Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 23 – (MarketsFarm) – ICE Futures canola contracts were lower at midday Friday, but well off their earlier lows as the oilseed saw some independent strength in the face of sharp losses elsewhere. “Canola is holding up very well,” said an analyst, noting that broader macroeconomic trade was weighing

WINNIPEG – The ICE Futures canola market was falling by the double-digits on Friday morning, largely due to plunging crude oil and lower vegetable oil prices. Rain showers were forecast for most areas of the Prairies today with high temperatures in the upper teens. As for the weekend, sunny skies have been predicted for most

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 22 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, seeing a continuation of Wednesday’s rally amid ideas the oilseed remains underpriced compared to its product values. Gains in Chicago soyoil and continued weakness in the Canadian dollar contributed to the strength in canola, as crush margins

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 22 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday, seeing a continuation of Wednesday’s rally. Gains in Chicago soyoil and continued weakness in the Canadian dollar contributed to the strength in canola, as crush margins remain historically wide which should be encouraging end-user demand. European

By MarketsFarm WINNIPEG, Sept. 21 – The following is a glance at the news moving markets in Canada and globally. – The United States Federal Reserve upped its key overnight interest rate by 75 basis points on Wednesday as part of an ongoing effort to curb inflation. Many other world central banks followed suit by

WINNIPEG – The ICE Futures canola market was slightly higher on Thursday morning, trying to find direction despite stronger crude oil prices. Sun and cloud with little precipitation are expected for the Prairies today with high temperatures ranging from 15 to 25 degrees Celsius. However, Saskatchewan and Manitoba should see some rain showers tomorrow and

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 21 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, moving back above the key C$800 per tonne level in the November contract on ideas values were underpriced compared to the product values. Crush margins remain historically wide, which should be encouraging end-user demand as processing canola

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 21 – (MarketsFarm) –ICE Futures canola contracts were stronger at midday Wednesday on ideas the market was looking underpriced compared to its product values. The nearby crush margin for October delivery reported by ICE Futures came in at C$320 per tonne above the November contract on Tuesday, well above

WINNIPEG – The ICE Futures canola market was higher on Wednesday morning, receiving spillover from rising crude oil prices. Sunny and above-average temperatures were forecast for parts of Alberta and Saskatchewan later today, hours after last night’s overnight temperatures went below freezing. In southern Manitoba, there will be a chance of showers with overnight lows