Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Canola prices on the Intercontinental Exchange sit high atop of a precipice teetering towards a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal prices on the Chicago Board of Trade to rise sharply in the near future, or take

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at the close on Wednesday, with the only loss in the old crop May contract. A trader said rolling out of that May position was a feature in today’s session, along with some movement out of old crop

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) remained mixed at midday Wednesday as the old crop/new crop spreads narrowed. A trader said that canola continued to be quite overvalued compared to other edible oils and needs to come down by C$60 to C$100 per tonne. He

Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The Canadian dollar took a step back on Wednesday morning ahead of the Bank of Canada’s announcement on its key interest rate. As of 9:04 am CDT, the Canadian dollar was at US$0.7904 or C$1.2652, compared to Tuesday’s close of US$0.7926 or C$1.2617. Governor Tiff

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with losses in the nearby old crop contracts and gains in the more deferred positions as the old/new crop spreads narrowed in. While tight old crop supplies do remain supportive, attention in the market is turning to

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Tuesday as the front months remained lower and the new crop contracts were higher. Gains in the Chicago soy complex, European rapeseed and Malaysian palm oil provided support to canola. Strong upticks in global crude oil prices spilled

By Glen Hallick, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Tuesday, split between losses in the old crop months and gains in the new crop contracts. Earlier in the session new contract highs were set for the nearby July and new crop November and January

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 12 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, with the largest gains in the new crop contracts. Bullish chart signals contributed to the advances, with a move to fresh highs in some months triggering additional speculative buying interest. Strength in outside markets provided spillover support,

By Glen Hallick, MarketsFarm WINNIPEG, April 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished slightly higher on Monday after choppy trading that saw prices bounce back and forth of either side of steady. There’s weakness in the Chicago soy complex as losses in global crude oil prices weighed on edible oils. Nevertheless, European rapeseed

By Glen Hallick, MarketsFarm WINNIPEG, April 11 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Monday, pressure from losses in the Chicago soy complex. Declines in global crude oil prices weighed on edible oils. However, there were still gains in European rapeseed and the front months of Malaysian palm oil,