Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) closed lower on Wednesday, as trading continued with losses from the overnight session. Rumours of buying by China resulted in a quick upswing in canola prices yesterday. Today, canola was pressured by losses in Chicago soybeans and soymeal, as

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 31 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Wednesday, continuing with losses that started during the overnight session. By the end of the regular session yesterday, canola prices shot up on rumours of buying by China. “Which makes sense as we’re at the

WINNIPEG – The ICE Futures canola market has suffered morning losses on consecutive days, mainly due to overall weakness in the Chicago soy complex and crude oil prices. All three Prairie provinces will see high temperatures rise above 30 degrees Celsius with Alberta and Saskatchewan implementing heat warnings. There was no rain forecast over the

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – There was a dramatic turnaround on Tuesday in Intercontinental Exchange (ICE) canola futures, erasing double-digit losses to end with moderate increases. There was a similar occurrence with the Chicago soy complex, that saw large declines in soybean almost evaporate. Meanwhile soyoil ended relatively steady and soymeal

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 30 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) continued to decline at midday Tuesday, along with losses in the Chicago soy complex. A trader explained yesterday’s Statistics Canada report indicated a good harvest to come and the Pro Farmer Crop Tour pointed to good soybean production in

WINNIPEG – The ICE Futures canola market continued to take a plunge Tuesday morning due to spillover from falling crude oil prices. The Prairies were expected to see sunny skies over the next few days with temperatures exceeding 30 degrees Celsius in Alberta and Saskatchewan. In Calgary and Edmonton, heat warnings were in effect. Crude

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures fell on Monday, after Statistics Canada (StatCan) released its latest production report. In using its computer-based model, the federal agency has pegged 2022/23 canola production at 19.5 million tonnes, which was about in the middle of trade expectations. Earlier this year

WINNIPEG, Aug. 29 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were weaker at midday Monday, following the Statistics Canada production report. The model-based principal field crop estimates placed canola production for 2022/23 at 19.5 million tonnes – a jump of 41.7 per cent compared to last year. Total wheat production was pegged at