ICE canola weakens with profit-taking early Monday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 11 (MarketsFarm) – The ICE Futures canola market was lower Monday morning, after trading to both sides of unchanged in overnight activity. Losses in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure in the Canadian oilseed. Chart-based speculative profit-taking contributed to the declines, as

Feeder, butcher cattle in healthy demand

Feeder, butcher cattle in healthy demand

Feeder steers valued well above feeder heifers

The last week of March saw cattle markets hold relatively firm across Manitoba, with good demand for both feeder and butcher cattle moving through the rings. Prices were stronger on the week for most classes of cattle, which was welcome news to the local sector, given recent volatility in U.S. cattle and grain futures. “We’re


North American Grain/Oilseed Review: Canola ends week near highs

WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, touching fresh highs in the new crop months. Updated supply/demand estimates from the United States Department of Agriculture were neutral to bearish for the grains and oilseeds, but soybeans and soyoil still posted solid gains which provided spillover support for canola.

ICE canola up ahead of USDA report

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, taking some direction from a rally in the Chicago Board of Trade soy complex as investors adjust positions ahead of the United States Department of Agriculture’s monthly supply/demand report. The data, out at 11:00 CDT, will


ICE Canada Morning Comment: More upticks in canola

Ample support from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were climbing higher on Friday morning, getting good support from comparable oils. Ahead of the supply and demand estimates from the United States Department of Agriculture at 11 am CDT, the Chicago soy complex was on the rise. European rapeseed and

North American Grain/Oilseed Review: Canola returns higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, taking some direction from a rally in the Chicago Board of Trade soy complex. European rapeseed and Malaysian palm oil futures were also stronger on the day. Tight old crop supplies and the need to ration demand,


A Transneft oil storage tank at the Baltic Sea port of Ust-Luga, Russia on Feb. 26, 2018. Sanctions on Russia have driven crude oil prices higher, with oilseed prices following.

New-crop canola prices inch higher

Canola values haven’t stayed in lockstep with other veg oils

The spread between old-crop canola and new-crop contracted during the week of March 24-31, as the May contract will soon lose its relevance. Russia’s invasion of Ukraine provided a powerful impetus for global oilseed prices to spike, as crude oil’s strong prices provided plenty of support to its edible cousins. International economic sanctions placed against

ICE canola posting solid gains at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 7 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday, taking back most of Wednesday’s losses as gains in the Chicago Board of Trade soy complex provided spillover support. A softer tone in the Canadian dollar also underpinned values, as the declining currency should help crush


ICE Canada Morning Comment: Canola making gains

Support from soy complex

By Glen Hallick, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise Thursday morning, following gains in the Chicago soy complex. There was also support coming from the nearby May contract in European rapeseed. However, the more deferred positions were lower, as were Malaysian palm oil futures. Global crude

ICE canola weaker at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 6 – (MarketsFarm) – ICE Futures canola contracts were lower at midday Wednesday, as speculators continued to book profits on their large long positions. Softening crush margins were making canola look overpriced to end users, according to a broker accounting for some of the weakness. Losses in outside markets,