Futures

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

By Glen Hallick, MarketsFarm WINNIPEG, June 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday in extremely heavy trading. However, the gains faded from much larger increases earlier in the session. Rising concerns over dry conditions in Canada and the United States fueled much of the sharp upswings on the market. That […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were surging upward in very heavy trading at midday Friday. That’s due to growing concerns about dry crop conditions on the Canadian Prairies and the United States Corn Belt. “The forecast is indicating drier that normal to the end of June,” […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 16 (MarketsFarm) – The ICE Futures canola market was sharply higher Friday morning, seeing follow-through buying interest after Thursday’s rally. Both the old crop July and the new crop November contracts moved above key moving averages, contributing to the speculative buying interest. Gains in the Chicago soy complex […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Thursday, due to spillover from a spike in the Chicago soy complex. Additional support was garnered from upticks in European rapeseed and Malaysian palm oil. Good increases in crude oil prices spilled over into vegetable oils. Yesterday’s interest […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Thursday, as they benefitted from a strong upswing in the Chicago soy complex. “It’s a good day in the market. I think this is a pivot off of the Fed from yesterday,” commented an analyst. On Wednesday, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 15 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, moving back above C$700 per tonne in the nearby July contract for the first time in nearly a month. The new crop November contract was testing key chart resistance at C$680 per tonne, with a move […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, due to mixed support from comparable oils. There were sharp declines in European rapeseed while Malaysian palm oil advanced and Chicago soyoil turned around to push higher. Chicago soybeans were mixed and soymeal stepped back. After crude […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Wednesday, with the losses in the new crop months. Pressure came from declines in Chicago soyoil and European rapeseed, while increases in Malaysian palm oil offered support. Chicago soybeans were mixed, and soymeal was down a […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 14 (MarketsFarm) – The ICE Futures canola market was slightly weaker Wednesday morning, seeing some consolidation after trending higher for the past two weeks. Losses in the Chicago soy complex accounted for some spillover selling pressure in the Canadian oilseed, with sharp declines in European rapeseed also weighing […] Read more