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A Chinese ship is loaded with soybeans at Port of Santos May 19, 2015.

Domestic and export demand support canola

Guided by bullish chart signals, speculators are adding to their long positions

ICE canola futures kept climbing during the week ended Nov. 20, hitting multi-year highs and showing no signs of slowing the uptrend. Aside from a brief blip on the charts in 2017, when the July contract was expiring, the nearby canola market has not traded above $550 per tonne for any extended period of time since 2013. January canola first settled

ICE Canada Morning Comment: Little direction for canola

IGC cuts ending stocks

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were narrowly mixed on Thursday morning in light trading volume due to the Thanksgiving holiday in the United States. With the U.S. markets closed for the day, canola wasn’t getting direction from the Chicago soy complex. Lower European rapeseed and

North American Grain & Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed slightly higher on Wednesday, regaining some of the losses incurred in yesterday’s trade. Positioning ahead of the United States Thanksgiving holiday was a feature in trade, as market activity is expected to be quiet for the rest of the

ICE Canola Midday: Prices mixed midday Wednesday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, amid light trade activity and positioning ahead of the United States Thanksgiving holiday. Chicago soyoil contracts were stronger in early trade, which gave canola prices a boost. Nearby contracts were up by about half a cent in

Global Markets: U.S. manufacturing posts gains

By MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States manufactured goods posted gains of 1.3 per cent in October, according to new data from the U.S. Commerce Department. Orders for durable goods also showed gains of 2.1 per cent in September.


ICE Canada Morning Comment: Canola mixed ahead of U.S. Thanksgiving

Rising loonie weighs on values

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were either side of steady on Wednesday morning, a trading becomes choppy ahead of tomorrow’s Thanksgiving holiday in the United States. Support was coming from gains in the Chicago soyoil, Malaysian palm oil and European rapeseed. Increases in global crude

North American Grain & Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed lower on Tuesday, backing off of multi-year highs. One Winnipeg-based trader said chart consolidation was contributing to canola’s weakness, along with profit-taking ahead of the United States Thanksgiving holiday. Recent data from Statistics Canada showed canola crush activity broke

ICE Canola Midday: Prices lower midday Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, due to profit-taking ahead of the United States Thanksgiving long weekend. “The U.S. Thanksgiving is notorious for some profit-taking leaking into the market,” remarked one Winnipeg-based trader, noting that canola values were due for a pullback. Chicago


ICE Canada Morning Comment: Canola pulls back from contract highs

Weakness in CBOT soy, European rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Tuesday morning, stepping away from yesterday’s contract highs. Weakness in the Chicago soy complex and European rapeseed contributed to the declines in canola, but gains in Malaysian palm oil helped to stem further losses. Continuing dry conditions

North American Grain/Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed higher on Monday, hitting new multi-year highs. Canola’s gains have lagged behind movement in Chicago soyoil. Chicago soyoil was slightly lower on the day, with nearby contracts losing about a tenth of a cent. Slight losses in the Canadian