Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 20 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, taking back some of the losses posted earlier in the week as the underlying technical and fundamental signals remain supportive. Canadian markets will be closed Monday for Victoria Day, with pre-weekend positioning likely behind some

By Glen Hallick, MarketsFarm WINNIPEG, May 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned higher on Friday morning, after pushing lower during the overnight session. Upticks in the Chicago soy complex, combined with gains in European rapeseed and Malaysian palm oil, lent support to canola. Global crude oil prices were virtually unchanged, providing no

Compiled by Glen Hallick, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was higher on Thursday, taking advantage of a weaker United States dollar. The loonie closed at US$0.7807 or US$1=C$1.2809, compared to Wednesday’s close of US$0.7788 or US$1=C$1.2841. On the U.S. Dollar Index, the greenback dropped sharply by 0.962 of a point at

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, seeing a continuation of Wednesday’s selloff as investors continued to back away from riskier assets and book profits on their long positions. Losses in Chicago Board of Trade soyoil and other vegetable oil markets accounted for some

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 19 – (MarketsFarm) – ICE Futures canola contracts were mixed at midday Thursday, with losses in the new crop months while the nearby July contract recovering from earlier declines to post small gains. A worldwide move away from riskier assets accounted for some of the early selling pressure in

By MarketsFarm WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was stronger Thursday morning amid expectations for continued interest rate hikes in the country. At 8:44 a.m. CDT Thursday morning the Canadian dollar was at US$0.7818 or US$1=C$1.2791, which compares with Wednesday’s close of US$0.7788 or US$1=C$1.2841. Canada’s Industrial Product Price Index (IPPI) was up

By Glen Hallick, MarketsFarm WINNIPEG, May 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were retreating on Thursday morning, taking their cue from declines in other comparable oils. As sharp drops in global crude oil prices put pressure on edible oils, Chicago soyoil was falling back along with European rapeseed and Malaysian palm oil. Gains

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 18 (MarketsFarm) – The ICE Futures canola market was sharply lower on Wednesday, with losses in most outside vegetable oil markets providing the catalyst for the selloff. Chicago Board of Trade soyoil, Malaysian palm oil, and European rapeseed futures were all down on the day, with losses in crude