States dollars per barrel due to Israel’s ongoing push into the […] Read more

WINNIPEG, Oct. 31 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, as an attempt at correcting higher ran into resistance and prices dropped to fresh four-and-a-half month lows.   Support at C$680 per tonne had held in the January contract for most of the session before heavy selling in the final minutes […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 31 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Tuesday, in choppy activity as participants squared positions on the last trading day of the month. Only the lightly traded nearby November contract was still lower as participants exit the front month ahead of its […] Read more