Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Wednesday, as growers have become interested in selling. “They’ve sat through the winter on canola, and then they haven’t done any new crop pricing,” a trader commented, noting that current prices are still pretty good. However,

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 8 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling after Tuesday’s downturn despite a firmer tone in the Chicago soy complex. Damage was done from a chart standpoint during Tuesday’s selloff, with the May canola contract falling below nearby chart support

By Glen Hallick, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday pulled down by losses in comparable oils. Comments made by United States Federal Reserve Chair Jerome Powell triggered sharp declines in global crude oil prices. In turn, that put pressure on the vegetable oils. The Chicago soy

By Glen Hallick, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Tuesday, being pulled down by weakness in vegetable oils. There were sharp declines in Chicago soyoil and European rapeseed, with more moderate losses in Malaysian palm oil. An analyst said comments made today by United States

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 7 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, taking direction from losses in many outside markets. Chicago soyoil, European rapeseed, and Malaysian palm oil futures were all weaker in overnight trade, although a steadier tone in crude oil did temper the declines in the

By Glen Hallick, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures gave up their earlier gains to finish narrowly mixed on Monday. The were small losses in the old crop months and slight upticks in the new crop positions. Pressure on canola came from declines in Chicago soyoil, European rapeseed and Malaysian

By Glen Hallick, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midsession on Monday, in light of a mixed market in comparable oils. “There’s not a lot of joy in the veg oils today,” an analyst commented. Losses in Chicago soyoil, European rapeseed and Malaysian palm oil weighed

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, March 6 (MarketsFarm) – The ICE Futures canola market was mostly lower Monday morning, although activity was thin and choppy. Losses in Chicago soyoil accounted for some spillover selling pressure in the Canadian oilseed, with European rapeseed and Malaysian palm oil also weaker on the day. Canola remains stuck

WINNIPEG — The ICE Futures canola market was lower to end the week despite overall positive sentiment for comparable oils. While Chicago soyoil was down, European rapeseed and Malaysian palm oil were both up. Crude oil recovered from a sharp downturn this morning to make more than US$1 per barrel. This morning, Saudi Arabia denied