Futures markets

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

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise Tuesday morning, continuing from overnight gains. Support came from increases in Chicago soybeans and soyoil, as well as Malaysian palm oil. However, there were declines in European rapeseed and Chicago soymeal which tempered further increases. Global crude

WINNIPEG – The ICE Futures canola market traded lower on Monday, overcoming morning weakness while following the lead of crude oil. There was strength throughout the Chicago soy complex with soybeans, soyoil and soy meal all higher to end the day. European rapeseed traded lower, while Malaysian palm oil was not traded on Monday. Crude

WINNIPEG – The ICE Futures canola market was mostly weaker at midday Monday to go along with declines in crude oil prices. One trader commented that macroeconomic events are influencing the behaviours of canola buyers. “We’re kind of looking at outside influences, (such as) civil unrest in China. They’re also looking at crude oil as

WINNIPEG – Intercontinental Exchange (ICE) canola futures were slightly lower on Monday morning, due to declines in comparable oils. Chicago soybeans and soyoil were to the downside, as was European rapeseed. Malaysian palm oil wasn’t trading today. Growing unrest in China over COVID-19 lockdown measures has spooked the crude oil market, with prices pulling back.

By Phil Franz-Warkentin, MarketsFarm   WINNIPEG, Nov. 25 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, retreating from earlier gains as bearish chart signals kept the momentum to the downside ahead of the weekend. While strength in European rapeseed and Malaysian palm oil futures provided some support, a downturn in Chicago soyoil