Futures markets

By Glen Hallick, MarketsFarm WINNIPEG – Intercontinental Exchange (ICE) canola futures were higher on Friday morning, following the release of Statistics Canada’s (StatCan) production report. The federal agency cut canola production for 2022 by almost one million tonnes from it’s September estimate of nearly 19.1 million tonnes. The 18.17 million tonnes came in below most

WINNIPEG – The ICE Futures canola market took a tumble on Thursday after a price drop in Chicago soyoil. Soyoil fell 4.5 United States cents per pound in the January contract after the Environmental Protection Agency (EPA) announced new biofuel blends for 2023, which will require less soyoil than expected. European rapeseed also ended the

WINNIPEG – The ICE Futures canola market was in the red at midday Thursday, with a five United States cents per pound drop in Chicago soyoil partly to blame. The U.S. Environmental Protection Agency (EPA) is set to announce new biofuel blends in the next few days. But one trader believes that canola prices are

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures lower on Thursday morning, as sharp declines in Chicago soyoil weighed on values. Additional pressure came from losses in Chicago soybeans, but soymeal was higher. European rapeseed and most Malaysian palm oil contracts were also to the downside. Support from upticks

WINNIPEG – After morning losses, the ICE Futures canola market recovered to be higher on Wednesday but remained rangebound. While Chicago soyoil ended lower, European rapeseed and Malaysian palm oil were both higher. Crude oil rallied by two United States dollars per barrel due to U.S. stockpiles having their largest decline since 2019. At mid-afternoon,

WINNIPEG – The ICE Futures canola market was slightly lower at midday Wednesday after having encountered resistance at the C$850 per tonne mark. One trader attributed the decline to a collapse in soyoil prices at the start of trade, falling by more than three United States cents per pound in the span of a half-hour

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to push higher on Wednesday morning, supported by increases in comparable oils. There were gains Chicago soy complex, as well as European rapeseed and Malaysian palm oil. As OPEC+ prepared to discuss possible production cuts, there were upticks in global

WINNIPEG — The ICE Futures canola market rallied on Tuesday, making gains in the double-digits with funds putting money back into the long side of the market. While Chicago soyoil was fractionally lower, European rapeseed and Malaysian palm oil were both higher. Crude oil was slightly higher, as OPEC+ plans to meet on the weekend

WINNIPEG – The ICE Futures canola market was rallying at midday Tuesday, making gains in the double-digits. One analyst said that more fund money was being put into the long side of the canola market after they went short last week. The analyst also predicted that nearby canola could rise as high as C$875 per