Futures

WINNIPEG – The ICE Futures canola market continued its ongoing rise, on track for a sixth straight positive session. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher in the middle of trading. However, crude oil was lower due to underwhelming Chinese economic data and a restart in production at the Sharara oil […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Monday morning, with losses in the lightly-traded, more deferred positions. As canola’s front months continued to climb well past the psychological level of C$800 per tonne, there were notions in the trade that it’s becoming overbought. Meanwhile, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 14 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Friday, settling higher in the most active months. While overbought price sentiment and losses in Chicago soyoil pressured the market throughout the session, the path of least resistance remained pointed higher for canola. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – The ICE Futures canola market was showing small losses at midday Friday, seeing a modest correction as traders squared positions ahead of the weekend. Ideas that the market was starting to look overbought from a chart standpoint accounted for some of the selling pressure, with losses […] Read more

WINNIPEG – The ICE Futures canola market was slightly lower on Friday morning. Chicago soyoil and Malaysian palm oil were both higher, but European rapeseed was down. Crude oil prices eased off after the International Energy Agency lowered its demand projections for later in the year. The Canadian dollar was steady compared to Thursday’s close, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 13 (MarketsFarm) – The ICE Futures canola market was mostly higher on Thursday, hitting its strongest levels in six months as bullish chart signals, production uncertainty and spillover from outside markets all provided support. Concerns over continued dryness across much of the Prairies were supportive, with little precipitation […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 13 (MarketsFarm) – The ICE Futures canola market continued its steady uptrend at midday Thursday, hitting its highest levels since February as bullish technical signals kept speculators on the buy side. Concerns over continued dryness across much of the Prairies and the need for end users to secure […] Read more

WINNIPEG – The ICE Futures canola market has surpassed the C$800 per tonne mark despite mixed sentiment in comparable oils. Chicago soyoil was up, but Malaysian palm oil was lower and European rapeseed was mostly lower. Crude oil only gained a few cents with help from easing inflation in the United States. The Canadian dollar […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG – The ICE Futures canola market managed to show some independent strength on Wednesday, holding onto solid gains despite losses in the Chicago soy complex. Dryness concerns across the Prairies, especially in Alberta and Saskatchewan, contributed to the gains as yields are unlikely to live up to earlier expectations. […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 12 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Wednesday, nearing major chart resistance as traders adjusted positions ahead of the latest monthly supply/demand estimates from the United States Department of Agriculture. The most-active November contract was testing the psychological C$800 per tonne […] Read more