Futures

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, dropping below psychological support as speculative selling weighed on values. The nearby March contract fell below C$800 per tonne, which was bearish from a chart standpoint. Concerns that Australia’s large canola crop will cut into […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower Tuesday morning, with the larger declines in the new crop months. There was weakness in Chicago soyoil, while gains in Chicago soybeans and soymeal, plus European rapeseed helped to temper further losses in canola. The Malaysian palm oil market […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, nearing the lower edge of its well-established trading range as speculative selling and spillover from outside markets weighed on values. Losses in Chicago soybeans accounted for some spillover selling in the Canadian oilseed, with European rapeseed also […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, nearing the lower edge of its well-established trading range as speculative selling weighed on values.   The March contract has held in a range from roughly C$800 to C$900 per tonne for the past seven […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower Monday morning, with the old crop contracts falling close to their support level of C$800 per tonne. The Chicago soy complex and European rapeseed were to the downside, while Malaysian palm oil incurred modest gains. There were small upticks […] Read more

WINNIPEG — The ICE Futures canola market ended Friday with its worst showing of the week, pressured by a stronger Canadian dollar. Chicago soyoil and European rapeseed were both lower, while Malaysian palm oil was mixed. Crude oil gained more than US$1 per barrel due to optimism over a potential resurgence in Chinese demand. At […] Read more

WINNIPEG – The ICE Futures canola market added to its declines at midday on Friday despite little direction from comparable oils. One trader said that long liquidation along with rain in the forecast for Argentina have helped the March canola contract break support earlier this week. “It seems to me that over the last week […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market backed away from overnight gains Friday morning to post small losses as traders squared positions ahead of the weekend. Gains in Chicago soyoil provided spillover support for the Canadian oilseed, but it retreated from its highs and was closer to unchanged […] Read more

WINNIPEG – The ICE Futures canola market continued to show weakness on Thursday while there was overall mixed sentiment in comparable oils. Chicago soyoil was lower along with European rapeseed. However, Malaysian palm oil was mixed. After early declines due to economic growth concerns and a 7.6 million barrel increase in U.S. commercial stockpiles according […] Read more

WINNIPEG – The ICE Futures canola market continued to show weakness on Thursday while there was overall mixed sentiment in comparable oils. One analyst said that canola has traded rangebound since early December and that C$830 per tonne is a “fairly important support level.” “If that doesn’t hold, then C$800/tonne has been the longer-term support […] Read more