Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Thursday as they attempt to recover from larger losses. Pressure on the Canadian oilseed came from declines in the Chicago soy complex, European rapeseed and Malaysian palm oil. Also, global crude oil prices were lower which weighed

WINNIPEG – The ICE Futures canola market was lower Thursday morning mainly due to weakness in crude and vegetable oils. Crude oil prices were dropping as part of a broad commodity selloff. The United States dollar rose after the Federal Reserve announced on Wednesday it raised its key interest rate by 75 basis points. Chicago

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Wednesday, after turning around from earlier losses. With Russia stating it will re-enter the Black Sea export agreement, there was a general sell-off in the grain markets. However, canola and other oilseeds fended off the pressure to turned

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned higher on Tuesday, after getting caught up in the general sell-off that rippled through the grain markets earlier in the session. Russia announced this morning that it will re-enter the Black Sea export agreement. On Sunday, Russia said it was

WINNIPEG – The ICE Futures canola market was in decline Wednesday morning largely due to falling vegetable oil prices and spillover from broad selling in grain markets. Russia announced this morning it will re-enter an agreement to allow Ukrainian grain shipments on the Black Sea. Crude oil was only on the negative side of unchanged

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, starting the day with a show of independent strength, according to a trader. He said the nearby January contract could climb higher provided Chicago soyoil remains far above 70 U.S. cents per pound. The trader stressed that

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday, despite a sell-off in Chicago soyoil earlier this morning. “Canola managed to percolate up,” a trader commented, noting the Canadian oilseed demonstrated a small amount of independence from soyoil. He suggested the January contract could “kick higher”

WINNIPEG – The ICE Futures canola market was slightly higher to start Tuesday, being aided by rising crude oil prices, after a large rally on Monday. Crude oil jumped as the market awaits the United States Federal Reserve’s next key interest rate decision on Wednesday. OPEC+ is also planning on cutting crude oil production starting

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday, benefitting from increases in vegetable oils. The upticks in veg oils were due to spillover from a surge in wheat prices caused by Russian pulling out of the agreement to allow Ukraine to export grain from its