ICE canola strengthens in thin midday trade

WINNIPEG, March 7 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, although activity was thin and choppy as the volatility over the past week kept some participants on the sidelines. Shifting sentiment on the Russian invasion of Ukraine kept the agricultural markets on edge to start the week, with gains

ICE Canada Morning Comment: Canola continues higher

Support from comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pushing higher on Monday morning, amid light volumes. Canola was gleaning support from gains in the Chicago soyoil, as well as sharp upticks in European rapeseed and Malaysian palm oil. However, declines in Chicago soybeans and soymeal weighed on values.


Cold snap slows cattle traffic, drags on price movement

Cold snap slows cattle traffic, drags on price movement

Eastbound cattle show stronger values on lower feed costs

Cold weather seemed to have played its hand once again at Manitoba cattle auction sites for the week ended Feb. 24. Below-normal temperatures with wind chills around -40 C convinced cattle producers to wait at least one more week to sell their animals. The weather forecast predicted a break from the extreme temperatures in the

North American Grain and Oilseed Review: Biofuel changes pull down old crop prices

U.S. wheat stronger, soybeans recede

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Friday, with losses in the old crop months and gains in the new crop positions. A trader commented that several countries are either scaling back or halting their biofuel blending requirements. Due to shortages, the oilseeds used for


ICE Canola Midday: Old crop prices mixed due to biofuel changes

Chicago May wheat supporting gains

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were mostly higher at midday Friday, with firm gains in the new crop months. Meanwhile, the old crop positions were fluctuating on either side of unchanged, particularly the May contract. Support came from upticks in European rapeseed, as well

ICE canola posting small losses in pre-weekend positioning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The ICE Futures canola market was posting small losses Friday morning, consolidating just under the highs posted earlier in the week as investors squared positions ahead of the weekend. The ongoing conflict in Ukraine remained the key driver of the grain and oilseed markets, with wheat


North American Grain and Oilseed Review: Canola advances despite challenges

U.S. soybeans stumble, May wheat locked limit higher

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday, with the strongest gains in the old crop months. Support came from gains in the nearby Chicago May soybean contract and in soymeal, as well as upticks in Malaysian palm oil. However Chicago soyoil stepped back, unable

Soybeans are being planted near Husachivka, about 50 km south of Kyiv, in this file photo from April 17, 2020.

War in Ukraine trumps market fundamentals

U.S. wheat values set fresh highs upon Russia’s invasion

Russia’s invasion of Ukraine added fuel to the raging fire of the agricultural markets during the week ended Feb. 25, with any typical supply/demand fundamentals that would usually provide direction taking a back seat to the developing crisis. Ukraine and Russia are both major players in the world wheat market, and the United States wheat


ICE Canola Midday: Prices grab on to gains

Prices were vacillating between gains and losses

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were higher at midday Thursday, although trading had been choppy with prices vacillating between gains and losses. Support was coming from moderate increases in Chicago soybeans and soymeal, while soyoil held relatively steady. European rapeseed was mixed with a

ICE canola posting small gains Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – The ICE Futures canola market was holding onto gains Thursday morning, although activity was thin and choppy as the volatility of the past week sent some participants to the sidelines. The ongoing conflict in Ukraine remained the key driver of the grain and oilseed markets. Wheat