Futures

By MarketsFarm   WINNIPEG, June 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   New depth restrictions on vessels moving through the Panama Canal are set to go into place on Sunday, as drought conditions have resulted in shallower water. Further limits are set to go […] Read more

WINNIPEG – The ICE Futures canola market was in decline on Thursday following the lead of comparable oils. Chicago soyoil continued its selloff from Wednesday, with European rapeseed and Malaysian palm oil also in the red. Crude oil dropped US$2 per barrel after United States Federal Reserve chair Jerome Powell indicated that interest rates would […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was mostly stronger at Wednesday’s close after trading to both sides of unchanged in choppy activity. Only the old crop July contract was lower at the final bell, with intermonth spreading a feature of the activity as traders exited the […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Wednesday, reacting to conflicting outside forces. Limit-down losses in Chicago soyoil futures put some spillover pressure on the Canadian oilseed, as soyoil reacted to lower-than-expected biofuel blending requirements announced by the United States Environmental […] Read more

WINNIPEG – The ICE Futures canola market took a tumble on Wednesday morning, falling by double digits. Chicago soyoil plunged after the United States Environmental Protection Agency previewed its biofuel blending levels, showing an increase for 2023 but decreases over the next two years. European rapeseed and Malaysian palm oil both fell as well. Crude […] Read more

WINNIPEG–The ICE Futures canola market settled with small losses on Tuesday after trading to both sides of unchanged in choppy activity. The most-active November contract had gained nearly C$10 per tonne at one point before eventually running into resistance to end C$4 lower on the day. While dryness concerns in parts of Western Canada provided […] Read more

WINNIPEG – The ICE Futures canola market was stronger at midday Tuesday, but off earlier gains as a downturn in Chicago soyoil put some pressure on values. The November contract had hit a session high of C$728.60 per tonne earlier in the day but was well off that level by midday at C$720.90 per tonne. […] Read more

WINNIPEG – The ICE Futures canola market showed some strength in the July contract but was lower for the deferreds. Both European rapeseed and Malaysian palm oil were lower, as well as Chicago soyoil which resumed trading after the Juneteenth holiday. Crude oil was slightly lower over concerns stimulus measures implemented by China may be […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 19 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, seeing a continuation of Friday’s rally as bullish chart signals kept speculators on the buy side of the market. While parts of northern Alberta were getting precipitation, southern Alberta and much of Saskatchewan remains dry […] Read more

WINNIPEG – The ICE Futures canola market saw some strength in the July contract on Monday morning while the deferreds had small losses. European rapeseed was lower while Malaysian palm oil was mixed. Crude oil only had slight weakness on what will be a quiet day on the markets. Most United States markets are not […] Read more