Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, as speculators continued to liquidate long positions. Losses in Chicago soyoil and European rapeseed accounted for some spillover selling in the Canadian oilseed, although Malaysian palm oil held closer to unchanged. A lack of significant weather concerns

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 21 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, seeing a continuation of the selling pressure that’s weighed on values for the past week. “There’s a lot of speculative liquidation,” said a trader, adding that “money is flowing out of canola and soyoil.” The European

By Glen Hallick, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to fall back on Tuesday morning, as all contracts slipped below C$1,000 per tonne. After trading resumed at the Chicago Board of Trade (CBOT) the soy complex was down hard. Also, there were steep declines in European rapeseed while those

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, hitting its weakest levels in three months as speculative selling built on itself. Malaysian palm oil and European rapeseed futures were both down on the day, with last week’s selloff in crude oil bearish for vegetable oil

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 20 – (MarketsFarm) – ICE Futures canola contracts were sharply weaker at midday Monday, as declines in outside oilseed markets weighed on values. Malaysian palm oil and European rapeseed futures were both down on the day, with last week’s selloff in crude oil bearish for vegetable oil in general.

By Glen Hallick, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to slide back on Monday morning, carrying on from last week’s retreat as new crop contracts have slipped under C$1,000 per tonne. The United States markets are closed today to mark Juneteenth, with trading set to resume this evening. There

By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) fell hard on Friday in heavy trading, as tumbling crude oil prices weakened North American oilseeds. Losses in Chicago soybeans and especially sharp declines in soyoil weighed on canola values. A moderate pull back in Malaysian palm oil added

By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were weaker at midday Friday, due to tumbling crude oil prices weighing on vegetable oil values. “Crude oil is the big mover. The overall macro is this recession is going to cause oil to decline,” an analyst commented. A