Futures

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday following the release of today’s Statistics Canada production estimates. The model-based principal field crop report pegged canola production for 2023/24 at 17.56 million tonnes, down from last year’s nearly 18.70 million. The average trade guess going […] Read more

WINNIPEG – The ICE Futures canola market moved upwards on Tuesday immediately after Statistics Canada (StatCan) released its first model-based supply/demand estimates of the 2023-24 marketing year. The central data agency projected canola production at 17.561 million tonnes, slightly higher than pre-report trade expectations and 1.13 million less than the 2022-23 total. The loss in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures failed to recover from sudden losses on Monday, due to insufficient support from comparable oils. While Chicago soybeans and soymeal were higher, soyoil was relatively steady. European rapeseed was slightly higher and there were small losses in Malaysian palm oil. Global […] Read more

  By Glen Hallick, MarketsFarm WINNIPEG, Aug. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Monday as the latest rally in the Canadian oilseed was in its fourth session. Canola was getting help from spillover in higher values for Chicago soybeans and soyoil, along with European rapeseed. Malaysian palm oil and […] Read more

WINNIPEG – The ICE Futures canola market was up to begin the week while comparable oils were showing mixed sentiment. Chicago soyoil and Malaysian palm oil were lower, while European rapeseed was higher. Crude oil was on both sides of unchanged due to new economic stimuli in China and fears of further monetary tightening in […] Read more

WINNIPEG — Despite some late-day weakness, the ICE Futures canola market ended Friday slightly higher, receiving support from the Chicago soy complex and comparable oils. Chicago soyoil and soymeal were up, as well as Malaysian palm oil and European rapeseed. Crude oil was also higher after comments from U.S. Federal Reserve chair Jerome Powell indicated […] Read more

WINNIPEG – The ICE Futures canola market sought to end the week on a high note, receiving support from the United States soy complex and comparable oils. Soybeans as well as Chicago soyoil and soymeal were up, as well as Malaysian palm oil. European rapeseed was lower on the nearby contracts but higher on the […] Read more

WINNIPEG, Aug. 25 (MarketsFarm) –  Canola futures on the Intercontinental Exchange were pushing higher on Friday morning, getting spillover from sharp upticks in Chicago soyoil. Additional support came from gains in Chicago soybeans and soymeal, as well as Malaysian palm oil and European rapeseed. Increases in global crude oil prices underpinned the vegetable oils. Other […] Read more

WINNIPEG -– The ICE Futures canola market was higher on Thursday, coinciding with mixed sentiment in comparable oils. European rapeseed was on either side of steady, while Malaysian palm oil was mostly higher and Chicago soyoil was lower. Crude oil was also down due to economic concerns in China and new supplies incoming from Iran […] Read more

WINNIPEG – The ICE Futures canola market was mixed on Thursday, coinciding with similar sentiment in comparable oils. European rapeseed and Malaysian palm oil were mostly higher, while Chicago soyoil was down by more than one United States cent per pound. Crude oil was also lower due to economic concerns in China and new supplies […] Read more