ICE Midday: Canola dragged down by comparable oils

WINNIPEG – The ICE Futures canola market continued its slide downwards for the fifth time over the past six sessions, being pressured from comparable oils. Chicago soyoil lost nearly two United States cents per pound, while European rapeseed was also down. However, Malaysian palm oil was up, bringing support to canola. Crude oil moved lower


ICE canola continues lower early Monday

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 25 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, as an early attempt at correcting higher ran out of steam and the futures continued their downtrend. Losses in Chicago soyoil accounted for some spillover selling in the Canadian oilseed, with seasonal harvest pressure another bearish

North American Grain and Oilseed Review: Increases elude canola

CBOT’s ‘turnaround Friday’ propels markets into the weekend

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – Intercontinental Exchange canola futures failed to hang on to gains in a bout of choppy trading Friday, due to a lack of sufficient support from comparable oils. Support for canola came from increases in Chicago soybeans and especially soyoil, but soymeal slipped back. European rapeseed and


ICE Canola Midday: Prices clinging to traction

Mixed support from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were a pinch higher at midday Friday, despite getting mixed support from comparable oils. In a turnaround, Chicago soybeans were pushing higher along with strong gains in soyoil, however there were small losses in soymeal. European rapeseed was lower as well

ICE canola sees small declines

WINNIPEG – The ICE Futures canola market was steady to lower on Friday morning, going along with the mixed sentiment in vegetable oils. Chicago soyoil was up while European rapeseed was down and Malaysian palm oil was mixed. Crude oil rose by approximately US$1 per barrel due to a tightening market. The Canadian dollar was


North American Grain and Oilseed Review: Canola reverts to downturn

Chicago falls back in selloff

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – Intercontinental Exchange canola futures closed lower on Thursday, getting caught up in a general selloff in the commodities. Pressure on the Canadian oilseed also came from sharp losses in the Chicago soy complex, along with more modest declines in Europe rapeseed and Malaysian palm oil. Saskatchewan

ICE Canola Midday: Oilseed returns to downward trajectory

Spec money back selling canola

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Thursday, following the vegetable oils to the downside. A trader said the spec traders were back “selling canola again,” after yesterday’s small gains in the Canadian oilseed. “Spec money in all the markets is flushing out a


Slaughter cattle prices dip ahead of fall run

Slaughter cattle prices dip ahead of fall run

Cow prices expected to drop, but feeder cattle and calves more hopeful

Kirk Kiesman of the Ashern Auction Mart hopes cattle prices will not slide when numbers at auction increase as Manitoba’s fall calf run gets underway. “There’s a shortage of cattle in North America with the number at record lows,” said Kiesman. “I’m hoping prices remain strong, definitely on the feeder cattle and calves. The cows,

A canola swath in south Saskatchewan on Aug. 27, 2023.

Canola markets sag, then recover

Pace of canola exports slows, wheat markets reflect stock cuts

ICE Futures canola contracts hit their weakest levels in two months in early September but eventually managed to uncover support and move off those lows, despite ongoing seasonal harvest pressure. Statistics Canada released its second model-based production estimates for the 2023-24 crop on Sept. 14, pegging the country’s canola production at 17.4 million tonnes. That was down by about