Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midsession on Thursday, in what an analyst quipped, “the mystery of the day.” The strongest gains were in the old crop months as traders continued to exit their short positions. “The new crop months are far more tepid

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 13 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, with gains in the front months and a softer tone in the new crop contracts. European rapeseed and Malaysian palm oil futures were both lower on the day, accounting for some spillover selling pressure in the

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Wednesday, getting hit with spillover from sharp losses in Malaysian palm oil and European rapeseed. Only the nearby May canola contract was higher. Pressure on the Canadian oilseed also came from losses in Chicago soyoil. Meanwhile soybeans

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midsession on Wednesday, with double-digit losses in the new crop positions. An analyst said pressure from a sharp drop in Malaysian palm oil prices was to blame. He warned the new crop November canola contract could fall below

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 12 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing a continuation of Tuesday’s downturn. Losses in Chicago soyoil accounted for some spillover selling pressure in the Canadian oilseed. Malaysian palm oil and European rapeseed futures also posted sharp declines overnight. Speculative positioning was expected

By Glen Hallick, MarketsFarm WINNIPEG, April 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday in a correction from recent gains. There was a little bit of pressure on the Canadian oilseed from small losses in European rapeseed. Gains in the Chicago soy complex as well as Malaysian palm oil tried to

By Glen Hallick, MarketsFarm WINNIPEG, April 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Tuesday, in what a trader called a “corrective rebound.” The trader noted that canola had been on the upswing recently and today’s activity was rectifying the situation. He added that there appears to be little upside

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, April 11 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Tuesday morning, lacking any clear direction as participants squared positions ahead of the United States Department of Agriculture’s monthly supply/demand report. The USDA will release its report at 11:00 CDT, with any surprises in the data likely

By Glen Hallick, MarketsFarm WINNIPEG, April 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday in choppy activity, as large short positions in the nearby May contract still need to be dealt with. There was very little support for the Canadian oilseed in the outside markets. The Chicago soy complex was steady

By Glen Hallick, MarketsFarm WINNIPEG, April 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midsession on Monday, as trading resumed following the Easter holiday. The only contracts falling back were the sparsely traded deferred positions in 2024. An analyst commented there are still a large number of short positions to be