Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – ICE Futures canola contracts continued their downtrend at midday Wednesday, hitting their weakest levels in nearly two months as bearish technical signals kept speculators on the sell side of the market. Losses in crude oil added to the weakness in canola, with Chicago soyoil, Malaysian palm

WINNIPEG – The ICE Futures canola market was weaker on Wednesday morning due to declines in crude and vegetable oils. Crude oil tumbled after reports surfaced that the European Union was considering putting a price cap on Russian oil between US$65 and US$70 per barrel. The rising number of COVID-19 cases in China was also

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The ICE Futures canola market posted losses for the fifth-straight session on Tuesday, as bearish technical signals kept speculators on the sell side of the market once again. Fund traders and other speculators were reportedly trading canola against the soy market and taking advantage of thinner

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, with speculative selling pressure a feature. The losses in canola came despite gains in Chicago soyoil futures, with Malaysian palm oil also slightly firmer. However, European rapeseed was weaker and the Canadian dollar was stronger, which both

WINNIPEG – The ICE Futures canola market underwent some weakness to start trading on Tuesday. Crude oil was making gains after reports on Monday saying that OPEC+ was planning on increasing output were denied by both Saudi Arabia and Kuwait. However, the rising number of new COVID-19 cases in China was still putting pressure on

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, seeing some follow-through selling after last week’s declines with some stops likely hit on the way down as prices dipped below some major moving averages. Renewed COVID-19 concerns in China weighed heavily on crude oil in early

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – ICE Futures canola contracts were sharply weaker at midday Monday, seeing a continuation of last week’s declines as losses in outside markets weighed on values. Renewed COVID-19 restrictions in China weighed heavily on crude oil, with that selling pressure spilling into the canola market as well.

WINNIPEG – The ICE Futures canola market was in retreat Monday morning, following the lead of falling crude oil prices. Crude oil had its largest weekly decline since August on Friday due to new COVID-19 restrictions in China. The city of Guangzhou was locked down on Monday morning, causing further declines. Chicago soyoil and European

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 18 (MarketsFarm) – The ICE Futures canola market was mostly weaker on Friday, as bearish technical signals kept the path of least resistance pointed lower ahead of the weekend. The losses came despite gains in the Chicago soy complex and a softer tone in the Canadian dollar, which caused