Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 6 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Friday, seeing some consolidation ahead of the weekend. Canadian markets will be closed Monday for Thanksgiving. The nearby November contract continued to test chart support at C$710 per tonne, with an early move below that […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 6 (MarketsFarm) – Intercontinental Exchange canola futures slipped back on Friday morning in choppy trading. While there were gains in Chicago soyoil and European rapeseed, losses in Malaysian palm oil as well as Chicago soybeans and soymeal weighed on values. Global crude oil prices were slightly higher, offering some […] Read more

WINNIPEG, Oct. 5 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at Thursday’s close after moving to both sides of unchanged in choppy activity. The nearby November contract managed to settle above support at C$710 per tonne after trading below that key chart point earlier in the day. Losses in Chicago soyoil put […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 5 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, falling below nearby support which encouraged additional speculative selling. The nearby November contract was trading back below C$710 per tonne, hitting fresh three-month lows with the next support at the psychological C$700 per tonne level. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 5 (MarketsFarm) – Intercontinental Exchange canola futures continued to peel back on Thursday morning, due to pressure from weaker comparable oils. There were declines in the Chicago soy complex, European rapeseed and Malaysian palm oil. As global crude oil prices slipped, they weighed on vegetable oils. Speculative selling also […] Read more

WINNIPEG, Oct. 4 (MarketsFarm) – The ICE Futures canola market moved lower on Wednesday, as losses in crude oil and world vegetable oil markets, including Chicago soyoil, weighed on values. Speculative selling contributed to the declines, although the November contract managed to hold above the psychological C$710 per tonne level. Seasonal harvest pressure was another […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 4 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, as losses in crude oil and world vegetable oil markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower on the day, “and there’s no way canola can withstand […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 4 (MarketsFarm) – Intercontinental Exchange canola futures were mostly lower in choppy trading on Wednesday morning, with losses in most comparable oils. Chicago soybeans and soyoil moved to the downside, while soymeal was higher. European rapeseed gave up some ground, but Malaysian palm oil made small gains. Declines in […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 3 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, recovering off nearby lows as activity resumed after Monday’s closure for the National Day for Truth and Reconciliation. While the Chicago soy complex posted small losses on Tuesday, soyoil futures were up sharply yesterday when the […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 3 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, playing catch-up with Chicago soyoil and soybeans which were stronger Monday when the Canadian market was closed for the National Day for Truth and Reconciliation. However, the soy complex was softer on Tuesday which tempered […] Read more