Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 16 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, seeing a continuation of the chart-based correction off nearby lows that supported prices late last week. The nearby November contract settled above its 20-day moving average for the first time in a month on Friday, which

By Phil Franz-Warkentin   WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, seeing a continuation of Thursday’s bounce off nearby lows. The nearby November contract settled above its 20-day moving average for the first time in more than a month, finishing the day at C$720 per tonne after testing

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, seeing a continuation of Thursday’s rally. Gains in Chicago soyoil futures and ideas that recent losses in canola were overdone contributed to the advances. European rapeseed and Malaysian palm oil futures were also higher, although

WINNIPEG – The ICE Futures canola market rose sharply on Friday morning, largely due to surging crude oil prices. Crude oil gained more than US$3 per barrel due to ongoing uncertainty with regards to the conflict between Israel and Hamas. European rapeseed and Malaysian palm oil were also higher to start the day. The Canadian

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was sharply higher on Thursday, as a rally in the Chicago soy complex provided spillover support. Updated supply/demand estimates from the United States Department of Agriculture provided the catalyst for the gains in soybeans, with average U.S. yields at the

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, with gains in the front months and losses in the more deferred positions. Positioning ahead of the United States Department of Agriculture’s monthly supply/demand report, out at 11:00 CDT, was a feature with any surprises

WINNIPEG – The ICE futures canola market was mixed on Thursday morning, in part due to rising soybean and crude oil prices. Positioning ahead of the U.S. Department of Agriculture’s (USDA) monthly supply/demand estimates, out later in the day, accounted for some of the activity. Chicago soyoil was down and European rapeseed was mostly lower

WINNIPEG, Oct. 11 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday but managed to uncover some support to end off its lows for the session. Tuesday’s close below C$710 per tonne in the nearby November contract was bearish from a technical standpoint, although the next psychological support held at C$700 per tonne.