Futures markets

WINNIPEG – The ICE Futures canola market was higher on Tuesday morning, receiving support from rising crude and vegetable oil prices. Crude oil made gains due to the ongoing shutdown of the Keystone pipeline as well as the further easing of COVID-19 deadlines in China. Chicago soyoil was also higher, as well as European rapeseed

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 12 (MarketsFarm) – The ICE Futures canola market was mixed on Monday. The nearby January contract managed to hold onto a small gain, while the more deferred months were all lower. Malaysian palm oil, European rapeseed and Chicago soybean futures were all weaker on the day, accounting for

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 12 (MarketsFarm) – ICE Futures canola contracts were mixed at midday Monday, with the nearby January contract holding onto gains while the more deferred months were all lower. End of the year positioning was likely a feature, as participants were busy covering themselves ahead of the holidays. A rally

WINNIPEG – The ICE Futures canola market was modestly lower to begin the week despite higher crude oil prices and a weaker loonie. Crude oil increased due to a number of interest rate decisions this week by central banks as well as the ongoing shutdown of the Keystone pipeline, which suffered a leak last week.

By Glen Hallick, MarketsFarm WINNIPEG, Dec 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed lower on Friday after a very volatile session. The United States Department of Agriculture (USDA) surprisingly didn’t accept Statistics Canada’s latest estimate on 2022 canola production of 18.17 million tonnes. Rather the USDA pegged Canadian output at 19 million tonnes,

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher at mid-session on Friday, ahead of the December supply and demand estimates from the United States Department of Agriculture (USDA). The market will be looking to what the USDA will say about rapeseed in its world market and

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Dec. 9 (MarketsFarm) – The ICE Futures canola market was posting small losses Friday morning in thin and choppy trade. Crush margins have deteriorated sharply over the past week, causing some end user demand to back away from the market. Soybean and soyoil futures in Chicago were both slightly

By Glen Hallick, MarketsFarm WINNIPEG, Dec 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at the close on Thursday. The front contracts remained on the upswing throughout the session, while the deferred positions turned around to make gains. A trader said the shorts are scrambling to exit their January positions. He also noted