Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was posting small losses Thursday morning, seeing some consolidation after Wednesday’s gains. Losses in Chicago soybeans accounted for some spillover selling pressure in the Canadian oilseed, with recent weakness in crude oil also bearish for the agricultural markets in general. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, after starting the session to the downside. Support for canola came from upticks in Chicago soybeans and soyoil, while pressure came from soymeal. Losses in European rapeseed also weighed on values while the Malaysian palm oil market […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures swung higher at midday Wednesday, gleaning support from gains in Chicago soyoil. Only the very sparsely traded May 2024 was down slightly. Canola ended overnight trading on a mixed note, and shortly after today’s session began, prices for old and new […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 3 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged overnight, with the bias turning lower Wednesday morning with the largest losses in the new crop November contract. The widening old/new crop spread was a feature of the activity, as attention turns to the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, although the gains in the new crop contracts faded. A trader said weakness in the Canadian dollar lent support to canola. At mid-afternoon on Tuesday, the loonie was at 73.41 U.S. cents, compared to Monday’s close of […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday due to a weaker Canadian dollar, according to a trader. “It seems to be getting most of its support from the Canadian dollar. Sometimes the dollar will have an immediate influence on canola,” he commented. The […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 2 (MarketsFarm) – The ICE Futures canola market was posting solid gains Tuesday morning, seeing a continuation of Monday’s recovery off nearby lows. Strength in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm oil futures also higher as activity resumed in those markets after May […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Monday, with modest gains in the old crop months, while the new crop positions were steady to lower. Pressure on the Canadian oilseed not only came from declines in global crude oil prices, but also from the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, as an analyst said the failure of the First Republic Bank in the United States was, “clouding the markets across the board.” To stave off the worse of the failure’s repercussions, federal regulators in the U.S. […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 1 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, seeing a continuation of the selling pressure that weighed on prices the previous week and testing chart support to the downside. Losses in Chicago soyoil accounted for some spillover weakness in the Canadian oilseed. Many outside […] Read more