Futures

WINNIPEG – The ICE Futures canola market continued its prolonged selloff, going along with weakness in comparable oils to start the week. Chicago soyoil was also in the decline, as well as European rapeseed and Malaysian palm oil. The collapse of Silicon Valley Bank has rattled the markets, including crude oil prices which are already […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday, with double-digit declines in the old crop months. A trader said there’s a selloff in the oilseed markets, noting that losses in canola are “just a continuation of the trend.” “For now it’s breaking out of the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were falling back by double-digits at midsession on Friday, as the sell-off in the oilseed markets continued. “The bears are coming out in full force, and this is snowballing to the downside,” a trader stated, noting there’s a good amount of […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, as bearish chart signals weighed heavily on values and speculators remained on the short side of the market. Thursday’s break below C$800 per tonne in the May contract did damage from a technical standpoint, with the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday, getting pressure from sharp declines in Chicago soyoil and European rapeseed. Chicago soybeans were modestly lower, but there was support from upticks in Malaysian palm oil. Pull backs in global crude oil prices added to the pressure […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were falling back at midsession on Thursday, busting through the C$800 per tonne support level. Pressure on the Canadian oilseed was coming from weakness in the Chicago soy complex and European rapeseed. However there was a good upswing in Malaysian palm […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 9 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing a continuation of its downtrend of the past week. Chart-based speculative selling was a feature as the most-active May contract nears the psychological C$800 per tonne level. Losses in European rapeseed futures also weighed on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, due in part to an increase in farmer selling. Also, canola was pressured by declines in European rapeseed, Malaysian palm and Chicago soymeal. Upticks in Chicago soybeans and soyoil helped to stem further losses in the Canadian […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Wednesday, as growers have become interested in selling. “They’ve sat through the winter on canola, and then they haven’t done any new crop pricing,” a trader commented, noting that current prices are still pretty good. However, […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling after Tuesday’s downturn despite a firmer tone in the Chicago soy complex. Damage was done from a chart standpoint during Tuesday’s selloff, with the May canola contract falling below nearby chart support […] Read more