Futures

WINNIPEG – The ICE Futures canola market was trading lower on Thursday following extended losses in crude oil. Despite a 4.5 million barrel draw in United States stockpiles last week, according to the Energy Information Administration (EIA), economic pessimism helped bring crude oil prices down. Chicago soyoil was steady, European rapeseed was down and Malaysian […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market was weaker at Wednesday’s close, retreating from earlier gains in choppy activity. Losses in Chicago soyoil and European rapeseed futures accounted for some of the spillover selling pressure in canola, with chart-based positioning adding to the eventual declines. The new […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged on Wednesday, with the bias to the upside in most months at midsession. Concerns over spring seeding delays accounted for some of the strength in the new crop months, according to a trader […] Read more

WINNIPEG – The ICE Futures canola market was mixed on Wednesday morning, despite declines in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower. Crude oil also retreated by more than US$1 per barrel due to recession fears. A weather system is expected to bring between 20 to 40 centimetres of […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 18 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, seeing a continuation of Monday’s rally as speculative fund traders remained on the buy side covering some of their large net short position. Gains in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, seeing some follow-through buying interest after Monday’s gains. Fund traders are still holding large net short positions in canola and have been busy buying back some of those positions and booking profits. Gains in Chicago […] Read more

WINNIPEG – The ICE Futures canola market was adding onto yesterday’s gains on Tuesday morning due to strength in vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all on the rise, while crude oil struggled to find direction. A Colorado low is expected to bring a mix of heavy rain and snow […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 17 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, as spillover from outside markets and chart-based positioning provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, contributing to the bullish tone in canola. Speculative fund traders covering […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 17 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, as spillover from outside markets and speculative positioning provided support. Managed money fund traders reduced their net short position slightly in the latest Commitment of Traders data but were still holding a large net short […] Read more

WINNIPEG – The ICE Futures canola market was stronger to start the day, receiving spillover from vegetable oils. Chicago soyoil was higher, as well as European rapeseed and Malaysian palm oil. However, crude oil showed declines due to inflation concerns and a rising United States dollar. The Canadian dollar was down more than one-tenth of […] Read more