Futures markets

WINNIPEG – The ICE Futures canola market was slightly lower Friday morning, pulled down by sinking crude oil prices. Crude oil was down by more than US$2 per barrel in early trade due to a number of central banks raising key interest rates, fueling fears of a worldwide recession. Chicago soyoil was lower while European

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 15 (MarketsFarm) – The ICE Futures canola market was lower at Thursday’s close, retreating from earlier gains as speculative positioning weighed on values. Early losses in Chicago soyoil accounted for some selling pressure in canola, although soyoil managed to turn higher in the most active months by the

By Phil Franz-Warkentin,  MarketsFarm WINNIPEG, Dec. 15 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, retreating from earlier gains as losses in outside markets weighed on values. Chicago soyoil and European rapeseed futures were both down on the day, while Malaysian palm oil was also softer but off its earlier lows. A

WINNIPEG – The ICE Futures canola market was mixed on Thursday morning along with comparable oils. Crude oil had a positive bias as TC Energy re-opened one portion of the Keystone pipeline. U.S. crude oil stocks increased by 10.2 million barrels last week, the largest gain since March 2021. Chicago soyoil was slightly lower, while

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 14 (MarketsFarm) – The ICE Futures canola market was mixed at Wednesday’s close after trading to both sides of unchanged in choppy activity. Losses in Chicago soyoil accounted for some spillover selling pressure in the market, with European rapeseed also down on the day. However, Malaysian palm oil

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 14 (MarketsFarm) – ICE Futures canola contracts were mixed at midday Wednesday, although the bias was higher in the most active months as investors adjust positions in thin and choppy trade. Chicago soybean and soyoil futures were holding near unchanged, while European rapeseed was lower and Malaysian palm

WINNIPEG – The ICE Futures canola market was slightly lower on Wednesday morning, while crude and vegetable oils were mixed. Crude oil was showing a positive bias due to the ongoing shutdown of the Keystone pipeline and indications of a tightening market next year. Chicago soyoil was fractionally lower. Meanwhile, European rapeseed was lower and

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, taking some direction from activity in outside markets. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, providing spillover support. However, strength in the Canadian dollar was a bearish influence,

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 13 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, as gains in outside markets provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, pulling the Canadian oilseed up as well. Weakness in the United States dollar index