ICE Midday: Canola treading above water

WINNIPEG – The ICE Futures canola market struggled to find direction on Tuesday, following the lead of vegetable oils. Chicago soyoil took a large drop, but European rapeseed and Malaysian palm oil were both slightly weaker. Crude oil prices advanced one day prior to the United States Federal Reserve’s meeting which will decide on any […] Read more

ICE Canada Morning Comment: Canola pushing higher

Support from soybeans and soymeal

By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, as the oilseed seeks to end its stretch of losses. Support came from gains in Chicago soybeans and soymeal, but soyoil is narrowly mixed. European rapeseed was mixed as well and Malaysian palm oil was relatively […] Read more


North American Grain/Oilseed Review: Canola down, soybeans up

WINNIPEG – The ICE Futures canola market was down on Monday as the May contract passed below the psychological C$740 per tonne level. While Chicago soyoil moved upwards, European rapeseed and Malaysian palm oil were both down. Crude oil was slightly higher after market concerns were eased with the announcement of UBS’s purchase of beleaguered […] Read more

ICE Midday: Canola starts week in the red

WINNIPEG – The ICE Futures canola market went down on Monday morning as the May contract approaches the psychological C$740 per tonne level. While Chicago soyoil moved upwards, European rapeseed and Malaysian palm oil were down. Crude oil is slightly lower after market concerns were eased with the announcement of UBS’s purchase of beleaguered rival […] Read more


ICE Canada Morning Comment: Banking uncertainty weighs on oilseeds

Markets struggling despite UBS acquiring Credit Suisse

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to fall back on Monday morning due to uncertainty in the global banking system. The recent failures of two United States banks and the near collapse of Credit Suisse has shaken up the world markets, even with Swiss bank UBS […] Read more

North American Grain/Oilseed Review: Canola lower to end week

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 17 (MarketsFarm) – The ICE Futures canola market was lower at Friday’s close as an attempt at extending Thursday’s recovery higher failed to gain traction. Losses in outside markets, including Chicago soyoil and European rapeseed futures, accounted for some spillover selling pressure in the Canadian oilseed. However, while […] Read more


ICE canola still down at midday, but well off session lows

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 17 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, as losses in outside markets spilled over to weigh on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower, with continued weakness in crude oil weighing on world vegetable oil markets. […] Read more

ICE canola back on the slide

WINNIPEG – The ICE Futures canola market returned to the red Friday morning after ending a 10-day slide on Thursday. Chicago soyoil was down, as well as European rapeseed and Malaysian palm oil. Crude oil was also lower as it is on track for its worst week this year due to multiple banking crises. The […] Read more



ICE Midday: Canola down for 10th straight day

WINNIPEG – The ICE Futures canola market was on track for its 10th consecutive negative session on Thursday, despite mixed sentiment in comparable oils. Chicago soyoil was up, while European rapeseed and Malaysian palm oil were both down. After going into freefall on Wednesday, crude oil was making small gains this morning. One analyst said […] Read more