Futures markets

WINNIPEG – The ICE Futures canola market returned to weakness Thursday morning, dragged down by vegetable oils. Chicago soyoil and Malaysian palm oil were down to start the day, while European rapeseed was mostly lower. Although crude oil initially retreated after the United States Federal Reserve left its key interest rates unchanged, it has resumed

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – Intercontinental Exchange canola futures tacked on slight gains Wednesday, taking back a little bit of the sharp losses they incurred this week. An analyst pointed to canola being oversold along with farmers holding back the oilseed until cash prices improved. Additional support for canola came from

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Wednesday, getting spillover from slight increases in Chicago soybeans, according to an analyst. Additional support cam from gains in Chicago soymeal and European rapeseed. However, pressure from losses in Chicago soyoil and Malaysian palm oil tempered further

WINNIPEG – The ICE Futures canola market was mixed to start Wednesday off while comparable oils were also on both sides of unchanged. Chicago soyoil and Malaysian palm oil were down in the morning while European rapeseed was higher. Crude oil took a breather from its recent rally and declined. The Canadian dollar was up

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures dropped further in heavy trading on Tuesday, after significant weakness yesterday. As part of a general selloff in the markets, declines in Chicago soyoil and soybeans, as well as in Malaysian palm oil put pressure on canola. Meanwhile, upticks in Chicago

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued lower at midday Tuesday, but with declines not as severe as those at yesterday’s close. “There’s pressure from a lot of sources, but it’s holding up quite firmly,” said a trader, explaining that product values were down by a lot

WINNIPEG – The ICE Futures canola contract kept the previous day’s downward momentum on Tuesday, mainly pressured by a stronger loonie. The Canadian dollar was up one half of a United States cent compared to Monday’s close. Statistics Canada reported this morning that the country’s inflation rate jumped to four per cent in August, exceeding

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures took a hard hit on Monday, pulled down by weakness in the Chicago soy complex. Additional pressure came from losses in European rapeseed and Malaysian palm oil. Although global crude oil prices were modestly higher, an analyst stressed there’s now essentially

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Monday, as the vegetable oils moved lower while crude oil prices climbed higher. As crude oil pushed upward with West Texas Intermediate around US$92 per barrel, there was weakness in the Chicago soy complex, European rapeseed and