Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, seeing a corrective bounce after posting losses the previous five sessions. Chart-based positioning was a feature amid ideas the recent losses were looking overdone. Gains in Chicago soybeans, along with concerns over hot and dry Prairie […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing a recovery after recent declines. “We were due for a bounce in canola,” said an analyst, noting that the November contract was correcting off its 30 per cent retracement level after trending lower for […] Read more

WINNIPEG – The ICE Futures canola market was rebounding on Thursday morning after five straight days of declines, while there was mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was higher. Crude oil made gains ahead of OPEC+’s virtual summit on Friday which will review upcoming supply […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 2 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday, as improving yield prospects and a lack of significant end user demand weighed on values. Losses in Chicago soybeans also accounted for some spillover pressure in the Canadian oilseed, although soyoil was mixed and European rapeseed […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 2 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, posting losses for the fifth-straight session as bearish technical signals kept speculators on the sell side of the market. Losses in Chicago soybeans accounted for some spillover pressure in the Canadian oilseed, although soyoil held […] Read more

WINNIPEG – The ICE Futures canola market was mostly higher on Wednesday morning with mixed sentiment in comparable oils. Chicago soyoil was down, as well as European rapeseed, but Malaysian palm oil was higher. Crude oil was also up due to a large draw from United States stockpiles. The Canadian dollar was down two-tenths of […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 1 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, although well off its session lows after uncovering support to the downside. Speculative positioning and improving moisture conditions in parts of Western Canada contributed to the declines. Follow-through selling after Monday’s decline accounted for some of […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Aug. 1 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff. Speculative positioning was a feature, with losses in Chicago soyoil and improving moisture conditions in parts of the Prairies adding to the softer tone in canola. The November contract […] Read more

WINNIPEG – At the start of the new month and a new marketing year, the ICE Futures canola market fell further below the C$800 per tonne mark despite mixed sentiment in comparable oils. Rains and thunderstorms are in the forecast today for growing areas in Manitoba and Saskatchewan as well as northern Alberta. Chicago soyoil […] Read more

WINNIPEG- The ICE Futures canola market fell sharply lower on the final trading day of the 2023/24 (Aug/Jul) marketing year, as speculative positioning weighed on values. Sharp declines in the Chicago soy complex contributed to the bearish tone in canola, with European rapeseed and Malaysian palm oil futures also lower on the day. Strength in […] Read more