ICE Canola Midday: Russia breaks export agreement

Surge in wheat spilling over into veg oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Monday, as Russia pulling out of the export agreement with Ukraine dominates the grain markets. Russia announced on Sunday that it’s withdrawing from the multi-lateral agreement that permits grain to be exported out of Ukrainian ports. The move

ICE canola jumps as October comes to a close

WINNIPEG – The ICE Futures canola market was higher to start the week as the nearby November contract gets set to expire. Crude oil softened Monday morning due to weak economic data from China, but production cuts from OPEC+ are expected to begin in November. Chicago soyoil traded higher, as well as European rapeseed. Malaysian


Cattle numbers, prices stay strong on week

Cattle numbers, prices stay strong on week

Sale traffic seen as normal for the middle of fall run

The number of cattle moving through the rings at Manitoba cattle auction sites for the week ended Oct. 20 remained strong in the middle of the fall run. In total, 15,955 head were sold at auction, marking a 51 per cent increase from the previous week’s total of 10,539. All eight sites in the province exceeded 1,100



ICE canola down at midday, but off lows

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, but off its session lows as support was uncovered to the downside. The January contract briefly dipped below the C$860 per tonne level but uncovered some buying interest to move back into its nearly month-long C$860

ICE Canada Morning Comment: Canola stepping back

Weakness in comparable oils weigh on values

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower on Friday morning, following losses in comparable oils. There were decreases in the Chicago soy complex as well as European rapeseed and Malaysian palm oil. Modest declines in global crude oil prices put more pressure on vegetable


North American Grain/Oilseed review: Canola corrects lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, taking back Wednesday’s gains as the futures continued to hold within a sideways trading range. Losses in Chicago soyoil contributed to the selling pressure in canola. However, Malaysian palm oil held reasonably steady and European rapeseed futures

ICE canola weaker at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, taking back Wednesday’s gains as the futures continued to hold within a sideways trading range. The largest losses were in the nearby November contract, with thin volumes exaggerating moves in the front month as traders clean


Bullish signals loom large over rangebound canola trade

Bullish signals loom large over rangebound canola trade

Supplies in the commercial pipeline remain large for now

The ICE Futures canola market held rangebound during the week ended Oct. 20, with historically wide crush margins and supportive underlying fundamentals still not enough to break values out of their sideways pattern. However, there were some bullish technical signs hinting a turn higher could be in the works. Intermonth spreading accounted for much of

ICE Canada Morning Comment: Most canola contracts on the rise

Support coming from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mostly higher on Thursday morning, with the nearby November contract the exception. With the first notice day for November futures being Oct. 31, trading in the nearby canola contract has rapidly dwindled. Support for canola was coming from