Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 9 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, taking direction from Chicago soybeans and soyoil in choppy activity. Hot and dry Midwestern weather forecasts accounted for some of the buying interest in the soy complex that spilled into canola. Crude oil and Malaysian

WINNIPEG– The ICE Futures canola market was higher on Tuesday morning largely due to spillover from crude and veg oils. Most of the Prairies will experience normal temperatures and sunny skies later today, putting weather-based pressure on canola prices. Crude oil was higher to start the day, ignoring the possibility of weakening demand due to

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 8 (MarketsFarm) – The ICE Futures canola market was weaker at Monday’s close after trading to both sides of unchanged. Gains in Chicago Board of Trade soyoil had provided spillover support for the Canadian oilseed. European rapeseed and Malaysian palm oil futures were also higher on the day. However,

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 8 – (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Monday, although activity was choppy with prices bouncing around both sides of unchanged. Gains in Chicago Board of Trade soyoil provided spillover support for the Canadian oilseed. European rapeseed and Malaysian palm oil

WINNIPEG – The ICE Futures canola market was higher to start the week, despite multiple factors pulling prices in opposite directions. Heat warnings will continue in parts of Alberta over the next couple of days with much of the southern half of the Prairies forecast to have high temperatures today around 30 degrees Celsius. Crude

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market held onto gains at Friday’s close after trading to both sides of unchanged in choppy activity. A rally in soyoil and weakness in the Canadian dollar provided underlying support, despite losses in Chicago soybeans. Speculative buying was a feature, with losses

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday, retreating from earlier gains as a downturn in Chicago soybeans weighed on values. A rally in soyoil and weakness in the Canadian dollar had lent some early support to canola, but that buying ran out of

WINNIPEG – The ICE Futures canola market showed declines on Friday morning, largely due to spillover from lower crude oil. Rain and thunderstorms passed through both Saskatchewan and Manitoba on Thursday, but the weekend forecast was expected to have cool temperatures and calm conditions. Crude oil was lower due to demand concerns. West Texas Intermediate

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, finding support from gains in outside markets. European rapeseed and the Chicago soy complex were both up on the day, although Malaysian palm oil held steady. Hot and dry forecasts for the United States Corn Belt were