ICE Canada Morning Comment: Canola split between old, new crops

Canola exports shockingly low

By Glen Hallick, MarketsFarm WINNIPEG, April 1 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Friday morning, with losses in the old crop contracts. Pressure came from declines in Chicago soybeans and soyoil, as well as Malaysian palm oil and the nearby May contract in European rapeseed. There were increases in rapeseed’s remaining

North American Grain and Oilseed Review: Canola finds strength to close mixed

U.S. soybeans tumble after Biden announcement

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished either side of steady on Thursday after a volatile session. Pressure on canola came from sharp declines in the Chicago soy complex, as well as most Malaysian palm oil positions and the nearby May contract for European rapeseed. However rapeseed’s



Sunflowers near the Ukrainian village of Grebeni on July 14, 2016. Expectations for a drastically reduced sunflower crop from Ukraine this year have led to contract highs in the European rapeseed market.

Someday we’ll see it, the rainbow contraction

A bull market still needs to be fed every day

Why are there so many songs about rainbows, and what’s on the other side? The best quote I heard while covering the agricultural markets over the week ended March 25 was from an analyst rephrasing the age-old saying of ‘What comes up, must come down.’ He noted grains and oilseeds will eventually ‘see both sides


ICE Canola Midday: Several reports sending different signals

Old crop, new crop split

By Glen Hallick, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Thursday, with the old crop contracts slightly lower. Movement in canola has been rather placid ahead of a number of reports out later today. While Russia is said to be willing to allow people to

ICE canola mixed ahead of USDA reports

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, with losses in the front months and a firmer tone in the new crop contracts. Losses in Chicago Board of Trade soyoil futures put some pressure on canola. European rapeseed and Malaysian palm oil futures were also


North American Grain and Oilseed Review: Canola all over the place in volatile trading

‘Turnaround Wednesday’ at CBOT

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Although Intercontinental Exchange (ICE) canola futures finished narrowly mixed on Wednesday, with declines in the old crop months and increases in the new crop positions. A trader said canola has generally been running contrary to the Chicago soy complex for about the last month. He expects

ICE Canola Midday: Prices higher at the moment

Choppy trading has oilseed bouncing around

By Glen Hallick, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mostly higher at midday Wednesday, in a bout of choppy trading that has seen prices on either side of steady. A Winnipeg-based trader noted that canola has essentially been “dysfunctional” over the last month and is very likely


ICE canola correcting higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 30 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, recovering from overnight losses as a rally in the Chicago Board of Trade soy complex provided spillover support. Ideas that recent losses were overdone, as the underlying fundamentals remain supportive for canola, added to the move higher.

North American Grain and Oilseed Review: Easing of Russian offensive lowers prices

Change in war drops U.S. prices

By Glen Hallick, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – Although Intercontinental Exchange (ICE) canola futures closed lower on Tuesday, they came well away from much larger declines earlier in the session. Russia’s announcement that it’s reducing operations around Ukraine’s capital of Kyiv, as well as Chernihiv to the north sent crude and edible oil prices