Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures lost their gains in the final hour of trading on Wednesday to finish a pinch lower. Support evaporated from Chicago soyoil as it to reversed course to incur losses. Pressure also came from declines in soybeans and soymeal. European rapeseed finished

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Thursday, reversing course after yesterday’s losses. A trader said the canola market will very likely remain choppy going into the crop’s harvest, which is still in its early stages across the Prairies. “It’s holding reasonably well. We

WINNIPEG – The ICE Futures canola market saw little movement on Thursday morning with lower-than-normal trading activity despite positive sentiment in comparable oils. Chicago soyoil was also little changed, but Malaysian palm oil was up and European rapeseed was mostly higher. Crude oil was also up after a large draw from United States inventories and

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, completely dispensing with any support from yesterday’s production estimates from Statistics Canada. With the pace of the Prairie canola combining soon to pick up, a trader said harvest pressure is already being felt in the market. Losses

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed at midday Wednesday with a small gain in the most-traded November contract, with all positions shrugging off yesterday’s bullish report from Statistics Canada. The Canadian oilseed was struggling against pressure coming from losses in the Chicago soy complex and

WINNIPEG – The ICE Futures canola market was moving upwards on Wednesday morning thanks to support from comparable oils. Chicago soyoil and Malaysian palm oil were up to start the day, while European rapeseed was higher on the nearby contracts and lower on the deferreds. Crude oil was also higher as traders anticipate a large

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Tuesday, due a bullish report from Statistics Canada. However, gains faded from much larger increases. StatCan pegged canola production in Canada for 2023/24 at nearly 17.6 million tonnes, falling below last year’s output of 18.7 million, but edging