Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Wednesday, showing independent strength in the face of losses in many outside markets. “Somebody is buying back positions,” said an analyst, noting that the advances in canola were “a long-awaited adjustment that needed to happen…

WINNIPEG – The ICE Futures canola market showed some strength on Wednesday morning despite weakness in comparable oils. European rapeseed was mostly lower, while Chicago soyoil and Malaysian palm oil were both lower to start the day. Crude oil also went down slightly after three days of gains. The United States Bureau of Labor Statistics

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 9 (MarketsFarm) – The ICE Futures canola market was higher at Tuesday’s close after posting losses for most of the session as chart-based positioning came forward to provide support. Declines in crude oil had spilled into world vegetable oil markets, with losses in Chicago soyoil accounting for some

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 9 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, taking some direction from losses in outside markets. Declines in crude oil were spilling into world vegetable oil markets, with Chicago soyoil down sharply at midday. Concerns over a diplomatic dispute between Canada and China

WINNIPEG – The ICE Futures canola market was lower to begin the day, following the lead of comparable oils. Chicago soyoil and European rapeseed were both down while Malaysian palm oil was mixed. Crude oil was also losing ground this morning. The Canadian dollar was down nearly one-quarter of a United States cent compared to

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 8 (MarketsFarm) – The ICE Futures canola market was mixed at Monday’s close after trading to both sides of unchanged in choppy activity. The nearby July contract moved lower while the deferred months were all higher, with the narrowing old/new crop spread a feature. Chicago soyoil, European rapeseed

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 8 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, retreating from earlier gains as a downturn in the Chicago soy complex weighed on values. European rapeseed and Malaysian palm oil futures were both lower on the day, accounting for some of the spillover selling

WINNIPEG – The ICE Futures canola market was stronger to start the week, with nearby contracts making greater gains than the deferreds. Chicago soyoil and Malaysian palm oil were higher while European rapeseed was mostly lower. Crude oil bounced higher by approximately US$2 per barrel this morning. The Canadian dollar was up by more than

By Glen Hallick, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures made sharp gains on Friday, due to a surge in comparable oils. There were large upswings in Chicago soybeans and soyoil, along with those in Malaysian palm oil. Meanwhile, Chicago soymeal and European rapeseed experienced much more moderate upswings. A spike