Futures

By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed Friday on a positive note after spending the week contending with losses. Support for the Canadian oilseed came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Although upticks in global crude oil prices have faded […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday due to support from comparable oils. “It’s hard to try to drag canola down further without outside direction. The outside markets are firmer this morning,” a trader explained. There were gains in the Chicago soy complex, European […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 26 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, seeing a modest recovery amid ideas recent losses were overdone. Gains in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm oil also up overnight. Canada exported 128,600 tonnes of canola during the week […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued lower on Thursday as weaker global crude oil prices put pressure on the vegetable oils. While there were upticks in Chicago soyoil, they faded from earlier gains. European rapeseed and Malaysian palm oil were higher on the day. Chicago soybeans […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday as the front months lost their gains from earlier this morning. There are really no big drivers around right now,” a trader commented, but took umbrage with the speculative activity. “They’re just playing canola off of the […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 25 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, recovering from overnight losses as gains in Chicago soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were also higher. Good seeding progress across the Prairies and improving moisture conditions in some areas accounted […] Read more

WINNIPEG – Intercontinental Exchange (ICE) canola futures finished lower on Wednesday as gains in the Chicago soy complex faded. While the soybeans ended the day mixed, soymeal was lower, and soyoil pulled back from its earlier highs but remained positive. Support came from upticks in European rapeseed and Malaysian palm oil. Increases in global crude […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures was trying to gain traction on Wednesday as there was spillover from gains in comparable oils. There were small gains in canola’s old crop July contract while the new crop positions were lower. There were increases in the Chicago soy complex, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 24 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, with speculative selling a feature. The nearby July contract dipped back below the psychological C$700 per tonne level, which was bearish from a chart standpoint. New crop November was also testing contract lows. Good seeding progress […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Tuesday after trading resumed after being closed for Victoria Day. The only gain was in the old crop July contract. There was two to three inches of rain in Alberta over the long weekend, with some parts […] Read more