Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, dropping in sympathy with outside vegetable oil markets. Speculative profit-taking ahead of the weekend added to the declines, although canola did manage to finish off its lows for the session. Malaysian palm oil, European rapeseed and Chicago

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 6 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday, but off their session lows with pre-weekend positioning behind some of the activity. Old crop stocks are dwindling, with only 3.9 million tonnes of canola on hand as of March 31, 2022, according to a report

By Glen Hallick, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, following the Chicago soy complex, European rapeseed and Malaysian palm oil to the downside. Those losses were being tempered by moderate increases in global crude oil prices. Statistics Canada issued its grain stocks report this morning

WINNIPEG–The ICE Futures canola market settled with solid gains on Thursday after moving to both sides of unchanged in choppy activity throughout the session. Weakness in the Canadian dollar, which was down by roughly three-quarters of a cent relative to its United States counterpart, accounted for some of the strength in canola. Uncertainty over new

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 5 – (MarketsFarm) – ICE Futures canola contracts were narrowly mixed at midday Thursday, retreating from earlier gains as losses in Chicago Board of Trade soyoil futures spilled over to weigh on values. Canola had posted solid gains in early activity, seeing a continuation of Wednesday’s advances. However, the

By Glen Hallick, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning, with the strongest increases coming in the new crop positions. Support was derived from gains in Chicago soybeans and soymeal, along with European rapeseed. Sharp declines in Malaysian palm oil and small losses in Chicago soyoil

WINNIPEG–The ICE Futures canola market was stronger on Wednesday, recovering some of the losses posted earlier in the week. A rally in Chicago Board of Trade soyoil provided some spillover support for canola, with European rapeseed futures also up on the day. Tight old crop supplies and uncertainty over new crop production contributed to the

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 4 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, seeing a recovery after dropping sharply lower earlier in the week. Gains in Chicago Board of Trade soyoil and European rapeseed futures contributed to the stronger tone in canola, with underlying uncertainty over new crop production

By Glen Hallick, MarketsFarm WINNIPEG, May 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to higher on Wednesday morning, as the most actively traded contracts recouped a portion of the losses they incurred this week. The sharp upticks in global crude oil prices were providing support to edible oils. In turn, there are