Futures markets

By MarketsFarm WINNIPEG, Aug. 12 – The following is a glance at the news moving markets in Canada and globally. – England’s National Drought Group has officially declared a drought over half of the country as many southern, central and eastern regions have not seen any substantial rainfall for months. The official declaration allows for

WINNIPEG – The ICE Futures canola market was undergoing a correction Friday morning, largely due to lower crude oil prices after consecutive days of gains. Thundershowers along with temperatures approaching 30 degrees Celsius were expected for parts of Alberta and Saskatchewan later today, while southern Manitoba will feel warm and sunny. Crude oil was also

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – ICE Futures canola contracts posted solid gains on Thursday, underpinned by gains in outside markets. Crude oil, Chicago soyoil, European rapeseed and Malaysian palm oil were all stronger on the day, lending spillover support to canola. Canadian crop conditions remain relatively favourable for the most part,

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 11 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, taking some direction from the Chicago soy complex. Gains in crude oil were supportive fore world vegetable oil markets in general, with dryness concerns for the United States soybean crop adding to the spillover buying

WINNIPEG – The ICE Futures canola market was higher Thursday morning largely due to rising crude oil prices. High temperatures approaching 30 degrees Celsius along with some rainfall were expected for parts of Alberta and Saskatchewan later today. Meanwhile, southern Manitoba was expected to be cooler and sunnier. Crude oil rallied to start Thursday after

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at Wednesday’s close with the bias higher in the most active front months after a choppy session that saw prices trade within a wide range. Gains in Chicago soyoil provided underlying support, although soybeans were lower on the

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, as a rally in the Canadian dollar weighed on the market. The Canadian dollar was up by roughly three-quarters of a cent relative to its United States counterpart, hitting its highest level in two months. The

WINNIPEG – The ICE Futures canola market was lower on Wednesday after consecutive days of rallies with pressure coming from weather and the Canadian dollar. Dry conditions with cooler temperatures were expected for Saskatchewan and Manitoba on Wednesday while Alberta continued to deal with the mercury approaching 30 degrees Celsius. Crude oil was slightly lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – The ICE Futures canola market settled with solid gains on Tuesday after trading to both sides of unchanged in choppy activity. Gains in the Chicago soy complex and other outside markets, including European rapeseed and Malaysian palm oil, accounted for some spillover buying interest in the