ICE Canada Morning Comment: Canola on the rise

Higher veg oils pulling up canola

By Glen Hallick, MarketsFarm WINNIPEG, March 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, gleaning support from other vegetable oils. There were moderate upticks in the Chicago soy complex, as well as gains in European rapeseed and Malaysian palm oil. However, pressure from a small downturn in global crude oil



ICE Midday: Canola loses Monday’s gains

WINNIPEG – The ICE Futures canola market was lower on Tuesday despite mixed sentiment in other vegetable oils and rising crude oil prices. Chicago soyoil struggled to find direction, while both European rapeseed and Malaysian palm oil are both down. Crude oil rebounded, rising by more than US$1.50 per barrel despite growing United States crude

ICE Canada Morning Comment: Canola continues slipping back

Chicago soy complex weighs on values

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures are lower on Tuesday morning, getting pressure from declines in the Chicago soy complex. Losses in European rapeseed and Malaysian palm oil were also weighing on canola values. Meanwhile, upticks in global crude oil prices tempered further decreases in vegetable oils.



ICE Midday: Canola rises on spread activity

WINNIPEG – The ICE Futures canola market was higher at midday on Monday despite mixed sentiment in comparative oils. Chicago soyoil was lower, but European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was down by nearly US$1 per barrel as speculation over further key interest rate hikes by the United States


ICE Canada Morning Comment: Canola prices either side of steady

Better weather could lead to more deliveries

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned mixed on Monday morning, with the largest gains in the immediate March contract. Support for canola came from upticks in the Chicago soy complex, European rapeseed and Malaysian palm oil. There were small losses in global crude oil prices which

“There seems to be an excess on the market, which is weighing on prices and has been over the last couple of months.”

Prices have plunged but Canadian flax still too pricey for most

China has been upping its purchases of cheaper Russian flax while Europe is buying from Kazakhstan

Flax prices have fallen by half from a year ago but are still too high to be competitive on a global level, according to one flax processor. Despite being touted as a heart-healthy food, demand for flax remains “fairly weak,” said Mike Popowich, vice president of TA Foods in Yorkton, Sask. “The price is still


Head counts likely to dip, but cattle numbers remain strong overall

Head counts likely to dip, but cattle numbers remain strong overall

Demand for Manitoba cattle comes from local and eastern buyers

The amount of cattle heading to Manitoba’s eight auction facilities continued to remain strong for the week of Feb. 10-16, with a total of 11,079 head. Last week, 7,105 were sold based on figures from seven reporting auctions. The largest week-to-week increase was for the Grunthal Auction Mart, jumping from 243 at their Feb. 7

North American Grain/Oilseed Review: Canola ends week on soft note

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 24 (MarketsFarm) – The ICE Futures canola market was mostly lower on Friday, after trading to both sides of unchanged in choppy activity. While weakness in the Canadian dollar provided some underlying support, losses in Chicago soyoil and other outside markets weighed on values. Chart-based speculative selling was