Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, posting losses for the seventh-straight session as bearish technical signals and seasonal harvest pressure weighed on values. The nearby November contract fell below former chart-support at C$769 per tonne on Tuesday, encouraging additional speculative selling.

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – Canola futures on the Intercontinental Exchange were lower on Wednesday morning, due to continuing harvest pressure. However, there’s support coming from gains in Chicago soybeans and soyoil, while soymeal slipped back. Increases in Malaysian palm oil and European rapeseed spilled over into canola. Small upticks in

WINNIPEG, Sept. 12 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, falling below major chart support. Canola has been in a steady downtrend for over a week, with Tuesday’s move below C$760 per tonne in the November contract encouraging additional speculative selling. A bearish reaction in the Chicago soy complex to updated

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) -The ICE Futures canola market was weaker at midday Tuesday, dropping below chart support as bearish technical signals weighed on values. The move below C$760 per tonne in the nearby November contract encouraged additional speculative selling, with seasonal harvest pressure also weighing on values as weather conditions

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 12 (MarketsFarm) – Canola futures on the Intercontinental Exchange continued to fall back on Tuesday morning, due to harvest pressure. The nearby November contract punched through its support level of C$760 per tonne. Favourable weather across the Prairies will help speed along the harvest, although scattered showers have been

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 11 (MarketsFarm) – The ICE Futures canola market posted losses for the fifth-straight session on Monday as bearish technical signals and seasonal harvest pressure weighed on values. The most-active November contract neared chart support around C$760 per tonne, after losing roughly C$40 over the past week. Farmers were

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) -The ICE Futures canola market was weaker at midday Monday, as bearish technical signals kept speculators on the sell side of the market. The most-active November contract was nearing chart support around C$760 per tonne, after losing roughly C$40 over the past week. Seasonal harvest pressure contributed

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – Canola futures on the Intercontinental Exchange were lower on Monday morning, getting pressure from losses in the vegetable oils. European rapeseed and Malaysian palm oil were to the downside, as was Chicago soyoil. Gains in Chicago soybeans and soymeal helped to temper further declines. Small upticks