Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 10 (MarketsFarm) – The ICE Futures canola market was mixed at Friday’s close, gains in the front months and losses in the more deferred positions. A rally in Chicago soyoil helped pull the nearby canola contracts up from earlier losses, with solid export demand also supportive. Canada exported […] Read more

WINNIPEG – The ICE Futures canola market was mixed with negative sentiment at midday Friday, pressured by a rising Canadian dollar. While Chicago soyoil made gains, European rapeseed was mostly higher and Malaysian palm oil was down. Crude oil rose by more than US$1 per barrel after Russia said it will cut its crude oil […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 10 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, with strength in the Canadian dollar accounting for some of the activity. The currency was up by nearly half-a-cent relative to its United States counterpart, which cuts into crush margins and makes exports less attractive to […] Read more

WINNIPEG – Despite a late-day upward push by the March contract, the ICE Futures canola market declined for the third-straight session on Thursday, being pulled down by comparable oils. Chicago soyoil was in the red, as well as European rapeseed and Malaysian palm oil. Crude oil was also in decline due to a rise in […] Read more

WINNIPEG – The ICE Futures canola market continued its ongoing downturn on Thursday to go along with weakness in comparable oils. Chicago soyoil was down, as well as European rapeseed and Malaysian palm oil. Crude oil dropped by nearly US$2 per barrel due to a rise in United States stockpiles and an assessment of Chinese […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 9 (MarketsFarm) – The ICE Futures canola market was slightly weaker Thursday morning, seeing a continuation of Wednesday’s losses in early activity. Weakness in Chicago soyoil and European rapeseed futures accounted for some spillover selling pressure in the Canadian oilseed. A firmer tone in the Canadian dollar was […] Read more

WINNIPEG – The ICE Futures canola market ended the day lower on Wednesday, taking some direction from Chicago soyoil. Despite this, European rapeseed and Malaysian palm oil were both higher. After its rally on Tuesday, crude oil made gains once again, but U.S. crude oil inventories rose to their highest level since June 2021, putting […] Read more

WINNIPEG – The ICE Futures canola market was lower at midday on Wednesday amid a mixed sentiment in comparable oils. The U.S. Department of Agriculture (USDA) will release its monthly supply/demand estimates at 11 a.m. CST. One analyst noted that trade activity for canola will be quiet until the report’s release. However, the analyst also […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG – The ICE Futures canola market was posting small losses Wednesday morning, with speculative profit-taking behind some of the activity. The United States Department of Agriculture is set to release its monthly supply/demand estimates later in the day, with investors showing an unwillingness to push values too far one way […] Read more

WINNIPEG – The ICE Futures canola market was steady to lower after an up-and-down day of trade on Tuesday. Chicago soyoil rose, while European rapeseed was higher and Malaysian palm oil was mostly lower. Crude oil gained more than US$2 per barrel as Saudi Arabia expressed confidence in an upcoming recovery of Chinese demand. At […] Read more