Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market backed away from overnight gains Friday morning to post small losses as traders squared positions ahead of the weekend. Gains in Chicago soyoil provided spillover support for the Canadian oilseed, but it retreated from its highs and was closer to unchanged

WINNIPEG – The ICE Futures canola market continued to show weakness on Thursday while there was overall mixed sentiment in comparable oils. Chicago soyoil was lower along with European rapeseed. However, Malaysian palm oil was mixed. After early declines due to economic growth concerns and a 7.6 million barrel increase in U.S. commercial stockpiles according

WINNIPEG – The ICE Futures canola market continued to show weakness on Thursday while there was overall mixed sentiment in comparable oils. One analyst said that canola has traded rangebound since early December and that C$830 per tonne is a “fairly important support level.” “If that doesn’t hold, then C$800/tonne has been the longer-term support

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The ICE Futures canola market was mostly lower Thursday morning, backing away from overnight gains as the market remains stuck in a sideways trading range. The Chicago soy complex was mixed in early activity, providing little direction as soybeans were lower but soyoil was slightly firmer.

WINNIPEG — The ICE Futures canola market was in decline on Wednesday despite mixed sentiment in comparable oils. Chicago soyoil, along with Malaysian palm oil were both higher, while European rapeseed was lower. Crude oil was also lower, despite optimism over rebounding Chinese demand and a report from the International Energy Agency (IEA) predicting record

WINNIPEG – The ICE Futures canola market was in decline on Wednesday despite rising prices for comparable oils. One trader said that while there was some buying earlier this morning, canola prices have come down due to weakness in soybeans and soymeal. The trader attributed this weakness to rains falling on drought-stricken growing areas in

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Jan. 18 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with gains in the front months but a softer tone in the new crop November contract. Gains in Chicago soyoil and Malaysian palm oil provided some underlying support for the Canadian oilseed, with crude oil also