Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 9 – (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Friday, seeing some consolidation to end the week after posting large losses in recent sessions. Gains in the Chicago soy complex contributed to the firmer tone in canola, although European rapeseed and Malaysian

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday morning, gleaning support from comparable oils. Upticks from the Chicago soy complex and Malaysian palm oil were spilling over into the Canadian oilseed, while modest losses in European rapeseed weighed on values. Increases in global crude oil

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 8 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, seeing follow-through selling after Wednesday’s drop below chart support. Wednesday’s close below C$800 per tonne in the nearby November contract was bearish from a technical standpoint, with the resulting speculative selling building on itself on Thursday. Losses

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 8 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, seeing follow-through selling after Wednesday’s declines. Wednesday’s close below C$800 per tonne in the nearby November contract was bearish from a technical standpoint, with the next target to the downside now seen at C$750 per

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, with the most heavily traded contracts below the psychological level of C$800 per tonne. Losses in Chicago soyoil, European rapeseed and Malaysian contributed to that trend. While Chicago soybeans were a pinch higher along with gains

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 7 (MarketsFarm) – The ICE Futures canola market was lower on Wednesday, as bearish technical signals weighed on values and the market was unable to hold onto earlier gains. The November contract moved above the psychological C$800 per tonne level to start the session hitting a high of C$809.50

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sep. 7 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, retreating from early gains as the initial buying interest faded. While Chicago soybeans were higher on the day, soyoil was lower which weighed on the canola market. Seasonal harvest pressure and relatively favourable Prairie weather

By Glen Hallick, MarketsFarm WINNIPEG, Sept.7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were making small gains on Wednesday morning, following the Statistics Canada (StatCan) stocks report. StatCan estimated on-farm canola stocks at 242,000 tonnes, 77.4 per cent less than a year ago. Commercial stocks were pegged at 633,000 tonnes, down 10.1 per cent from