Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as concerns over the Chinese economy sent shockwaves through the global financial and commodity markets. A slowdown in China’s rate of inflation saw the country’s central bank unexpectedly cut interest rates on Monday, triggering losses that spilled

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, finding itself caught up in broad selling pressure as concerns over the Chinese economy weighed heavily on world financial markets. A slowdown in China’s rate of inflation and other soft economic data saw the country’s central

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – The ICE Futures canola market was sharply lower Monday morning, as losses in crude oil spilled over to weigh on world vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all weaker on the day, dragging canola down as well. Relatively favouable

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – The ICE Futures canola market was weaker at Friday’s close, as North American agricultural markets reacted to the United States Department of Agriculture’s monthly supply/demand report. The government agency upped its projection for U.S. soybean yields which initially weighed on that market, pulling canola lower as

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 12 – (MarketsFarm) – The ICE Futures canola market was holding onto small gains in the most active contracts at midday Friday, although activity was thin and choppy ahead of a much-anticipated report from the United States Department of Agriculture. The USDA’s supply/demand estimates will be released at 11:00

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,