Futures markets

WINNIPEG – The ICE Futures canola market was mostly higher to start the day. Chicago soyoil and European rapeseed were lower, but there were gains in Malaysian palm oil. Crude oil is in positive territory after two days of losses, but it is still on track for its first negative week since last month’s banking

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market posted sharp losses for the second session in a row on Thursday as losses elsewhere spilled over to weigh on values. Chicago soyoil and European rapeseed futures were both softer on the day, with declines in crude oil contributing to

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was sharply lower at midday Thursday, taking some direction from outside markets. Chicago soyoil and European rapeseed futures were both softer on the day, with declines in crude oil contributing to the bearish sentiment in world vegetable oils. Speculative positioning

WINNIPEG – The ICE Futures canola market was trading lower on Thursday following extended losses in crude oil. Despite a 4.5 million barrel draw in United States stockpiles last week, according to the Energy Information Administration (EIA), economic pessimism helped bring crude oil prices down. Chicago soyoil was steady, European rapeseed was down and Malaysian

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market was weaker at Wednesday’s close, retreating from earlier gains in choppy activity. Losses in Chicago soyoil and European rapeseed futures accounted for some of the spillover selling pressure in canola, with chart-based positioning adding to the eventual declines. The new

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 19 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged on Wednesday, with the bias to the upside in most months at midsession. Concerns over spring seeding delays accounted for some of the strength in the new crop months, according to a trader

WINNIPEG – The ICE Futures canola market was mixed on Wednesday morning, despite declines in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower. Crude oil also retreated by more than US$1 per barrel due to recession fears. A weather system is expected to bring between 20 to 40 centimetres of

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 18 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, seeing a continuation of Monday’s rally as speculative fund traders remained on the buy side covering some of their large net short position. Gains in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, seeing some follow-through buying interest after Monday’s gains. Fund traders are still holding large net short positions in canola and have been busy buying back some of those positions and booking profits. Gains in Chicago