Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was sharply higher a midday Monday, hitting fresh four-month highs. Bullish chart signals contributed to the gains, as the November contract climbed above its 200-day moving average around C$770 per tonne and psychological resistance at C$780. An analyst noted that

By MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, due to small declines in crude oil prices. As of 8:41 am CDT, the loonie was at US$0.7521 or C$1.3296, compared to Friday’s close of US$0.7523 or US$1=C$1.3292. On the U.S. Dollar Index, the greenback bumped up 0.090 of

WINNIPEG – The ICE Futures canola market made a big jump to start the week, fuelled by rising prices in the Chicago soy complex. Chicago soyoil is higher, as well as European rapeseed and Malaysian palm oil. However, crude oil was lower as persistent recession concerns outweighed supply cuts. The Canadian dollar was steady compared

SOYBEAN futures at the Chicago Board of Trade were weaker on Friday, feeling pressure from soymeal and soyoil. The United States Department of Agriculture published its export sales report and for the week ended June 29 old crop soybeans came to 187,800 tonnes and new crop sales were 592,800 tonnes. Trade expectations called for 100,000

By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, due to losses in the Chicago soy complex. Declines in European rapeseed and Malaysian palm oil placed additional pressure on the Canadian oilseed. Meanwhile upticks in global crude oil prices tempered further losses in the vegetable

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, July 7 (MarketsFarm) – The ICE Futures canola market was slightly weaker Friday morning, backing away from the four-month highs hit Thursday as traders squared positions ahead of the weekend. Relatively milder temperatures and increased chances of precipitation in some dry areas of Western Canada contributed to the selling

By Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures lost its gains to finish slightly lower on Thursday. Pressure from losses in comparable oils overpowered support from dry conditions across much of the Prairies. Temperatures across the regions to rise above normal next week with very little rain in the