Futures markets

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

WINNIPEG, April 21 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, setting fresh contract highs yet again as bullish chart signals kept speculators adding to their large net-long positions. Gains in Chicago Board of Trade soyoil and a softer tone in the Canadian dollar contributed to the advances in canola. However, canola

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 21 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday, setting fresh contract highs in the new crop months. Bullish chart signals accounted for much of the continued strength in canola, with speculators continuing to add to their large net-long positions. “There’s a lot of money

By MarketsFarm WINNIPEG, April 21 (MarketsFarm) – The Canadian dollar was firmer Thursday morning, seeing some follow-through strength after Wednesday’s rally. At 8:49 a.m. CDT Thursday morning the Canadian dollar was at US$0.8014 or US$1=C$1.2478, which compares with Wednesday’s close of US$0.7999 or US$1=C$1.2502. Canada’s annual rate of inflation beat expectations at 6.7 per cent

By Glen Hallick, MarketsFarm WINNIPEG, April 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, taking their cue from declines in the Chicago soy complex. While old crop European rapeseed spiked upward, there were losses in the new crop positions. Meanwhile, Malaysian palm oil was mixed. There were moderate increases in

WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was mixed on Wednesday, with losses in the front months and gains in the more deferred positions as the old/new crop spread narrowed in. Strength in the Canadian dollar put some pressure on the canola market throughout the session, as the rising currency cuts into

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 20 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, as a rally in the Canadian dollar put some pressure on values. Stronger-than-expected inflation data sent the Canadian dollar climbing sharply higher relative to its United States counterpart. The stronger currency cuts into crush margins and

By Glen Hallick, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, taking their cue from gains in comparable oils. Support came from increases in the Chicago soy complex, as well as European rapeseed, while Malaysian palm oil was mostly lower. Upticks in crude oil prices were providing