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Blooming rapeseed field at sunset

Lingering old-crop supplies limit canola futures’ climb

U.S. seeding delays could lift spring wheat — but not yet

ICE Futures canola contracts moved higher during the week ended June 14, but ran into upside resistance as conflicting influences pulled on the market. Weather concerns, both in the United States and Canada, were a major supportive influence. Excessive moisture across the U.S. Midwest has left many intended corn acres unplanted. Soybeans can go in […] Read more


Prairie rains weigh on ICE canola early Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – ICE Futures canola contracts were down sharply Thursday morning, as improving Prairie moisture prospects and gains in the Canadian dollar weighed on values. Dry areas of south central Saskatchewan were seeing some shower activity Thursday morning, with more precipitation in the nearby forecasts. While more rain […] Read more


North American Grain/Oilseed Review: Weather forecast, Chicago losses bring down prices By Glen Hallick, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, due to the weather forecast and spillover from the Chicago Board of Trade. Showers and thundershowers have been forecast for most of the Prairies through […] Read more

ICE canola midday: Rain in forecast bringing down prices

By Glen Hallick, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – ICE Futures canola contracts were significantly lower at midday Wednesday, with bids down C$2 to C$5 per tonne. That’s because rain has been forecast for across most of the Prairies, said a Winnipeg-based trader, noting “rain makes grain.” The trader said he spoke with several farmers […] Read more


ICE canola weaker Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 19 (MarketsFarm) – ICE Futures canola contracts were weaker Wednesday morning, taking back some of their recent gains. Forecasts calling for some much needed rain in some dry areas of Western Canada pressured values. Losses in Chicago Board of Trade soybeans, a firmer tone in the Canadian dollar and […] Read more

North American Grain/Oilseed Review: Canola bids up after volatile trading

By Glen Hallick, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were up slightly on Tuesday, after a volatile session with heavy activity. The weather forecast for the Prairies has called for rain over the next day to three days. If precipitation is sufficient enough, bids could be affected. Also, Prairie […] Read more


Canola steady at midday Monday

By Marlo Glass, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The ICE Futures canola market was on either side of steady at midday Tuesday. Strong U.S. soybean prices, buoyed by near-contant rain and continually delayed planting, pulled canola prices up moderately. Rains forecasted for the Prairies in days to come capped further gains in the canola […] Read more

ICE canola mixed Tuesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – ICE Futures canola contracts were trading to both sides of unchanged Tuesday morning, lacking any clear direction as the market consolidated after Monday’s gains. Forecasts calling for some much needed rain in dry areas of Western Canada put some pressure on values. A firmer tone in […] Read more


North American Grain/Oilseed Review: Spread, weekend rain push up canola prices

By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, in a heavy volume of trade. “Big volumes, big spread. The market doesn’t know which way to go,” commented a Winnipeg-based analyst. The lack of significant rainfall on the Prairies wasn’t enough to help crops. Meanwhile […] Read more

Canola up at midday Monday

By Marlo Glass, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The ICE Futures canola market was higher at midday Monday, though remained largely range-bound. Light weekend rains across the Prairies weren’t enough to significantly boost crops, according to one Winnipeg-based trader. Meanwhile, soybean prices continued to skyrocket due to concerns of delayed planting in the Midwest, […] Read more