North American Grain and Oilseed Review: Higher crude reignites canola’s rise

‘Turnaround Thursday’ for U.S. grains

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Thursday, with double-digit increases in the old crop months and slight gains for the new crop positions. Spillover came from sharp upticks in global crude oil prices, which bolstered edible oils. That generated significant advances in Chicago soybeans




ICE Canola Midday: Prices recovering lost ground

Spike in crude pushing up edibles

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Thursday, with gains in the old crop positions plus slight increases in the new crop contracts. An analyst said the reversal of fortunes from yesterday’s losses was largely due to the strong upticks in global


ICE Canada Morning Comment: Canola looking to recover from losses

CP Rail preparing to lockout workers

By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were turning around on Thursday morning, after overnight losses. Gains in the nearby May European rapeseed contract and the Chicago soy complex were underpinning canola values. Increases in global crude oil prices lent support to edible oils. Losses in Malaysian palm

North American Grain and Oilseed Review: Canola takes a step back

Limit down day for U.S. wheat

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed lower on Wednesday, except for the gains in the very lightly-traded new crop May and July contracts. Losses in the Chicago soy complex and European rapeseed contributed to the declines in canola. Decreases in global crude oil prices put pressure


ICE Canola Midday: Prices falling back

Wheat tumbling partially to blame

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were lower at midday Wednesday, with double-digit losses in the old crop months. However, there were gains in the very lightly-traded new crop May and July. An analyst said the sharp declines in United States wheat were partly to

ICE Canada Morning Comment: Canola losing ground

Falling back despite support from crude, edible oils

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Wednesday morning, in light volumes of activity. Support for canola was coming from gains in the Chicago soy complex and Malaysian palm oil. European rapeseed was mostly lower. Global crude oil prices reversed course overnight and were



ICE Canola Midday: Rolling out of May is underway

Most contracts going into new crop November

By Glen Hallick, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mixed at midday Tuesday, with losses in the old crop months and small gains in the new crop positions. A trader noted the rolling out of the May was already underway; with new crop November as the primary