Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, April 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday morning due to a lack of support from most other vegetable oils. There were losses in Chicago soybeans and soymeal, while soyoil was relatively steady. Also, European rapeseed was lower, but some support came from gains in

WINNIPEG – The ICE Futures canola market made gains for the seventh time in eight sessions after OPEC+ members announced on Sunday they will cut crude oil production by more than one million barrels per day starting in May. Speculative short covering also contributed to the rising prices. Crude oil was up more than US$5

WINNIPEG – The ICE Futures canola market was surging on Monday, the day after OPEC+ members announced they will cut crude oil production by more than one million barrels per day starting in May. Crude oil was up more than US$4 per barrel in response to the reduced output. The upcoming production cuts also supported

By Glen Hallick, MarketsFarm WINNIPEG, April 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were up sharply on Monday morning due to a spike in global crude oil prices. The OPEC+ alliance announced this morning they were cutting their oil production by 1.16 million barrels per day starting in May and going throughout the rest

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures returned to the green side on Friday. An analyst said canola began to shed its losses from Thursday in the overnight session. There was spillover from gains in the Chicago soy complex, especially a spike in soyoil. European rapeseed made significant

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were bouncing back at midsession on Friday, with the gains starting in the overnight session. Strong upticks in Chicago soybeans and soyoil provided support for canola, while soymeal was down a little. Increases in European rapeseed also spilled over, but pressure

WINNIPEG – The ICE Futures canola market sought to end the month on a high note after its five-day rally ended on Thursday. While Malaysian palm oil was down, Chicago soyoil and European rapeseed were higher. Crude oil continued to make slight gains as exports from the Iraqi province of Kurdistan remained at a standstill.

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures ended its rally on Thursday when prices gave up gains made in the morning. A trader warned that other vegetable oils were beginning to run into resistance. He commented that with spring planting approaching the markets will now watch the weather

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher at midsession on Thursday, as the funds continued to push prices higher, according to a trader. “They will keep it going as long as they can,” he said, but warned the outside markets were showing signs of resistance. The