Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, April 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday morning, following the trend in edible oils. Chicago soybeans and soymeal were lower, while soyoil was relatively steady. Malaysian palm oil was mixed, while European rapeseed was down. Small gains in global crude oil prices were a

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – The ICE Futures canola market was mostly lower at Tuesday’s close, seeing a profit-taking correction after Monday’s rally. The largest losses were in the nearby old crop contracts, as the old/new crop spreads narrowed in. Gains in outside markets, including Chicago Board of Trade soyoil and

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 5 – (MarketsFarm) – ICE Futures canola contracts were mixed at midday Tuesday, with losses in the front months and gains in the more deferred positions as the old/new crop spreads narrowed. Gains in outside markets, including Chicago Board of Trade soyoil and European rapeseed, provided some spillover support

By Glen Hallick, MarketsFarm WINNIPEG, April 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday morning, with gains in the new crop contracts. Yesterday, a number of canola contracts reached new highs as chart-based buying contributed to the increases. However, the Canadian oilseed was becoming overpriced. Support for it this morning was

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 4 (MarketsFarm) – The ICE Futures canola market was up sharply on Monday, setting fresh contract highs in the new crop months as gains in outside markets provided support. Chicago Board of Trade soyoil, European rapeseed and Malaysian palm oil futures were all up on the day as concerns

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 4 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, posting solid gains in sympathy with outside energy and vegetable oil markets. Chicago Board of Trade soyoil, European rapeseed and Malaysian palm oil futures were all up on the day, with gains in crude oil contributing

By Glen Hallick, MarketsFarm WINNIPEG, April 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the upswing on Monday morning, with double-digit gains in the old and new crop contracts. Support was coming from increases in the Chicago soy complex, along with upticks in Malaysian palm oil and new crop European rapeseed. However, the

By Glen Hallick, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday in a week-ending session that proved to be quite volatile. A trader said the specs were still attempting to push up canola, but it’s now quite overvalued. While he added such cannot be sustained, these high

By Glen Hallick, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were stronger at midday Friday, in a session that has been seeing good amount of volatility so far. “Somebody is still propping up November canola. It’s insanely overvalued. I don’t know how long we’ll be able to get away