Futures

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

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, seeing follow-through speculative selling after Wednesday’s downturn. Losses in Chicago soyoil, European rapeseed and Malaysian palm oil contributed to the weaker tone in canola. Relatively favoruable Prairie seeding weather also weighed on values, with farmers thought […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, seeing a continuation of the selling pressure that came forward late in Wednesday’s session. A ‘risk off’ sentiment in outside macro markets accounted for some of the spillover weakness in canola, with losses in European […] Read more

WINNIPEG – The ICE Futures canola market was lower on Thursday morning following the lead of comparable oils. Crude oil was down approximately US$1 per barrel after ADES International postponed its initial public offering to the second half of 2023. Chicago soyoil, European rapeseed and Malaysian palm oil were also lower. The Canadian dollar lost […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market settled lower on Wednesday after posting gains for most of the session. Speculative positioning and concerns over tight old crop supplies supported canola prices for most of the day, as the market saw some spillover buying interest after Tuesday’s gains. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Wednesday, showing independent strength in the face of losses in many outside markets. “Somebody is buying back positions,” said an analyst, noting that the advances in canola were “a long-awaited adjustment that needed to happen… […] Read more

WINNIPEG – The ICE Futures canola market showed some strength on Wednesday morning despite weakness in comparable oils. European rapeseed was mostly lower, while Chicago soyoil and Malaysian palm oil were both lower to start the day. Crude oil also went down slightly after three days of gains. The United States Bureau of Labor Statistics […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 9 (MarketsFarm) – The ICE Futures canola market was higher at Tuesday’s close after posting losses for most of the session as chart-based positioning came forward to provide support. Declines in crude oil had spilled into world vegetable oil markets, with losses in Chicago soyoil accounting for some […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 9 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, taking some direction from losses in outside markets. Declines in crude oil were spilling into world vegetable oil markets, with Chicago soyoil down sharply at midday. Concerns over a diplomatic dispute between Canada and China […] Read more

WINNIPEG – The ICE Futures canola market was lower to begin the day, following the lead of comparable oils. Chicago soyoil and European rapeseed were both down while Malaysian palm oil was mixed. Crude oil was also losing ground this morning. The Canadian dollar was down nearly one-quarter of a United States cent compared to […] Read more