Futures

WINNIPEG – The ICE Futures canola contract kept the previous day’s downward momentum on Tuesday, mainly pressured by a stronger loonie. The Canadian dollar was up one half of a United States cent compared to Monday’s close. Statistics Canada reported this morning that the country’s inflation rate jumped to four per cent in August, exceeding […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures took a hard hit on Monday, pulled down by weakness in the Chicago soy complex. Additional pressure came from losses in European rapeseed and Malaysian palm oil. Although global crude oil prices were modestly higher, an analyst stressed there’s now essentially […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Monday, as the vegetable oils moved lower while crude oil prices climbed higher. As crude oil pushed upward with West Texas Intermediate around US$92 per barrel, there was weakness in the Chicago soy complex, European rapeseed and […] Read more

WINNIPEG – After three straight positive sessions, the ICE Futures canola market did not maintain its momentum and declined with vegetable oils. Chicago soyoil and Malaysian palm oil were both down to start the day, while European rapeseed was mostly lower. However, losses were tempered due to gains made in crude oil. The Canadian dollar […] Read more

WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, recovering from early losses as traders adjusted positions ahead of the weekend. The move back above C$760 per tonne in the November contract was bullish from a chart standpoint, bringing in some additional speculative buying interest. Thursday’s tighter production forecast from […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was recovering from earlier losses at midday Friday, posting gains in most months as participants adjusted positions ahead of the weekend. Seasonal harvest pressure weighed on values, with relatively favourable Prairie weather forecasts likely to lead to good progress over […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Canola futures on the Intercontinental Exchange fell back on Friday morning, as pressure came from losses in the Chicago soy complex and  European rapeseed. Small declines in global crude oil prices also pulled the vegetable oils lower. However, gains in Malaysian palm oil helped to temper […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, continuing to correct off nearby lows as a tightening production number from Statistics Canada provided some support. Canada’s 2023/24 canola crop was estimated at 17.4 million tonnes by the government agency. That was down by 200,000 […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing a continuation of Wednesday’s turn higher as a downward revision to Statistics Canada’s production estimate provided support. The government agency pegged the 2023/24 canola crop at 17.4 million tonnes, which was down by 200,000 […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – Canola futures on the Intercontinental Exchange were slightly higher on Thursday morning, following the release of the updated production report from Statistic Canada. In StatCan’s second model-based report, canola production for 2023/24 was trimmed to 17.37 million tonnes from the 17.56 million estimated in August. However, […] Read more