ICE canola drops with oils, loonie

WINNIPEG – The ICE Futures canola market was lower by the double-digits on Monday morning mainly due to declines in crude and veg oil prices. Rain and the chance of thunderstorms were expected across the Prairies for today, with high temperatures in Alberta expected to be under the 20 degrees Celsius mark. However, harvests are

Cattle trickle in, but soon to rise sharply

Cattle trickle in, but soon to rise sharply

Heavy feeder steers and heifers show price improvements on the week

Most of Manitoba’s eight cattle auctions were in business during the week of Sept. 2-8, with cattle trickling in at some of the facilities — the exception being Ste. Rose Auction Mart, which on Sept. 8 sold 1,389 head. That equalled two-thirds of the week’s cattle. “The numbers aren’t really substantial yet. Nobody wants to be in the first sale,” said


North American Grain and Oilseed Review: Canola higher after choppy start

U.S. soybeans dip as corn, wheat rise

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – After bouncing back and forth from either side of unchanged, canola futures on the Intercontinental Exchange (ICE) finally found traction during the latter half of Friday’s session. Support came from good gains in Chicago soyoil, but further increases were stymied by losses in soybeans, soymeal and

ICE Canola Midday: Prices nudge up with soyoil

Pressure from other comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were making small gains at midday Friday, helped by higher values for Chicago soyoil. However, greater increases for canola were stymied by significant losses in European rapeseed and Chicago soybeans. Soymeal was down more moderately. The Malaysian palm oil


ICE canola continues lower in pre-weekend trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, although activity was choppy as traders adjusted positions ahead of the weekend. Seasonal harvest pressure remained a bearish influence, with chart signals also pointed lower for canola. Losses in European rapeseed and Malaysian palm oil futures also

North American Grain and Oilseed Review: Feeling the weight of comparable oils

Losses in U.S. soybeans, corn, wheat

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) fell back on Thursday due to losses in comparable oils. Declines in Chicago soybeans and soyoil, along with those in European rapeseed and Malaysian palm oil were generated by a downturn in global crude oil prices. Increases in Chicago


Relatively favourable weather has led to harvest progress and, very likely, increased farmer selling on grain and oilseed markets.

Canola slips below psychological supports

Demand from end users may be less aggressive these days

ICE Futures canola contracts moved lower during the first week of September, falling below psychological chart support as harvest operations progressed across the Prairies amid relatively favourable weather. While there were many areas of concern during the growing season and the bulk of the canola harvest is still far from the bin, it’s fairly safe to say that

ICE Canola Midday: Weaker comparable oils pulling prices down

Harvest having a bearish effect as well

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Thursday, being pulled down by comparable oils. There were losses in Chicago soybeans and soyoil, as well as in European rapeseed and Malaysian palm oil. Meanwhile, gains in Chicago soymeal attempted to temper further decreases.


ICE canola weaker Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some follow-through selling after Wednesday’s turn lower. Bearish technical signals and seasonal harvest pressure weighed on the market, with the general chart trend pointed lower, according to participants. Losses in outside markets also weighed on values,