Futures markets

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

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 22 (MarketsFarm) The ICE Futures canola market continued its speculative selloff on Wednesday, dropping sharply lower as speculators bailed out of long positions. In addition to the bearish technical signals, losses in outside vegetable oil markets contributed to the declines in canola, with Chicago soyoil, European rapeseed and Malaysian

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 22 – (MarketsFarm) – ICE Futures canola contracts were sharply weaker at midday Wednesday, as speculators continued to bail out of long positions and bearish technical signals weighed on values. Losses in outside vegetable oil markets contributed to the declines in canola, with Chicago soyoil, European rapeseed and Malaysian