Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued lower on Thursday as weaker global crude oil prices put pressure on the vegetable oils. While there were upticks in Chicago soyoil, they faded from earlier gains. European rapeseed and Malaysian palm oil were higher on the day. Chicago soybeans

By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday as the front months lost their gains from earlier this morning. There are really no big drivers around right now,” a trader commented, but took umbrage with the speculative activity. “They’re just playing canola off of the

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 25 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, recovering from overnight losses as gains in Chicago soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were also higher. Good seeding progress across the Prairies and improving moisture conditions in some areas accounted

WINNIPEG – Intercontinental Exchange (ICE) canola futures finished lower on Wednesday as gains in the Chicago soy complex faded. While the soybeans ended the day mixed, soymeal was lower, and soyoil pulled back from its earlier highs but remained positive. Support came from upticks in European rapeseed and Malaysian palm oil. Increases in global crude

By Glen Hallick, MarketsFarm WINNIPEG, May 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures was trying to gain traction on Wednesday as there was spillover from gains in comparable oils. There were small gains in canola’s old crop July contract while the new crop positions were lower. There were increases in the Chicago soy complex,

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 24 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, with speculative selling a feature. The nearby July contract dipped back below the psychological C$700 per tonne level, which was bearish from a chart standpoint. New crop November was also testing contract lows. Good seeding progress

By Glen Hallick, MarketsFarm WINNIPEG, May 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Tuesday after trading resumed after being closed for Victoria Day. The only gain was in the old crop July contract. There was two to three inches of rain in Alberta over the long weekend, with some parts

By Glen Hallick, MarketsFarm WINNIPEG, May 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed at midday Tuesday, after the Canadian markets were closed for Victoria Day. While there were gains in the old crop July contract, the new crop positions were mixed, with losses in the November and January contracts. Over the long

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 23 (MarketsFarm) – The ICE Futures canola was mixed Tuesday morning as activity resumed following the Victoria Day long weekend. The nearby July contract was posting solid gains, while the more deferred new crop months were lower. The Chicago soy complex was stronger on Monday when Canadian markets

WINNIPEG — The ICE Futures canola market finished the week lower to go along with mixed prices for comparable oils. Speculative selling contributed to the declines, with the move below the psychological C$700 per tonne level in the nearby July contract bearish from a chart standpoint. There will be no canola trading on Monday due