Futures markets

WINNIPEG – The ICE Futures canola market extended its downturn on Friday morning despite relative strength in vegetable oils. Chicago soyoil and Malaysian palm oil were both higher, while European rapeseed was down. Crude oil fell by US$2 per barrel with the markets still assessing hawkish sentiments from the United States Federal Reserve. The Canadian

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 22 (MarketsFarm) – The ICE Futures canola market was weaker at Thursday’s close, seeing a profit-taking correction after recent gains. Losses in Chicago soybeans and European rapeseed futures accounted for some spillover selling pressure, although soyoil managed to post small gains after Wednesday’s limit-down losses. Crop conditions remain

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 22 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, seeing a profit-taking correction after recent gains. Losses in outside markets, including the Chicago soy complex and European rapeseed, contributed to the softer tone in canola. Crush margins lost roughly C$40 per tonne in Wednesday’s

By MarketsFarm   WINNIPEG, June 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally.   New depth restrictions on vessels moving through the Panama Canal are set to go into place on Sunday, as drought conditions have resulted in shallower water. Further limits are set to go

WINNIPEG – The ICE Futures canola market was in decline on Thursday following the lead of comparable oils. Chicago soyoil continued its selloff from Wednesday, with European rapeseed and Malaysian palm oil also in the red. Crude oil dropped US$2 per barrel after United States Federal Reserve chair Jerome Powell indicated that interest rates would

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was mostly stronger at Wednesday’s close after trading to both sides of unchanged in choppy activity. Only the old crop July contract was lower at the final bell, with intermonth spreading a feature of the activity as traders exited the

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Wednesday, reacting to conflicting outside forces. Limit-down losses in Chicago soyoil futures put some spillover pressure on the Canadian oilseed, as soyoil reacted to lower-than-expected biofuel blending requirements announced by the United States Environmental

WINNIPEG – The ICE Futures canola market took a tumble on Wednesday morning, falling by double digits. Chicago soyoil plunged after the United States Environmental Protection Agency previewed its biofuel blending levels, showing an increase for 2023 but decreases over the next two years. European rapeseed and Malaysian palm oil both fell as well. Crude

WINNIPEG–The ICE Futures canola market settled with small losses on Tuesday after trading to both sides of unchanged in choppy activity. The most-active November contract had gained nearly C$10 per tonne at one point before eventually running into resistance to end C$4 lower on the day. While dryness concerns in parts of Western Canada provided