Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of Tuesday’s rally as the path of least resistance remains pointed higher. Chicago Board of Trade soyoil futures were trading at all-time highs, while Malaysian palm oil and European rapeseed futures were also stronger

By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Tuesday, setting new contract highs in several positions before easing back. The planting intentions report from Statistics Canada was one factor behind today’s increases. The federal agency projected this year’s canola acres to be almost 20.9 million, for

By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were on the rise at midday Tuesday, with most of the gains in the double-digits. A trader said this morning’s release of the Statistics Canada planting intentions report saw canola jump C$2 to C$3 per tonne almost right away.

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, hitting fresh contract highs as acreage data provided support and speculators returned to the buy side after Monday’s brief profit-taking correction. Canadian farmers intended to seed 20.9 million acres of canola in 2022, according to a report

By Glen Hallick, MarketsFarm WINNIPEG, April 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday, but eased back from larger declines earlier in the session. While profit-taking put pressure on canola, there was more from sharp losses in the Chicago soy complex, European rapeseed and Malaysian palm oil. Spring planting will be

By Glen Hallick, MarketsFarm WINNIPEG, April 25 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Monday, due to a bout of profit-taking. Sharp pull backs in global crude oil prices weighed heavily on edible oils. That generated steep losses in the Chicago soy complex, European rapeseed and Malaysian palm oil,

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 25 (MarketsFarm) – The ICE Futures canola market was sharply lower Monday morning, seeing a profit-taking correction to start the week after setting fresh contract highs on Friday. Declines in crude oil and the Chicago Board of Trade soy complex accounted for some spillover selling pressure for the Canadian

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – The ICE Futures canola market continued to rally into the weekend, setting fresh contract highs once again. Gains in Chicago Board of Trade soyoil, Malaysian palm oil and European rapeseed futures all provided spillover support for canola. Weakness in the Canadian dollar, which dropped sharply relative

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 22 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as the path of least resistance remains pointed higher for the oilseed. Gains in Chicago Board of Trade soyoil and weakness in the Canadian dollar was supportive, with crush margins improving despite canola futures hitting fresh

By Glen Hallick, MarketsFarm WINNIPEG, April 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Friday morning, gleaning support from other edible oils. There were gains in Chicago soybeans and soyoil, while soymeal was lower. Additional spillover came from strong upticks in European rapeseed and Malaysian palm oil. However, global crude oil prices