Futures markets

WINNIPEG – The ICE Futures canola market had its worst day in months on Thursday, while following the lead of vegetable oils. Chicago soyoil and European rapeseed both had major downturns, while Malaysian palm oil was also in the red. However, crude oil moved upward. Statistics Canada (StatCan) released its first survey-based seeding intentions report

WINNIPEG – The ICE Futures canola market took a tumble at midday on Thursday, following the lead in vegetable oils. Chicago soyoil and European rapeseed both had major downturns, while Malaysian palm oil was also in the red. However, crude oil was struggling to find direction. Statistics Canada (StatCan) released its first survey-based seeding intentions

By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, getting pressure from other vegetable oils. The Chicago soy complex and European rapeseed were down moderately, while Malaysian palm oil incurred steeper declines. Small upticks in global crude oil prices were trying to temper further losses

WINNIPEG — The ICE Futures canola market moved upwards on Wednesday after Statistics Canada (StatCan) released its first survey-based seeding intentions report for 2023-24. Only the nearby May contract moved lower as traders exited the front month ahead of its expiry. StatCan estimated that 21.6 million acres will be used to grow canola, at the

WINNIPEG – The ICE Futures canola market moved upwards on Wednesday hours after Statistics Canada (StatCan) released its first survey-based seeding intentions report for 2023-24. StatCan estimated that 21.7 million acres will be used to grow the oilseed, at the lower end of trade expectations. One analyst said that the report had some effect on

By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to higher on Wednesday morning, following the release of the Statistics Canada (StatCan) report on prospective plantings for 2023/24. StatCan pegged canola acres just short of 21.60 million, nudging up 0.9 per cent over last year. Total wheat acres

WINNIPEG — The ICE Futures canola market was lower on Tuesday following a sharp decline in crude oil. Crude oil fell by nearly US$2 per barrel on Tuesday due to weakened demand. In turn, European rapeseed and Malaysian palm oil were also down with the latter resuming trading after a holiday. At mid-afternoon, the Canadian

WINNIPEG – The ICE Futures canola market was steady to lower on Tuesday following a sharp decline in crude oil. Crude oil fell by US$2 per barrel on Tuesday morning due to weakened demand. In turn, European rapeseed and Malaysian palm oil were also down with the latter resuming trading after a holiday. The Canadian

By Glen Hallick, MarketsFarm WINNIPEG, April 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Tuesday morning, with the bulk of the activity in the old crop contracts as traders roll their short positions from May to July. However, pressure came from losses in the Chicago soy complex as well as in