Futures markets

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 22 – (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, finding some support to end the week after falling to six-month lows on Thursday. Gains in Chicago soyoil and European rapeseed futures provided spillover support, although Malaysian palm oil was weaker on the day. While some

WINNIPEG – The ICE Futures canola market was slightly lower for the most part Friday morning, continuing a downturn that has lasted over the past four days. Weather-related pressure was a feature as normal temperatures along with some rain are forecast for parts of the Prairies over the weekend. Crude oil prices were on either

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 21 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, as bearish technical signals, losses in outside markets and relatively favourable crop weather all weighed on values. Recent rains were generally seen as beneficial for crop development, although hail damage and excessive moisture in some areas were

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 21 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, slipping lower for the third straight session as relatively favourable Prairie crop conditions and losses in outside markets weighed on values. Recent rains were generally seen as beneficial for crop development, although hail damage and excessive

WINNIPEG – The ICE Futures canola market remained in a downturn Thursday morning, as it had been over the past three days. A lack of inclement weather forecast for the Prairies on Thursday was putting pressure on canola prices. Despite the possibility of thunderstorms in southern Manitoba on Friday, normal temperatures and sunny skies are

WINNIPEG – The ICE Futures canola market was weaker on Wednesday, seeing a continuation of Tuesday’s slide. Relatively favourable Prairie crop conditions weighed on values, with the lack of significant production concerns said to be keeping end users on the sidelines or only buying on a scale-down basis. Manitoba’s canola crop was rated 60 per

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 20 – (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, seeing a continuation of Tuesday’s downturn as relatively favourable crop conditions across Western Canada weighed on values. “It’s all the weather,” said a trader, adding “it’s looking fairly decent across the Prairies.” The lack of significant

WINNIPEG – The ICE Futures canola market is continuing its downturn from Tuesday, remaining in the red Wednesday morning. Crude oil is seeing declines to start off the day, in part due to rising gasoline stockpiles in the United States, which is spilling over into canola. European rapeseed is also moving downwards, while nearby Malaysian