Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 30 (MarketsFarm) – The ICE Futures canola market was down sharply on Tuesday, hitting contract lows in many months as speculative chart-based selling built on itself.   Losses in crude oil spilled over to weigh on most vegetable oil markets, with declines in Chicago soyoil, European rapeseed and

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 30 (MarketsFarm) – The ICE Futures canola market was sharply weaker on Tuesday, dropping below chart support as losses in outside markets spilled over to weigh on values. Crude oil, Chicago soyoil, European rapeseed and Malaysian palm oil were all weaker, dragging the Canadian oilseed down as well.

WINNIPEG – The ICE Futures canola market was lower on Tuesday morning, receiving spillover from weakness in comparable oils. Chicago soyoil lost more than one United States cent per pound, while European rapeseed and Malaysian palm oil were also down. Crude oil fell by more than two U.S. cents per barrel due to risk-off sentiment

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, testing chart support in thin trade as markets in the United States were closed for Memorial Day. Losses in European rapeseed futures and a firmer tone in the Canadian dollar contributed to the declines in canola. Good

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 29 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Monday, although activity was thin and choppy with markets in the United States closed for Memorial Day. Losses in European rapeseed futures and a firmer tone in the Canadian dollar were both bearish for

WINNIPEG – The ICE Futures canola market was lower on Monday morning, following weakness in comparable oils. Malaysian palm oil was down while European rapeseed was mostly lower. Crude oil was also showing weakness after Alberta-based Crescent Point Energy Corp. said it has resumed oil refinery production after being shut down by wildfires. The United

By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed Friday on a positive note after spending the week contending with losses. Support for the Canadian oilseed came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Although upticks in global crude oil prices have faded

By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday due to support from comparable oils. “It’s hard to try to drag canola down further without outside direction. The outside markets are firmer this morning,” a trader explained. There were gains in the Chicago soy complex, European

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 26 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, seeing a modest recovery amid ideas recent losses were overdone. Gains in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm oil also up overnight. Canada exported 128,600 tonnes of canola during the week