Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 2 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, seeing a continuation of Thursday’s corrective bounce off contract lows to end the week as traders squared positions amid ideas recent losses were overdone. Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 2 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, finding spillover support from gains in the Chicago soy complex. European rapeseed and Malaysian palm oil futures were also higher, while the Canadian dollar was holding relatively steady after posting solid advances earlier in the

WINNIPEG – The ICE Futures canola market was up entering the weekend, gaining strength from comparable oils. Chicago soyoil and Malaysian palm oil were both higher, while European rapeseed was mostly lower. Crude oil almost gained US$2 per barrel this morning as traders turned their focus towards the OPEC+ meeting in Vienna on Sunday. The

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, seeing a chart-based correction amid ideas recent losses were overdone.   Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil all higher on the day. Strength in crude oil

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, with losses in the nearby July contract and gains in the more deferred months as the old/new crop spread narrowed in. Ideas that recent losses were overdone accounted for some of the buying interest, with

WINNIPEG – The ICE Futures canola market was in positive territory on Thursday morning after three straight days in the red. Chicago soyoil was up, as well as European rapeseed and Malaysian palm oil, providing support for the oilseed. However, crude oil was lower due to demand concerns. The Canadian dollar was up three-tenths of

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 31 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday, seeing follow-through selling pressure after Tuesday’s sharp drop. Relatively favourable Prairie crop conditions as seeding operations near completion contributed to the declines. Early losses in crude oil and Chicago soyoil were also bearish, although soyoil found

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 31 (MarketsFarm) – The ICE Futures canola market was lower at midday Wednesday, seeing follow-through selling pressure after Tuesday’s drop to contract lows. Losses in crude oil and Chicago soyoil contributed to the softer tone in canola, with relatively favourable Prairie crop conditions also weighing on values. Manitoba

WINNIPEG – The ICE Futures canola market extended Tuesday’s downturn to go along with weakness in comparable oils. Chicago soyoil was down as well as Malaysian palm oil, while European rapeseed was mostly lower. Crude oil also declined after the release of underwhelming economic data from China. The Canadian dollar was down more than one-tenth