Futures markets

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

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

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 3 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, continuing to see a correction off nearby lows as speculators covered short positions ahead of the weekend. Gains in Chicago soybeans and European rapeseed provided some spillover support, although soyoil and Malaysian palm oil were

WINNIPEG – The ICE Futures canola market started Friday in positive territory, lifted by comparable oils. Chicago soyoil and European rapeseed were both up, while crude oil also made slight gains as the conflict between Israel and Hamas continued. The Canadian dollar was up more than four-tenths of a United States cent compared to Thursday’s

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, bouncing off nearby lows as speculative fund positioning provided support. Speculators holding a massive net short position in canola were on the buy side of the market on Thursday, covering some of those bearish bets and booking

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 2 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Thursday, climbing off nearby lows amid ideas recent losses were overdone. Speculative funds holding a record large net short position were behind the rally in canola, as they covered some of those bearish bets

WINNIPEG – The ICE Futures canola market was in positive territory on Thursday morning, receiving support from comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was mostly negative. Crude oil was on the rise due to Israel’s ongoing ground offensive into the Gaza Strip. The Canadian dollar was up four-tenths

WINNIPEG – The ICE Futures canola market was weaker on Wednesday, hitting fresh lows for the recent downtrend as losses in Chicago soyoil weighed on values. European rapeseed was also lower, although soybeans and Malaysian palm oil both moved higher. Tuesday’s close below C$680 per tonne in the January contract was bearish from a chart