Futures

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 25 (MarketsFarm) – Intercontinental Exchange canola futures were attempting to turnaround at midday Wednesday, trying pull out of its downturn. Support for the Canadian oilseed came from good upticks in Chicago soyoil, as well as in Malaysian palm oil and European rapeseed. Declines in Chicago soybeans and soymeal attempted […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 25 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Wednesday morning, as an overnight attempt at correcting higher ran out of steam and values retreated to hold within a narrow range. Canola was nearing oversold territory from a chart standpoint, but speculators appeared content to keep […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 24 (MarketsFarm) – Intercontinental Exchange canola futures closed lower on Tuesday, after coming short on an attempted recovery following Monday’s steep losses. Concerns in the commodities market were focused on the likelihood of an economic recession and on how it could affect demand. In the meantime, declines in Chicago […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 24 (MarketsFarm) – Intercontinental Exchange canola futures continued to retreat at midday Tuesday, adding to Monday’s sharp losses. An analyst commented there has been a sense of wariness in the commodities markets due to the general economic outlook. “Everyone is concerned about a recession and how it impacts demand,” […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 24 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, continuing its downward slide of the past week as bearish technical signals kept speculators adding to their large short positions. Declines in Chicago soyoil contributed to the softer tone in canola, with European rapeseed and Malaysian […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange canola futures dropped sharply on Monday, due to declines in comparable oils. Losses in global crude oil prices turned from modest to steep, which threw weakness in the vegetable oils. That spurred pull backs in the Chicago soy complex, Malaysian palm oil and European […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, due to declines in comparable oils. The most heavily traded January contract broke through its C$700 per tonne support level, to which an analyst commented “that’s not good news.” Despite rising tensions in the Middle East, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 23 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, testing fresh four-month lows as bearish technical signals weighed on values. Losses in Chicago soybeans accounted for some spillover selling pressure, although soyoil was holding above unchanged in most months. European rapeseed was mixed, and Malaysian […] Read more

WINNIPEG — The ICE Futures canola market was in mixed territory on Friday with similar sentiment in comparable oils. Chicago soyoil was up, as well as Malaysian palm oil while crude oil was mixed. However, European rapeseed was lower. At mid-afternoon, the Canadian dollar gained less than one-tenth of a U.S. cent compared to Thursday’s […] Read more

WINNIPEG – The ICE Futures canola market corrected itself from Thursday’s downturn, getting support from Chicago soyoil and crude oil. Chicago soyoil was up by approximately one United States cent per pound, while crude oil rose amid ongoing tensions in the Middle East. Limiting canola’s gains were European rapeseed and Malaysian palm oil, which were […] Read more