ICE Midday: Another drop for canola

WINNIPEG – The ICE Futures canola market saw prices drop further down due to pressures from harvest and vegetable oils. Statistics Canada (StatCan) also reported a 13.7 per cent rise in canola ending stocks as of July 31 compared to last year at 1.506 million tonnes. Chicago soyoil, European rapeseed and Malaysian palm oil were


ICE canola headed lower into weekend

WINNIPEG –  The ICE Futures canola market was weaker Friday morning, posting losses for the fourth-straight session as speculative selling and seasonal harvest pressure weighed on values. Statistics Canada pegged canola stocks in the country as of July 31, 2023, at 1.506 million tonnes, which was at the higher end of trade expectations with an

Record cattle prices close out August

Record cattle prices close out August

Recent lower values for feed, and the loonie, add support

Most cattle auction sites in Manitoba have reopened after the summer break, and for some, it’s business as usual with the same upward price movement. Heartland Livestock Services at Brandon and Virden, which conducted sales throughout the summer, on Aug. 29 and 30 put 1,721 cattle through the rings, 400 fewer than the previous week.


As of last week, Manitoba’s canola harvest was estimated at about five per cent complete.

Canola choppy following StatCan’s latest report

Gains faded in the hours following the report’s release

As the canola harvest across the Canadian Prairies picked up speed at the end of August, prices for the Canadian oilseed bounced back and forth on ICE Futures. Support came from soyoil on the Chicago Board of Trade, when the commodity was climbing higher, while European rapeseed and Malaysian palm oil provided spillover as well. And as crude oil prices



ICE Midday: Canola continues its downturn

WINNIPEG – The ICE Futures canola market suffered double-digit losses for the second time in three sessions, dragged down by vegetable oils. Chicago soyoil was down by more than one United States cent per pound, while European rapeseed and Malaysian palm oil were also in the red. Crude oil was mostly unchanged in the middle

ICE canola continues lower Thursday morning

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Sept. 7 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as bearish chart signals and seasonal harvest pressure continued to weigh on values. Losses in outside markets, including Chicago soyoil and Malaysian palm oil futures, added to the softer tone in canola. However, European rapeseed was



ICE Midday: Canola moves downward

WINNIPEG – The ICE Futures canola market extended its losses suffered on Tuesday while comparable oils had mixed sentiment. Chicago soyoil was lower, but European rapeseed and Malaysian palm oil were on either side of unchanged. Crude oil was in negative territory, correcting itself from the gains made one day earlier. The Canadian dollar was