Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mixed at Wednesday’s close, with the bias lower in the most-active months as early buying interest subsided. While Chicago soyoil and Malaysian palm oil were higher, soybeans and meal were both lower which weighed on canola. European rapeseed futures were

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Wednesday, recovering from overnight losses as a turn higher in Chicago soyoil provided support. Supportive technical signals and a resulting influx of speculative short covering and new fund buying contributed to the gains,

WINNIPEG – After hitting a month-long high the day before, the ICE Futures canola market took a step back on Wednesday morning amidst widespread selling. Chicago soyoil was down, while European rapeseed was mostly lower and Malaysian palm oil was higher. Crude oil was on the decline Wednesday morning as traders awaited the release of

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 21 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday as activity resumed following the long weekend. Chart-based speculative buying was a feature with some stops hit on the way up. A rally in Chicago soyoil and soybeans accounted for some spillover buying interest in canola,

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 21 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Tuesday but was well off its session highs after running into resistance. The most-active May contract was just above its 20-day moving average of C$821 per tonne at midday. Spillover support from gains

WINNIPEG – The ICE Futures canola market made gains on Tuesday morning in its return from the long weekend. Chicago soyoil was mostly steady, while European rapeseed was mostly higher and Malaysian palm oil was lower. There was no canola trading on Monday due to the Louis Riel Day holiday. Markets in the United States

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, boosted by chart-based buying as speculators adjusted positions ahead of the long weekend. The canola market will be closed Monday, Feb. 20, for Louis Riel Day, while markets in the United States will be closed for Presidents’

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Feb. 17 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, seeing some follow-through buying after Thursday’s gains as traders adjusted positions ahead of the long weekend. The canola market will be closed Monday, Feb. 20, for Louis Riel Day, while markets in the United States

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher Friday morning, due to a weaker Canadian dollar while support from comparable oils was mixed. Faced with a stronger United States dollar and sharp declines in crude oil prices, the loonie fell back to 74.12 U.S. cents compared to