Futures markets

By MarketsFarm WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar was holding steady relative to its United States counterpart Tuesday morning. At 8:45 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7948 or US$1=C$1.2582, which compares with Tuesday’s close of US$0.7941 or US$1=C$1.2593. Canada’s Industrial Product Price Index was up by 3.1 per cent

By Glen Hallick, MarketsFarm WINNIPEG, March 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were continuing to climb higher on Tuesday morning. Support came from gains in Chicago soybeans and soyoil, while declines in soymeal were slight. As well, there were upswings in Malaysian palm oil and European rapeseed. Small increases in global crude oil

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with the largest gains in the deferred positions as the old/new crop spread narrowed in. Strength in crude oil underpinned world vegetable oil markets on Monday, with gains in Chicago Board of Trade soyoil, European rapeseed and

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, but off the highs hit earlier in the session. Strength in crude oil was pulling the agricultural commodities up as well on Monday, providing much of the underlying support for canola. An analyst noted that

By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures strengthened on Monday morning, gleaning support from upticks in the Chicago soy complex, Malaysian palm oil and European rapeseed. There were more increases in global crude oil prices, spilling over into edible oils. The Canadian government said it’s reluctant to introduce

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Friday in light volumes of trading. A trader emphasized that canola is presently overvalued and is set to drop significantly when the spec longs choose to cash out. An analyst commented that there might not be sufficient canola

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were steady to lower at midday Friday, but with a small gain in the lightly-traded new crop January contract. A trader said canola was “holding up quite firmly,” noting the spec longs were perhaps propping it up. He cautioned

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Friday morning in choppy activity, with losses in the nearby May contract and gains in the more deferred positions. Declines in Malaysian palm oil and European rapeseed futures put some pressure on the canola