Futures markets

WINNIPEG – Intercontinental Exchange (ICE) canola futures closed higher on Friday, after overcoming earlier losses. That’s despite hefty pressure from significant losses in global crude oil that put pressure on vegetable oils , as well as those in Chicago soyoil. Slight losses in Chicago soybeans added more pressure, while support came from upticks in soymeal,

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed at midsession on Friday, as they try to recover from larger losses earlier in the morning. An analyst said the Canadian oilseed was “sort of stable” compared to other vegetable oils. Chicago soyoil was down hard, along with soybeans,

WINNIPEG – The ICE Futures canola market was higher despite a mixed tone in vegetable oils. Chicago soyoil was lower to start the day, but European rapeseed and Malaysian palm oil both made gains. Crude oil was steady to higher on Friday morning as a recovery in Chinese demand goes slowly and crude oil stockpiles

By Glen Hallick, MarketsFarm WINNIPEG, Feb 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw declines on the old crop contracts on Thursday, while the new crop positions crept up a little. A trader said the spreaders have been pushing around canola as means to make a profit. However, he stressed it’s highly unlikely there’s

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Thursday, in what a trader said was a “rebalancing” of the market by spreaders. “They like to push spread around and make some money,” the trader commented, noting that no one in canola market is interested

WINNIPEG – The ICE Futures canola market was slightly lower Thursday morning despite mixed sentiment in comparable oils. While Chicago soyoil was higher to start trading, both European rapeseed and Malaysian palm oil were mixed. Crude oil was also on either side of steady as traders weighed Chinese demand and the United States Federal Reserve’s

By Glen Hallick, MarketsFarm WINNIPEG, Feb 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures fell back on Wednesday, pulled down by weakness in comparable oils. An analyst said the Canadian oilseed remains rangebound, climbing higher for a few days only to retreat for a few days. Chicago soybeans and soyoil incurred significant losses while soymeal

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midsession on Wednesday, being pulled down by weakness in comparable oils. The Chicago soy complex was experiencing significant declines in soybeans and especially soyoil, while soymeal was down slightly. European rapeseed was grinding lower, and the Malaysian palm

WINNIPEG – The ICE Futures canola market was struggling to find direction on Wednesday morning as traders await a potential key interest rate hike from the United States Federal Reserve. Chicago soyoil was down along with Malaysian palm oil. European rapeseed was mixed with positive sentiment. Crude oil was also mixed and struggling to find

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday in a show of independent strength as support from comparable oils was mixed. There were strong upticks in Chicago soyoil, but soybeans were either side of steady while soymeal was lower. Malaysian palm oil was also down,