Futures markets

WINNIPEG – The ICE Futures canola market was struggling to find a certain direction on Friday despite rises in crude and vegetable oils. The Chicago soy complex gained positive momentum after a slow start to Friday. Meanwhile, European rapeseed and Malaysian palm oil were all higher, with crude oil gaining more than US$3 per barrel.

WINNIPEG – The ICE Futures canola market was struggling to find a certain direction at midday on Friday despite rises in crude and vegetable oils. “Canola’s had a good upswing over the last two weeks, but now everything seems to be getting a little bit choppy and erratic,” one trader said. “Soybeans have been a

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 7 (MarketsFarm) – The ICE Futures canola market was bouncing around both sides of unchanged Friday morning as traders adjusted positions ahead of the Thanksgiving long weekend. Canadian markets will be closed Monday, Oct. 10 for the holiday. Chicago Board of Trade soybeans and soyoil were weaker Friday morning,

WINNIPEG – The ICE Futures canola market ended Thursday on a down note after approaching resistance at certain price levels. Sun and cloud were forecast for much of the Prairies today with high temperatures in the double digits for much of Alberta. Last night’s low temperatures in Saskatchewan and Manitoba were in negative territory, causing

WINNIPEG – The ICE Futures canola market was in the red at midday Thursday to go along with broad-based selling across most commodities. One trader believes that canola’s current price point has made it attractive to start selling action. “There seems to be an increase in farmers selling this week right across the Prairies. We’re

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 6 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, taking back Wednesday’s gains as losses in outside markets spilled over to weigh on values. The Chicago soy complex and European rapeseed futures were both posting sizeable declines, although Malaysian palm oil held closer to unchanged. Chart-based

WINNIPEG – The ICE Futures canola market traded higher on Wednesday to go with a mixed tone in vegetable oils. The Chicago soy complex was mostly lower on Wednesday while European rapeseed was higher and Malaysian palm oil was lower. Meanwhile, crude oil prices were on the rise as OPEC+ gets set to announce reduced