Futures markets

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 25 (MarketsFarm) – The ICE Futures canola market was posting small gains in most months at midday Wednesday, recovering from earlier losses on ideas the recent downturn was starting to look overdone. After dropping for the previous five sessions, speculative short covering was thought to be coming forward

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to fall back on Wednesday morning, moving further from its former support level of C$800 per tonne. There are concerns that the large Australian canola crop will cut into Canada’s share of the export market. Also, declines in the Chicago

WINNIPEG – The ICE Futures canola market was weaker on Tuesday, dropping below psychological support as speculative selling weighed on values. The nearby March contract fell below C$800 per tonne, which was bearish from a chart standpoint. Concerns that Australia’s large canola crop will cut into some Canadian export demand added to the softer tone,

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, dropping below psychological support as speculative selling weighed on values. The nearby March contract fell below C$800 per tonne, which was bearish from a chart standpoint. Concerns that Australia’s large canola crop will cut into

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower Tuesday morning, with the larger declines in the new crop months. There was weakness in Chicago soyoil, while gains in Chicago soybeans and soymeal, plus European rapeseed helped to temper further losses in canola. The Malaysian palm oil market

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, nearing the lower edge of its well-established trading range as speculative selling and spillover from outside markets weighed on values. Losses in Chicago soybeans accounted for some spillover selling in the Canadian oilseed, with European rapeseed also

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, nearing the lower edge of its well-established trading range as speculative selling weighed on values.   The March contract has held in a range from roughly C$800 to C$900 per tonne for the past seven

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower Monday morning, with the old crop contracts falling close to their support level of C$800 per tonne. The Chicago soy complex and European rapeseed were to the downside, while Malaysian palm oil incurred modest gains. There were small upticks

WINNIPEG — The ICE Futures canola market ended Friday with its worst showing of the week, pressured by a stronger Canadian dollar. Chicago soyoil and European rapeseed were both lower, while Malaysian palm oil was mixed. Crude oil gained more than US$1 per barrel due to optimism over a potential resurgence in Chinese demand. At

WINNIPEG – The ICE Futures canola market added to its declines at midday on Friday despite little direction from comparable oils. One trader said that long liquidation along with rain in the forecast for Argentina have helped the March canola contract break support earlier this week. “It seems to me that over the last week