Futures markets

WINNIPEG – The ICE Futures canola market was on track for its 10th consecutive negative session on Thursday, despite mixed sentiment in comparable oils. Chicago soyoil was up, while European rapeseed and Malaysian palm oil were both down. After going into freefall on Wednesday, crude oil was making small gains this morning. One analyst said

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 16 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, posting losses for the 10th session in a row as the speculative selling pressure weighing on values showed no signs of subsiding. Ongoing global economic uncertainty and resulting weakness in crude oil contributed to the declines

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 15 (MarketsFarm) – The ICE Futures canola market settled lower for the ninth-straight session, as bearish technical signals and losses in outside markets weighed on values. Global economic concerns, highlighted by heavy losses in crude oil and sharp declines in shares of European bank Credit Suisse weighed heavily

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 15 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, moving lower for the ninth session in a row as bearish technical signals and spillover from outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil were all weaker, with losses in

WINNIPEG – The ICE Futures canola market was still in the red on Wednesday morning to go along with weakness in crude oil. The collapse of Silicon Valley Bank is still having detrimental effects on the markets, including crude oil where it was down nearly US$3 per barrel this morning. Meanwhile, Chicago soyoil, European rapeseed

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 14 (MarketsFarm) – The ICE Futures canola market continued its downward slide on Tuesday, with futures hitting their weakest levels in over a year. Chart-based speculative selling was a feature, as bearish technical signals had fund traders adding to their large short positions. Losses in European rapeseed and

By Glen Hallick, MarketsFarm WINNIPEG, March 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Tuesday, being pulled down by declines in most comparable oils. Soybeans and soymeal were to the downside at the Chicago Board of Trade but gains in soyoil helped to temper further decreases in canola. Meanwhile, losses

WINNIPEG – The ICE Futures canola market is on track for losses in an eighth consecutive session on Tuesday morning as comparable oils also move lower. While Chicago soyoil was higher to start the day, Malaysian palm oil was down and European rapeseed was mostly lower. Crude oil dropped by nearly US$2 per barrel after

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 13 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, seeing a continuation of the previous week’s selloff as speculators remained on the sell side of the market. Losses in the Chicago soy complex and a firmer tone in the Canadian dollar added to the weakness