Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday, benefitting from a surge in comparable oil prices. There were strong upswings in Chicago soybeans and soyoil as well as Malaysian palm oil, but soymeal and European rapeseed were up modestly. After taking hard hits earlier this

By Glen Hallick, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Thursday, with a small decline in the old crop July contract. Trading in the July accounted for more than half of today’s activity. Canola spent much of the session vacillating between either side of steady, as the Chicago

By Glen Hallick, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures gave up small gains late Thursday morning, turning lower. Although there were upticks in Chicago soyoil they only tempered further losses in canola. Declines in soybeans and soymeal, as well as European rapeseed and Malaysian palm oil weighed on values. An

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 4 (MarketsFarm) – The ICE Futures canola market was posting small losses Thursday morning, seeing some consolidation after Wednesday’s gains. Losses in Chicago soybeans accounted for some spillover selling pressure in the Canadian oilseed, with recent weakness in crude oil also bearish for the agricultural markets in general.

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, after starting the session to the downside. Support for canola came from upticks in Chicago soybeans and soyoil, while pressure came from soymeal. Losses in European rapeseed also weighed on values while the Malaysian palm oil market

By Glen Hallick, MarketsFarm WINNIPEG, May 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures swung higher at midday Wednesday, gleaning support from gains in Chicago soyoil. Only the very sparsely traded May 2024 was down slightly. Canola ended overnight trading on a mixed note, and shortly after today’s session began, prices for old and new

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, May 3 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged overnight, with the bias turning lower Wednesday morning with the largest losses in the new crop November contract. The widening old/new crop spread was a feature of the activity, as attention turns to the

By Glen Hallick, MarketsFarm WINNIPEG, May 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, although the gains in the new crop contracts faded. A trader said weakness in the Canadian dollar lent support to canola. At mid-afternoon on Tuesday, the loonie was at 73.41 U.S. cents, compared to Monday’s close of

By Glen Hallick, MarketsFarm WINNIPEG, May 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Tuesday due to a weaker Canadian dollar, according to a trader. “It seems to be getting most of its support from the Canadian dollar. Sometimes the dollar will have an immediate influence on canola,” he commented. The