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North American Grain/Oilseed Review: Canola settles at new lows

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, seeing some follow-through speculative selling after Monday’s sharp declines. The market dropped to fresh contract lows in the process, although bargain hunting helped temper the declines. Losses in Malaysian palm oil and Chicago Board of Trade soyoil

ICE canola drops to fresh lows at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, touching fresh contract lows as some stops were hit and speculators continued to add to their bearish bets. Losses in Malaysian palm oil and Chicago Board of Trade soyoil futures contributed to some spillover selling in

ICE canola futures: Losses ease after Monday’s big drop

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly steady to lower Tuesday morning, after yesterday’s sharp losses across the futures markets. Fears of the COVID-19 coronavirus becoming a world-wide pandemic spurred yesterday’s huge sell-off. In other vegetable oils, European rapeseed was steady this morning, but Chicago

North American Grain/Oilseed Review: Virus fears weigh

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market was down sharply on Monday, settling just above contract lows as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. There are now nearly 80,000 confirmed cases of the coronavirus worldwide, with about 2,600

ICE canola down sharply at midday with global virus fears

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – ICE Futures canola contracts were down sharply at midday Monday, as concerns over the COVID-19 coronavirus led to widespread selling in the global equity and commodity markets. Speculators were already holding large net short positions in canola, with the underlying bearish sentiment keeping them on the


ICE canola futures: Coronavirus weighing on values

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker Monday morning, as market fears towards the coronavirus ramped up. There was spike in the number of new cases of the COVID-19 strain of the coronavirus outside of China, particularly in South Korea, Iran and Italy. That has

Good movement, steady prices at livestock auctions

Futures are recovering from coronavirus reaction

There was good movement through Manitoba’s cattle auction yards during the second week of February, with prices relatively steady for most classes of cattle. “The light cattle are still very strong,” said Allan Munroe, of the Killarney Auction Mart. However, “the big ones took a hit with the drop in the futures a few weeks

North American Grain/Oilseed Review

By Marlo Glass, MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended slightly lower in nearby contracts on Friday, despite holding steady for most of the trading session. The Canadian dollar gained strength at the end of the week, keeping some pressure on canola prices. A generally weak tone for the


Canola prices up at midday

By Marlo Glass, MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The ICE Futures canola market was slightly stronger at midday Friday. A stronger tone for the soy complex on the Chicago Board of Trade offered some direction to canola prices. Soybeans were stronger even though soybean export sales were lower than trade expectations. The Canadian dollar

Global Markets: RCMP to leave Wet’suwet’en territory

By MarketsFarm WINNIPEG, Feb. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The Royal Canadian Mounted Police (RCMP) have offered to leave Wet’suwet’en territory but will remain in the nearby British Columbia town of Houston. Hereditary chiefs have said they will not meet with government