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Rising Chicago futures lift prices against higher loonie

Sale prices rose a few dollars, Virden’s Hill reports

Auction prices increased this week by $2-$3 per hundredweight (cwt) at Heartland Livestock Services’ auction at Virden on July 22, according to Robin Hill, the auction’s manager. “The one thing about the feeder cattle, we’ve really seen the Chicago Mercantile Exchange (CME) really take off last week,” he said. Futures values at the CME are

ICE canola rises with soyoil at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, as a rally in Chicago Board of Trade soyoil provided spillover support. Speculative fund buying added to the gains, as canola retested its nearby highs. However, resistance was holding to the upside, with the November contract

ICE canola futures: Prices slightly higher Friday morning

By Marlo Glass, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning, bouncing back from losses incurred yesterday. Strength in Chicago soyoil was a supportive factor for canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning

North American Grain/Oilseed Review: Canola corrects lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, backing away from nearby highs as speculators took profits and the recent strength encouraged some farmer selling. The November contract had hit a fresh six-month high of C$493.70 in early trade, before retreating to end at C$490.10


Canola crops in some spots on the Prairies are currently about a month away from swathing.

Despite bearish pressures, canola remains rangebound

Storms in some areas have built a weather premium into crop values

Canola on the ICE Futures exchange remained locked in a range during the week ended July 23. Canola prices started the week at $485.30 per tonne and were on either side of steady throughout the week. The November contract closed July 23 at $485.40 per tonne. By all accounts, canola prices held up to considerable

ICE canola mixed at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, as conflicting outside influences had the market seeing some consolidation after its recent gains. A weaker tone in the Canadian dollar and gains in Chicago Board of Trade soyoil provided some spillover support for canola. Solid

ICE canola futures: Prices higher Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Thursday morning, due to follow-through buying from yesterday’s rally. Slight strength in Chicago soyoil also were supportive of canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning trade.



ICE canola up with good demand

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, as solid demand from both end users and fund traders provided support. Commercial buyers covering sales to Europe accounted for some of the strength, according to a broker. Fund traders adding to long positions were also