ICE Canada Morning Comment: Upticks in the nearby contracts

Support for veg oils coming from crude oil

By Glen Hallick, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the nearby contracts on Wednesday morning while the more deferred positions were lower. The Chicago soy complex was lower, as were European rapeseed and Malaysian palm oil. Slight upticks in global crude oil prices helped to temper further […] Read more



ICE Midday: Canola mixed, showing independence

WINNIPEG – The ICE Futures canola market was mixed on Tuesday despite a major downturn in the Chicago soy complex and vegetable oils. Chicago soyoil lost nearly two United States cents per pound, while Malaysian palm oil was down and European rapeseed was mostly lower. Crude oil showed some slight weakness as Chinese economic concerns […] Read more

ICE Canada Morning Comment: Canola on the rise with little support

Comparable oils grinding lower

By Glen Hallick, MarketsFarm WINNIPEG, May 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning despite a lack of support from comparable oils. Pressure on canola came from declines in the Chicago soy complex, European rapeseed and Malaysian palm oil. Global crude oil prices were up a pinch, which lent a […] Read more



ICE Midday: Canola jumps to start week

WINNIPEG – The ICE Futures canola market was on the rise in the middle of trading on Monday, receiving spillover from other markets. Chicago soyoil was higher while Malaysian palm oil was lower. Nearby contracts for European rapeseed were up, while deferreds were down. Crude oil was up more than US$1 per barrel despite fears […] Read more


ICE Canada Morning Comment: Canola climbing with comparable oils

Dry conditions across western Prairies

By Glen Hallick, MarketsFarm WINNIPEG, May 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, receiving support from upticks in the Chicago soy complex. However, European rapeseed and Malaysian palm oil were lower. Small increases in global crude oil prices lent support to the vegetable oils. As spring seeding continues across […] Read more



ICE canola weaker ahead of USDA report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, as chart-based speculative selling weighed on values for the third session in a row. Losses in most outside markets, including Chicago soyoil and European rapeseed, contributed to the selling pressure in canola. However, Malaysian palm oil […] Read more

ICE canola eases off

WINNIPEG – The ICE Futures canola market was showing some weakness on Friday morning to go along with mixed sentiment in comparable oils. While Chicago soyoil was slightly lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was up on speculation the United States could start refilling its Strategic Petroleum Reserve […] Read more