Futures markets

WINNIPEG – The ICE Futures canola market was higher on Thursday morning, largely due to strength in vegetable oils. Rain was forecast for much of Alberta today with high temperatures in the low-20 degrees Celsius range. Meanwhile, in Saskatchewan, the mercury was expected to reach the high-20s with sunny skies. Southern Manitoba will have clear

By MarketsFarm WINNIPEG, Sep. 28 (MarketsFarm) – The Canadian dollar was stronger on Wednesday, seeing a recovery after falling to its weakest level in over two years relative to its United States counterpart on Tuesday. The Canadian dollar settled at US$0.7321 or US$1=C$1.3660 on Wednesday, which compares with Tuesday’s close of US$0.7285 or US$1=C$1.3726. A

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, having turned around from earlier declines. Support for the Canadian oilseed came from gains in European rapeseed and Chicago soybeans. While Chicago soyoil and soymeal were lower, they came well away from earlier lows. Declines in Malaysian

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Wednesday due to weakness in Malaysian palm oil, according to an analyst. He said palm oil has lost 17 per cent of its value over the last five days, putting pressure on canola. However, he noted that

WINNIPEG – The ICE Futures canola market was slightly lower on Wednesday morning, while crude and vegetable oil prices were headed in the opposite direction. Sunny skies along with hot and dry conditions continue in both Alberta and Saskatchewan with the mercury approaching 30 degrees Celsius later today. In southern Manitoba, the forecast called for

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher on Tuesday, but a sudden about-face in the Chicago soy complex erased some of the Canadian oilseed’s strength. While Malaysian palm oil was relatively neutral, support for canola came from a sharp turnaround in European rapeseed. Increases in global

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) continued on their upward swing at midday Tuesday. A trader said there’s been a notable shift in the crush margins over the last week, pulling back from as high as C$345 per tonne to C$275. He said canola during

WINNIPEG – The ICE Futures canola market was higher to start Tuesday, supported by rising crude and vegetable oil prices. Conditions across the Prairies were forecast to be sunny and dry today with high temperatures in most of Alberta approaching the 30-degree Celsius mark. In Saskatchewan, temperatures will hit the mid-20s, while in Manitoba, they

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 26 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) closed higher on Monday as the Canadian dollar took a tumble. As the United States dollar continued its upward surge, the loonie fell to 72.59 U.S. cents by mid-afternoon, compared to Friday’s close 73.69. Sharp losses in the Chicago

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 26 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were higher at midday Monday, as the Canadian dollar tumbled. The United States dollar continued its surge upward as a global recession loomed. That forced the Canadian dollar further downward to 72.96 U.S. cents, compared to Friday’s close of