Futures markets

WINNIPEG – The ICE Futures canola market was slightly higher at midday on Monday despite falling vegetable oil prices. Chicago soyoil was mixed to start the week, while both European rapeseed and Malaysian palm oil were in the red. Meanwhile, crude oil gained less than one United States dollar per barrel. The Canadian dollar has

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, as supportive technical signals kept the nearby path of least resistance pointed higher. Crush margins remain historically wide, which should be keeping end users in the market as well. Meanwhile, farmer selling has backed away for the

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) –Intercontinental Exchange (ICE) canola futures were mostly lower on Friday after making gains for much of the session. This marks the second time this week the Canadian oilseed lost its increases. There was a sharp spike in the global crude oil prices following China’s announcement that it’s

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday, following the upticks in comparable oils. Global crude oil prices surged upward after China announced it would make changes to it Zero-COVID policy, according to an analyst. The spillover from crude was benefitting vegetable oils, with sharp

WINNIPEG – The ICE Futures canola market was higher on Friday morning to go along with major gains in crude oil. After speculation emerged that China would be making changes to its “zero-COVID” policy which had previously slowed down the country’s economy, crude oil rallied to its highest level in more than three weeks. Chicago

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – In the face of a good amount of pressure, Intercontinental Exchange (ICE) canola futures couldn’t hang on to gains Thursday but managed to close narrowly mixed. The Canadian oilseed lost support when Chicago soyoil turned lower. Chicago soybeans and soymeal, plus European rapeseed and Malaysian palm