Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were on the rise at midday Friday, due in part to lighter volumes of activity according to a trader. “They’re pushing it up because they can,” he noted, suggesting the crushers could be behind the increases. The trader also

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with gains in the old crop July contract and losses in the new crop months. Positioning ahead of the weekend was a feature. Chicago Board of Trade soyoil was holding near unchanged in early activity, providing little

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower on Thursday, as prices shifted to be more in line with product values. Prices also closed well off of their daily lows, finding strength following the supply and demand estimates from the United States Department of Agriculture. The

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were stepping back at midday Thursday, but have come away from larger losses earlier in the session. A trader noted that the Canadian oilseed was “more or less back in line” with the product values. Also, he said the

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, posting sharp losses as declines in Chicago Board of Trade soyoil spilled over to weigh on values. European rapeseed futures were also down in overnight activity, although palm oil was showing some stability and crude oil recovered

By Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, after starting the session to the downside. A trader said a lack of new demand was pushing prices lower earlier in the day, but by the afternoon that was overwhelmed by support from comparable oils. Spillover from

By Glen Hallick, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were easing back at midday Wednesday due to a lack of demand, according to a trader. Pressure on canola also came from declines in European rapeseed. However, sharp upticks in global crude oil prices lent to edible oils. That

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with gains in the most actively traded months. Strength in crude oil was providing some spillover support for world vegetable oil markets, with advances in Chicago soyoil and Malaysian palm oil underpinning the Canadian oilseed as well.