Futures markets

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

By MarketsFarm WINNIPEG, Sept. 26 (MarketsFarm) – The Canadian dollar was weaker Monday morning, seeing a continuation of last week’s sharp drop relative to its United States counterpart. At 9:08 a.m. CDT Monday morning the Canadian dollar was at US$0.7340 or US$1=C$1.3624, which compares with Friday’s close of US$0.7369 or US$1=C$1.3570. Preliminary trade data for

WINNIPEG – The ICE Futures canola market was slightly lower to start the week, struggling to find direction. Temperatures in Alberta and Saskatchewan were forecast to be unseasonably warm, reaching the mid-20 degrees Celsius range under sunny skies. Meanwhile, skies over Manitoba will also be clear, but high temperatures will be 10 degrees cooler. Crude

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The ICE Futures canola market settled with small losses on Friday, finishing well off its session lows. Weakness in world energy and equity markets amid mounting macroeconomic concerns weighed heavily on Chicago soy complex, which accounted for some spillover selling in canola. However, ideas that canola