Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, due to mixed support from comparable oils. There were sharp declines in European rapeseed while Malaysian palm oil advanced and Chicago soyoil turned around to push higher. Chicago soybeans were mixed and soymeal stepped back. After crude

By Glen Hallick, MarketsFarm WINNIPEG, June 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Wednesday, with the losses in the new crop months. Pressure came from declines in Chicago soyoil and European rapeseed, while increases in Malaysian palm oil offered support. Chicago soybeans were mixed, and soymeal was down a

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 14 (MarketsFarm) – The ICE Futures canola market was slightly weaker Wednesday morning, seeing some consolidation after trending higher for the past two weeks. Losses in the Chicago soy complex accounted for some spillover selling pressure in the Canadian oilseed, with sharp declines in European rapeseed also weighing

By Glen Hallick, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Tuesday, largely due to strong gains in the Chicago soy complex. The United States Environmental Protection Agency is set to announce new biodiesel blending requirements on Wednesday. In turn, that has generated a great deal of short covering

By Glen Hallick, MarketsFarm WINNIPEG, June 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise at midday Tuesday, riding spillover from gains in the Chicago soy complex. A trader said there has been a good amount of short covering going on the Chicago soyoil, ahead of tomorrow’s announcement by the United States

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 13 (MarketsFarm) – The ICE Futures canola market was posting solid gains Tuesday morning, hitting its highest levels in more than three weeks as gains in outside markets provided spillover support. Declining crop ratings for the United States soybean crop sent the Chicago soy complex climbing higher, with

By Glen Hallick, MarketsFarm WINNIPEG, June 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Monday with gains in the most heavily-traded contracts. The vegetable oils fought against sharp losses in crude oil after Goldman Sachs forecast weaker global demand and increased supplies in 2023. European rapeseed ended the day with gains while

By Glen Hallick, MarketsFarm WINNIPEG, June 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Monday, however there was a slight uptick in the old crop July contract. There were sharp declines in global crude oil prices after Goldman Sachs projected weaker global demand and increased supplies in 2023. However, the

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 12 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged in overnight activity but turned lower as Monday’s day session got underway with the largest losses in the new crop months. The Chicago soy complex was mixed to start the week, with gains in