Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 10 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were steady to higher on Thursday morning, as traders begin to square their positions ahead of the long weekend in Canada. A number of markets in Canada will be closed for Remembrance Day tomorrow, including ICE canola. In the

WINNIPEG – The ICE Futures canola market was higher on Wednesday, making gains after two straight days of declines. Chicago soyoil traded higher along with European rapeseed, while Malaysian palm oil was mostly higher. Crude oil was more than US$2 per barrel lower due to the rising number of new COVID-19 cases in China. At

WINNIPEG – The ICE Futures canola market was higher at midday on Wednesday, making gains after two straight days of declines. One trader explained that canola is showing independent strength as it recovers from a correction in the vegetable oil market. “It managed to turn on its own and show its (firmness), which is what

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 9 (MarketsFarm) – The ICE Futures canola market was holding onto small gains Wednesday morning, seeing a modest recovery to start the day after Tuesday’s losses. The United States Department of Agriculture is set to release its monthly supply/demand report at 11:00 CST, with any surprises in the data

WINNIPEG – The ICE Futures canola market traded lower on Tuesday in response to a strengthening Canadian dollar. Chicago soyoil also traded lower, as well as European rapeseed. On the other hand, Malaysian palm oil was mostly higher. Rising numbers of new COVID-19 cases in China outweighed upcoming production cuts from OPEC+ as crude oil

WINNIPEG – The ICE Futures canola market traded lower on Tuesday morning in accordance with a strengthening Canadian dollar. Despite the oilseed losing ground, one trader believes canola is receiving support from macroeconomic factors. “It’s still showing some relative strength even though (canola’s) coming down,” the trader said. “Canola is quite undervalued within the oilseed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The ICE Futures canola market was lower Tuesday morning, backing away from overnight gains in choppy activity. A mixed tone in the Chicago soy complex kept some caution in the canola market, as traders on both sides of the border await the United States Department of

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The Canadian dollar was slightly higher on Monday, benefitting from a weaker United States dollar and despite a small set back in crude oil prices. The loonie closed at US$0.7411 or US$1=C$1.3493, compared to Friday’s close of US$0.7398 or US$1=C$1.3517. On the U.S. Dollar Index,

WINNIPEG — The ICE Futures canola market was lower on Monday to go along with declining crude and vegetable oil prices. Chicago soyoil was lower to start the week, while both European rapeseed and Malaysian palm oil were in the red. Meanwhile, crude oil was on the negative side of unchanged. The Canadian dollar moved