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North American Grain and Oilseed Review: Veg oils bring down canola prices

Wuhan virus fears drive down prices

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Friday, as declines in other vegetable oils continued to weigh on values. A trader said there was profit-taking in Chicago soyoil. Also, reports stated the lack of Chinese demand for United States soybeans has also been an

ICE canola midday: Soyoil profit-taking weighs on values

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday, continuing the downward trend with Chicago soyoil, according to a Winnipeg-based trader. “It’s due to the money flow as funds ramped up a big long position and took [soyoil] up to 35 cents per pound ,” he

ICE canola down Friday morning

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was lower on Friday, continuing yesterday’s pricing trends. A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. The large Brazilian soybean crop has weighed on the soy complex. The Canadian dollar was


Cattle auctions’ prices steady, volumes strong

Manitoba’s cattle are about equally eastbound and westbound

Despite cold weather and icy highways, cattle markets across Manitoba were in full swing during the week ended Jan. 17. Tyler Slawinski, Gladstone Auction Mart’s auctioneer, said about 600 head showed up to the first auction of the year. “That’s about twice as many as I had expected,” he said. “That’s a good sign for


ICE canola midday: Soyoil continues to weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – ICE Futures canola contracts were lower at midday Thursday, following declines in Chicago soyoil. A Winnipeg-based trader noted that soyoil has shifted 40 to 50 points either way over the last several days, which he said was “pretty bizarre.” The expectation had been that soyoil had

ICE canola slightly lower Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was lower on Thursday, taking back most of the gains made yesterday. A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. Promises of China increasing soybean purchases have yet to materialize. The

North American Grain and Oilseed Review: Canola regains some lost ground

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Wednesday, regaining some of the values lost yesterday. Support came from improved Chicago soyoil prices, as well as from stronger European rapeseed. However, lower Malaysian palm oil prices and the South American soybean harvest, which is


ICE canola midday: Attempting to recover from yesterday’s losses

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – ICE Futures canola contracts were higher at midday Wednesday recovering most of yesterday’s losses. Support was coming from improved Chicago soyoil prices, which were also attempting to recover most of Tuesday’s steep declines, a Winnipeg-based analyst commented. He noted that volumes were light including the spreads.

ICE canola bounces back on Wednesday

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The ICE Futures canola market was higher on Wednesday, recovering from yesterday’s losses. A stronger tone for Malaysian palm oil, European rapeseed, and soyoil on the Chicago Board of Trade all lent strength to canola values. Canola is expected to see spillover buying from other vegetable