Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, seeing a continuation of Thursday’s rally. Gains in Chicago soyoil futures and ideas that recent losses in canola were overdone contributed to the advances. European rapeseed and Malaysian palm oil futures were also higher, although […] Read more

WINNIPEG – The ICE Futures canola market rose sharply on Friday morning, largely due to surging crude oil prices. Crude oil gained more than US$3 per barrel due to ongoing uncertainty with regards to the conflict between Israel and Hamas. European rapeseed and Malaysian palm oil were also higher to start the day. The Canadian […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was sharply higher on Thursday, as a rally in the Chicago soy complex provided spillover support. Updated supply/demand estimates from the United States Department of Agriculture provided the catalyst for the gains in soybeans, with average U.S. yields at the […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, with gains in the front months and losses in the more deferred positions. Positioning ahead of the United States Department of Agriculture’s monthly supply/demand report, out at 11:00 CDT, was a feature with any surprises […] Read more

WINNIPEG – The ICE futures canola market was mixed on Thursday morning, in part due to rising soybean and crude oil prices. Positioning ahead of the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates, out later in the day, accounted for some of the activity. Chicago soyoil was down and European rapeseed was mostly lower […] Read more

WINNIPEG, Oct. 11 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday but managed to uncover some support to end off its lows for the session. Tuesday’s close below C$710 per tonne in the nearby November contract was bearish from a technical standpoint, although the next psychological support held at C$700 per tonne. […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 11 (MarketsFarm) – The ICE Futures canola market was slightly weaker at midday Wednesday in thin and choppy activity. Tuesday’s close below C$710 per tonne in the nearby November contract was bearish from a technical standpoint, encouraging some follow-through selling. However, the next psychological support was holding at […] Read more

WINNIPEG – The ICE Futures canola market experienced small losses on Wednesday morning despite relatively larger ones for comparable oils. Chicago soyoil and Malaysian palm oil were both down while European rapeseed was mostly lower. Crude oil was also in the red to start the day. Exxon Mobil Corp. announced today it will purchase Pioneer […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 10 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, falling below nearby chart support as losses in outside markets weighed on values. Chicago soyoil futures fell sharply lower on Monday when Canadian markets were closed for Thanksgiving and remained pointed lower on Tuesday. European rapeseed […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 10 (MarketsFarm) – The ICE Futures canola market was weaker in heavy trading volumes at midday Tuesday, falling below nearby chart support as activity resumed following the Thanksgiving long weekend. Canadian markets were closed Monday while grains and oilseeds in the United States traded their usual hours. Chicago […] Read more