ICE Midday: Canola prices supported by soy complex

WINNIPEG – After a correction on Tuesday, the ICE Futures canola market resumed its recent rally despite mixed sentiment in comparable oils. European rapeseed and Malaysian palm oil were higher, as well as soybeans and soymeal. However, Chicago soyoil was steady while crude oil continued its downturn due to economic concerns. The Canadian dollar was

ICE Canada Morning Comment: Canola finds support

Getting help from palm, rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – Intercontinental Exchange canola futures were higher on Wednesday morning, gleaning support from most comparable oils. There were gains in Chicago Board of Trade soybeans and soymeal, plus those in Malaysian palm oil and European rapeseed, while soyoil dipped. Modest declines in global crude oil prices applied



ICE Midday: Canola rising despite weakness in oils

WINNIPEG – Although there were declines in comparable oils, the ICE Futures canola market saw modest gains in the middle of trading on Tuesday. Chicago soyoil was down by approximately one United States cent per pound, while crude oil fell more than two U.S. dollars per barrel due to concerns over demand and interest rates.


ICE Canada Morning Comment: Canola looking for direction

Mixed support from comparable oils

WINNIPEG – Intercontinental Exchange canola futures were mostly lower on Tuesday morning in light activity with the losses in the front months. Support for canola came from increases in Chicago soybeans and soymeal, as well as Malaysian palm oil. Declines in Chicago soyoil and European rapeseed weighed on values. Losses in global crude oil prices

Green soybean plants

Grain traders turn gaze southward

Expert's Radar: Rains have been helpful for Argentina and Australia

Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina


North American Grain/Oilseed Review: Canola, soybeans rise

WINNIPEG – The ICE Futures canola market moved higher on Monday, largely supported by the Chicago soy complex. Chicago soyoil, Malaysian palm oil and European rapeseed were higher. Crude oil also rose amidst ongoing tensions in the Middle East. At mid-afternoon, the Canadian dollar was steady compared to Friday’s close. The Commitment of Traders report

ICE Midday: Canola begins week on the rise

WINNIPEG – The ICE Futures canola market moved higher in the middle of Monday trading, largely supported by the Chicago soy complex. Chicago soyoil was up nearly two United States cents per pound, while Malaysian palm oil was slightly higher and European rapeseed was mostly lower. Crude oil gained nearly one U.S. dollar per barrel


ICE Canada Morning Comment: Prices on the rise

Support from Chicago, crude oil

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 6 (MarketsFarm) – Intercontinental Exchange canola futures started the new week on a higher note Monday morning as the January contract attempted to climb above C$700 per tonne. Canola was gleaning support from increases in Chicago soybeans and soyoil, but soymeal was narrowly mixed. There were slight gains in

North American Grain/Oilseed Review: Canola strengthens into weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, seeing a continuation of Thursday’s bounce as speculative short-covering, solid end user demand, and a lack of significant farmer selling all provided support. Gains in Chicago soybeans and European rapeseed accounted for some spillover buying interest in