Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, May 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday morning, receiving support from upticks in the Chicago soy complex. However, European rapeseed and Malaysian palm oil were lower. Small increases in global crude oil prices lent support to the vegetable oils. As spring seeding continues across

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, as losses in Chicago soybeans and soyoil spilled over to weigh on values. Chart-based speculative selling was a feature, with canola down for the third session in a row. A bearish reaction to the United States Department

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, as chart-based speculative selling weighed on values for the third session in a row. Losses in most outside markets, including Chicago soyoil and European rapeseed, contributed to the selling pressure in canola. However, Malaysian palm oil

WINNIPEG – The ICE Futures canola market was showing some weakness on Friday morning to go along with mixed sentiment in comparable oils. While Chicago soyoil was slightly lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was up on speculation the United States could start refilling its Strategic Petroleum Reserve

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, seeing follow-through speculative selling after Wednesday’s downturn. Losses in Chicago soyoil, European rapeseed and Malaysian palm oil contributed to the weaker tone in canola. Relatively favoruable Prairie seeding weather also weighed on values, with farmers thought

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, seeing a continuation of the selling pressure that came forward late in Wednesday’s session. A ‘risk off’ sentiment in outside macro markets accounted for some of the spillover weakness in canola, with losses in European

WINNIPEG – The ICE Futures canola market was lower on Thursday morning following the lead of comparable oils. Crude oil was down approximately US$1 per barrel after ADES International postponed its initial public offering to the second half of 2023. Chicago soyoil, European rapeseed and Malaysian palm oil were also lower. The Canadian dollar lost

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market settled lower on Wednesday after posting gains for most of the session. Speculative positioning and concerns over tight old crop supplies supported canola prices for most of the day, as the market saw some spillover buying interest after Tuesday’s gains.