Futures

WINNIPEG — The ICE Futures canola market was narrowly mixed with positive sentiment on Tuesday. Chicago soyoil and European rapeseed were down, but Malaysian palm oil was higher. Crude oil was edged upward on Tuesday after Monday’s price hikes. Kurdistan and Iraq have resolved their impasse and the former will resume oil exports this week. […] Read more

WINNIPEG – The ICE Futures canola market was easing off at midday Tuesday in a correction from Monday’s gains. Chicago soyoil and European rapeseed were down, but Malaysian palm oil was higher. Crude oil was slightly lower after Monday’s price hikes due to OPEC+ decision to severely cut production starting in May. Kurdistan and Iraq […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday morning due to a lack of support from most other vegetable oils. There were losses in Chicago soybeans and soymeal, while soyoil was relatively steady. Also, European rapeseed was lower, but some support came from gains in […] Read more

WINNIPEG – The ICE Futures canola market made gains for the seventh time in eight sessions after OPEC+ members announced on Sunday they will cut crude oil production by more than one million barrels per day starting in May. Speculative short covering also contributed to the rising prices. Crude oil was up more than US$5 […] Read more

WINNIPEG – The ICE Futures canola market was surging on Monday, the day after OPEC+ members announced they will cut crude oil production by more than one million barrels per day starting in May. Crude oil was up more than US$4 per barrel in response to the reduced output. The upcoming production cuts also supported […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were up sharply on Monday morning due to a spike in global crude oil prices. The OPEC+ alliance announced this morning they were cutting their oil production by 1.16 million barrels per day starting in May and going throughout the rest […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures returned to the green side on Friday. An analyst said canola began to shed its losses from Thursday in the overnight session. There was spillover from gains in the Chicago soy complex, especially a spike in soyoil. European rapeseed made significant […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were bouncing back at midsession on Friday, with the gains starting in the overnight session. Strong upticks in Chicago soybeans and soyoil provided support for canola, while soymeal was down a little. Increases in European rapeseed also spilled over, but pressure […] Read more

WINNIPEG – The ICE Futures canola market sought to end the month on a high note after its five-day rally ended on Thursday. While Malaysian palm oil was down, Chicago soyoil and European rapeseed were higher. Crude oil continued to make slight gains as exports from the Iraqi province of Kurdistan remained at a standstill. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures ended its rally on Thursday when prices gave up gains made in the morning. A trader warned that other vegetable oils were beginning to run into resistance. He commented that with spring planting approaching the markets will now watch the weather […] Read more