Futures markets

WINNIPEG – Intercontinental Exchange canola prices remained lower at mid-morning Friday, as the selloff in the futures and equities markets continued for a second day. “It’s not a huge selloff,” an analyst commented, noting that global crude oil prices were recovering from Thursday’s steep losses. The analyst also cautioned the markets should avoid putting too

WINNIPEG – The ICE Futures canola market was weaker Friday morning, seeing a continuation of Thursday’s downturn as traders adjusted positions ahead of the weekend. The failure to hold above the 50-day moving average in the January contract was bearish from a technical standpoint, with chart-based speculative selling contributing to the declines. Losses in Chicago

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 16 (MarketsFarm) – Intercontinental Exchange canola prices fell back on Thursday, due a selloff in the futures and equities markets. An analyst commented, “the [spec] funds hit the sell button.” That generated steep declines in global crude oil prices, which spilled over into the vegetable oils. The Chicago soy

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 16 (MarketsFarm) – Intercontinental Exchange canola futures were being driven lower at mid-morning Thursday, caught up in a selloff affecting the futures and equities markets. “The funds are pressing the sell button,” an analyst said. Pressure on canola was also coming from a weaker Chicago soy complex, along with

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 16 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing a modest correction after posting solid gains earlier in the week. The January contract traded above its 50-day moving average for the first time in two months on Wednesday, but values were backing away from

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – Intercontinental Exchange canola futures continued with its gains on Wednesday, building those from Tuesday. An analyst stated the spec funds have been largely behind the rise in canola prices, as they hold a record short position. Support for the Canadian oilseed also came from increases in

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 15 (MarketsFarm) – Intercontinental Exchange canola futures were continuing to climb higher at mid-morning Wednesday, adding to Tuesday’s increases. An analyst commented that over the last month canola futures dropped from about C$731 per tonne in the January contract in mid-October, down to C$672 by early November, only to

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 15 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of Tuesday’s rally. Gains in Chicago soyoil provided spillover support, although soybeans and meal were both lower. Malaysian palm oil hit fresh two-month highs in overnight activity but was running into some resistance.