Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was sharply lower at midday Monday, taking some direction from a selloff in the Chicago soy complex. Month-end positioning was likely behind much of the activity, as speculative money was “flushing out of the market”, according to a trader who […] Read more

WINNIPEG – The ICE Futures canola market took a tumble to begin the week, falling below the C$800 per tonne mark for the first time since July 13. Canola followed the lead of Chicago soyoil, European rapeseed and Malaysian palm oil which all dropped in price. Crude oil was higher on stronger demand and incoming […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – On this second last day of the 2022/23 marketing year, Intercontinental Exchange (ICE) canola futures fell back on Friday, caught up in a sell-off throughout the commodities. However, the Canadian oilseed did not drop below its current support level of C$800 per tonne in the most […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures fell back at midday Friday, however the declines remained above the C$800/tonne support level. “The markets are in a ‘I’m going to sell stuff before the weekend’ mode,” an analyst commented. Canola was firmly on track to close lower two days […] Read more

WINNIPEG – The ICE Futures canola market began the session lower on Friday as a part of overall weakness on the markets. Canola hasn’t had two consecutive negative sessions in a month. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red to start the day. Crude oil was also in negative […] Read more

WINNIPEG -– For the fifth straight day, the ICE Futures canola market alternated between up-and-down sessions, following the lead of vegetable oils to end lower on Thursday. The Saskatchewan crop report noted the province’s canola, as of July 24, was 35 per good to excellent, while 58 per cent was poor to fair. August Chicago […] Read more

WINNIPEG – The ICE Futures canola market returned to a selloff on Thursday, following weakness in vegetable oils. August Chicago soyoil nearly lost two U.S. cents per pound, while Malaysian palm was also down and European rapeseed was mostly lower. Crude oil was up more than US$1 per barrel after another decline in United States […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday morning, following declines in Chicago soyoil, European rapeseed and Malaysian palm oil. There was some support for canola coming from gains in Chicago soybeans and soymeal. Global crude oil prices were moderately higher, with spillover going into […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, despite losses in comparable oils. A trader speculated that the spreaders were responsible for today’s upswing in canola, by selling their soyoil and acquiring the Canadian oilseed. The trader said the market is very likely to turn […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were up slightly at midday Wednesday, with a trader suspecting the spreaders being behind the gains. “They’re in the mode to buy canola and sell soyoil,” the trader commented, noting that until today canola lost about C$60 to C$70 per tonne […] Read more