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North American Grain and Oilseed Review: Canola up, but oilseeds lack direction

By Glen Hallick, MarketsFarm WINNIPEG, August 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, as bids lacked direction in choppy trading. One trader commented that lack has been common in the Chicago soy complex, European rapeseed and Malaysian palm oil as well. Another trader theorized Prairie farmers haven’t been selling […] Read more

USDA’s recalculations toss anvil to markets

Canola remains rangebound as harvest looms

A surprisingly large corn production estimate from the U.S. Department of Agriculture gave North American grain and oilseed markets a jolt during the week ended Aug. 15. Corn and wheat prices fell in response to the updated data, while oilseeds had a more subdued response. After a soggy start to the U.S. growing season, investors […] Read more



ICE canola midday: Oilseed bids choppy

By Glen Hallick, MarketsFarm WINNIPEG, August 20 (MarketsFarm) – ICE Futures canola contracts were higher at midday Tuesday, with the oilseed markets choppy as they seek direction, according to a Winnipeg-based trader. He said oilseeds, including canola, have been up one day and down the next, with an exception on Monday. “Canola held up yesterday […] Read more

ICE canola gains strength on Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – The ICE Futures canola market was mostly higher on Tuesday morning, following trends set in overnight trade. Canola values found support from the soybean complex on the Chicago Board of Trade, which were bolstered by positive trade talks between the United States and China. A weather […] Read more


North American Grain/Oilseed Review: Canola begins week with losses

By Glen Hallick, MarketsFarm WINNIPEG, August 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, caught up in a slide in the Chicago soy complex. Also, European rapeseed and Malaysian palm oil lost ground, which further weighed on canola. After parts of the Prairies received rain over the weekend, the MarketsFarm […] Read more

ICE canola midday: Bids moving down with other oilseeds

By Glen Hallick, MarketsFarm WINNIPEG, August 19 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Monday, due to a negative bias coming out of the United States, said a Winnipeg-based trader. “Chart-wise, we’re in ‘la-la-land’. We’re in a sideways trend,” he commented. The soy complex on the Chicago Board of Trade was mostly […] Read more


ICE canola weaker Monday

By Marlo Glass, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The ICE Futures canola market was mostly lower on Monday morning, following trends set in overnight trade. Malaysian palm oil, European rapeseed, and the soy complex on the Chicago Board of trade were all lower this morning, which weighed on canola values. A weather premium remains […] Read more

North American Grain/Oilseed Review: Canola up with pre-weekend short-covering

By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 16 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soybeans as traders squared positions ahead of the weekend. Speculative short-covering was a feature as fund traders took some profits on their bearish bets, according to a trader. Solid […] Read more


“Risk-off” sentiment underpins ICE canola at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as traders adjusted positions ahead of the weekend in quiet trade. “We’re getting a little bit of profit-taking and position-squaring ahead of the weekend,” said a Winnipeg-based trader noting that “risk-off” sentiment was behind much of the […] Read more

ICE canola futures: Morning bids pushing upward

By Glen Hallick, MarketsFarm WINNIPEG, August 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Friday morning, as canola has been competitive with oilseeds and could receive spillover from other markets. Bids found strength in solid crush margins, which are at their best levels so far this year. Crop conditions are generally favourable […] Read more