Futures

WINNIPEG – The ICE Futures canola market was mostly lower on Friday, pressured by gains in the Canadian dollar and negative sentiment in vegetable oils. While Chicago soyoil was up, European rapeseed and Malaysian palm oil both dropped sharply. Crude oil, however, nearly gained US$2 per barrel despite being on track for a sixth-straight monthly […] Read more

WINNIPEG – The ICE Futures canola market extended Thursday’s losses, pressured by the loonie and negative sentiment in vegetable oils. While Chicago soyoil was up, European rapeseed and Malaysian palm oil both sharply dropped. Crude oil, however, gained US$1 per barrel despite being on track for a sixth straight monthly loss. One analyst said that […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, getting mixed support from comparable oils. The only gain was in the very lightly traded March 2024 contract. While there were gains in Chicago soybeans and soymeal, soyoil was a pinch lower. Malaysian palm oil was […] Read more

WINNIPEG – The ICE Futures canola market had its worst day in months on Thursday, while following the lead of vegetable oils. Chicago soyoil and European rapeseed both had major downturns, while Malaysian palm oil was also in the red. However, crude oil moved upward. Statistics Canada (StatCan) released its first survey-based seeding intentions report […] Read more

WINNIPEG – The ICE Futures canola market took a tumble at midday on Thursday, following the lead in vegetable oils. Chicago soyoil and European rapeseed both had major downturns, while Malaysian palm oil was also in the red. However, crude oil was struggling to find direction. Statistics Canada (StatCan) released its first survey-based seeding intentions […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, getting pressure from other vegetable oils. The Chicago soy complex and European rapeseed were down moderately, while Malaysian palm oil incurred steeper declines. Small upticks in global crude oil prices were trying to temper further losses […] Read more

WINNIPEG — The ICE Futures canola market moved upwards on Wednesday after Statistics Canada (StatCan) released its first survey-based seeding intentions report for 2023-24. Only the nearby May contract moved lower as traders exited the front month ahead of its expiry. StatCan estimated that 21.6 million acres will be used to grow canola, at the […] Read more

WINNIPEG – The ICE Futures canola market moved upwards on Wednesday hours after Statistics Canada (StatCan) released its first survey-based seeding intentions report for 2023-24. StatCan estimated that 21.7 million acres will be used to grow the oilseed, at the lower end of trade expectations. One analyst said that the report had some effect on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to higher on Wednesday morning, following the release of the Statistics Canada (StatCan) report on prospective plantings for 2023/24. StatCan pegged canola acres just short of 21.60 million, nudging up 0.9 per cent over last year. Total wheat acres […] Read more

WINNIPEG — The ICE Futures canola market was lower on Tuesday following a sharp decline in crude oil. Crude oil fell by nearly US$2 per barrel on Tuesday due to weakened demand. In turn, European rapeseed and Malaysian palm oil were also down with the latter resuming trading after a holiday. At mid-afternoon, the Canadian […] Read more