Futures

WINNIPEG – The ICE Futures canola market continued its upward trajectory on Wednesday morning, receiving support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher to start the day. Crude oil also made gains as the United States Bureau of Labor Statistics reported that the country’s inflation rate dropped by […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 11 (MarketsFarm) – The ICE Futures canola market was mixed at Tuesday’s close, with small gains in the front months and a steady to softer tone in the more deferred positions. The most-active November contract hit a session high of C$793.50 per tonne but ran into resistance to […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 11 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Tuesday, seeing some follow-through buying interest after Monday’s rally. Chart-based buying contributed to the gains, as canola tested major resistance levels to the upside. Advances in Chicago soybeans and European rapeseed futures provided spillover support, […] Read more

WINNIPEG – The ICE Futures canola market incurred gains on Tuesday morning to go along with the mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were lower to start the day, but European rapeseed was higher. Crude oil was also up due to supply cuts from Saudi Arabia and Russia but economic […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, moving above some key technical levels as gains in outside markets provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, with tightening palm oil stocks behind some of […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was sharply higher a midday Monday, hitting fresh four-month highs. Bullish chart signals contributed to the gains, as the November contract climbed above its 200-day moving average around C$770 per tonne and psychological resistance at C$780. An analyst noted that […] Read more

By MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, due to small declines in crude oil prices. As of 8:41 am CDT, the loonie was at US$0.7521 or C$1.3296, compared to Friday’s close of US$0.7523 or US$1=C$1.3292. On the U.S. Dollar Index, the greenback bumped up 0.090 of […] Read more

WINNIPEG – The ICE Futures canola market made a big jump to start the week, fuelled by rising prices in the Chicago soy complex. Chicago soyoil is higher, as well as European rapeseed and Malaysian palm oil. However, crude oil was lower as persistent recession concerns outweighed supply cuts. The Canadian dollar was steady compared […] Read more

SOYBEAN futures at the Chicago Board of Trade were weaker on Friday, feeling pressure from soymeal and soyoil. The United States Department of Agriculture published its export sales report and for the week ended June 29 old crop soybeans came to 187,800 tonnes and new crop sales were 592,800 tonnes. Trade expectations called for 100,000 […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, due to losses in the Chicago soy complex. Declines in European rapeseed and Malaysian palm oil placed additional pressure on the Canadian oilseed. Meanwhile upticks in global crude oil prices tempered further losses in the vegetable […] Read more