Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, June 27 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) are stronger on Monday adding to Friday’s turnaround. Support was derived from gains in the Chicago soy complex, but losses in European rapeseed and the overnight session in Malaysian palm oil tempered further increases. Modest upticks in crude oil

By Glen Hallick, MarketsFarm WINNIPEG, June 27 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were higher at midday Monday, gleaning support from gains in the Chicago soy complex. Pressure from losses in European rapeseed and the overnight session of Malaysian palm oil were “the flies in the ointment”, said an analyst. However, modest

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 27 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, seeing a continuation of Friday’s recovery off nearby lows to start the week. Gains in Chicago soyoil and Malaysian palm oil provided spillover support for the Canadian oilseed, although European rapeseed futures were weaker. Last week’s selloff

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The ICE Futures canola market managed to see a modest correction ahead of the weekend on ideas recent losses were overdone. End-user bargain hunting was also supportive. Gains in Chicago soyoil and European rapeseed futures provided spillover support, with crude oil and Malaysian palm oil also

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 – (MarketsFarm) – ICE Futures canola contracts were higher at midday Friday, seeing a modest correction ahead of the weekend on ideas the sharp declines over the past week were overdone. End-user bargain hunting was also supportive. Gains in Chicago soyoil and European rapseed futures provided spillover support,

By Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were modestly higher on Friday morning, after pushing lower for more than a week. Support came from increases in the Chicago soy complex and European rapeseed, but Malaysian palm oil was presently lower. Global crude oil prices were climbing, which added

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 23 (MarketsFarm) – The ICE Futures canola market remained pointed sharply lower on Thursday, finding itself caught up in a broad speculative selloff. Mounting concerns over a recession, as many countries raise interest rates to counter rising inflation, had speculators bailing out of many markets with losses in crude

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 23 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, as the speculative selloff continued for another day. A lack of significant weather concerns across the Prairies added to the bearish sentiment. “The selling pressure is huge,” said an analyst on the broad weakness in most

By Glen Hallick, MarketsFarm WINNIPEG, June 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures fell back more on Thursday morning, continuing its retreat for what could become a seventh-consecutive session. Pressure came from losses in Chicago soybeans and soymeal, while soyoil was virtually unchanged. Lower European rapeseed prices weighed on canola values, but support came