ICE Canola Midday: Short covering fueling upswing

Additional support from other veg oils

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midsession on Monday, with increases for the old crop months in the mid to higher teens. While support was coming other vegetable oils, an analyst suggested the upticks in canola were due to increased short covering. Additional support

ICE canola jumps to start week

WINNIPEG – The ICE canola futures market surged higher to start the week, supported by higher soybean prices and a weaker Canadian dollar. Chicago soyoil was on the rise at the start of trading Monday, while European rapeseed was mostly higher. Malaysian palm oil, on the other hand, was mostly lower. Crude oil was down



Cattle futures seen supporting local bids

Cattle futures seen supporting local bids

Buying interest from the U.S. hasn’t yet materialized

Feeder cattle moving through Manitoba’s auction marts saw good demand and solid prices in mid-January as activity picked up following the holiday season. “It’s very positive,” said Allan Munroe of Killarney Auction Mart, which held its first sale of 2023 on Jan. 16 with just over 1,000 head on offer. He noted there were 600-weight feeder steers nearing


ICE canola continues higher at midday Friday

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 27 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, seeing a continued recovery off nearby lows to end the week. Wide crush margins and ideas the canola market was looking oversold after its recent selloff contributed to the gains. A rally in Malaysian palm

ICE Canada Morning Comment: Weakness in soy complex pulls down canola

Rapeseed mixed as palm, crude oils provide support

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning. Pressure came from a downturn in Chicago soy complex. Meanwhile European rapeseed was narrowly mixed and Malaysian palm oil finished with strong increases. Gains in global crude oil prices provided support to vegetable oils. Canola crush


North American Grain/Oilseed Review: Canola rises with spec buying, outside markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, seeing a continuation of Wednesday’s correction off nearby lows as gains in outside markets provided spillover support. Chicago soybeans and soyoil were higher on the day, underpinned by solid export demand and ongoing South American production

Farmer Ignacio Bastanchuri walks in a parched wheat field at Navarro in Argentina’s Buenos Aires province in December 2022. Several growing regions of the country expect moisture soon, but some predict it will be too late for recently planted soy and corn crops.

Soybean prices may remain unsettled

Canola has been relatively immune to soy’s price swings

After the U.S. Department of Agriculture cut its projections for U.S. soybean production (by 70 million bushels, to 4.276 billion) and carryout (by 10 million bushels, to 210 million) on Jan. 12, the March soybean contract lifted above the US$15 per bushel mark. Only six days later, the psychological $15.50/bu. level proved too much for


ICE canola up at midday Thursday

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, finding spillover support from outside markets. Chicago soybeans and soyoil were higher on the day, underpinned by solid export demand and ongoing South American production uncertainty. European rapeseed and Malaysian palm oil futures were also

ICE canola continues higher early Thursday

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing a continuation of Wednesday’s corrective bounce as values recovered off nearby lows. Gains in Chicago soyoil and soybeans provided spillover support, with persistent South American weather concerns and large weekly exports behind some of the