Futures

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The ICE Futures canola market was mostly lower Thursday morning, backing away from overnight gains as the market remains stuck in a sideways trading range. The Chicago soy complex was mixed in early activity, providing little direction as soybeans were lower but soyoil was slightly firmer. […] Read more

WINNIPEG — The ICE Futures canola market was in decline on Wednesday despite mixed sentiment in comparable oils. Chicago soyoil, along with Malaysian palm oil were both higher, while European rapeseed was lower. Crude oil was also lower, despite optimism over rebounding Chinese demand and a report from the International Energy Agency (IEA) predicting record […] Read more

WINNIPEG – The ICE Futures canola market was in decline on Wednesday despite rising prices for comparable oils. One trader said that while there was some buying earlier this morning, canola prices have come down due to weakness in soybeans and soymeal. The trader attributed this weakness to rains falling on drought-stricken growing areas in […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 18 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with gains in the front months but a softer tone in the new crop November contract. Gains in Chicago soyoil and Malaysian palm oil provided some underlying support for the Canadian oilseed, with crude oil also […] Read more

WINNIPEG — The ICE Futures canola market closed a little above unchanged on Tuesday to go along with gains in crude oil prices. Chicago soyoil was up, as well as Malaysian palm oil. However, European rapeseed was down. Meanwhile, crude oil prices regained their positive momentum after a correction on Monday. At mid-afternoon, the Canadian […] Read more

WINNIPEG – The ICE Futures canola market was down at midday on Tuesday despite gains in crude oil prices. One analyst believes that a lack of Chinese demand due to a rising number of COVID-19 infections, as well as a relatively strong Canadian dollar may be keeping canola prices down, but the behaviour of the […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 17 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning as activity in the United States markets resumed after Monday’s Martin Luther King Jr. Day closure. Losses in outside markets, including European rapeseed and Malaysian palm oil futures, accounted for some spillover selling pressure in the […] Read more

WINNIPEG — The ICE Futures canola market struggled to find direction before Monday’s close despite lower crude oil prices. European rapeseed was lower on Monday, while Malaysian palm oil was mixed. Crude oil prices were declining due to quieter trade activity and a correction in the market after rallying over the past week. At mid-afternoon, […] Read more

WINNIPEG – The ICE Futures canola market was struggling to find direction at midday on Monday despite lower crude oil prices. United States commodity markets are closed on Monday for Martin Luther King Jr. Day and will re-open on Tuesday. One trader also suggested that a lack of fresh news is causing little momentum in […] Read more

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 16 (MarketsFarm) – The ICE Futures canola market was mixed Monday morning, with losses in the front months and gains in the more deferred new crop positions. Activity was thin and choppy, as markets in the United States were closed for Martin Luther King Jr. Day. European rapeseed […] Read more