North American Grain/Oilseed Review: Canola climbs higher

WINNIPEG – The ICE Futures canola market was stronger on Tuesday, as activity resumed after the long weekend and the agricultural markets reacted to mounting tensions between Russia and Ukraine. The Chicago soy complex, Malaysian palm oil and European rapeseed futures were all higher on the day, providing spillover support for the Canadian oilseed. Bullish

ICE canola hitting fresh contract highs at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, taking some direction from the Chicago Board of Trade soy complex as the commodity markets reacted to the mounting tensions between Russia and Ukraine. Uncertainty over South American crop production added to the advances in


ICE Canada Morning Comment: Old crop canola spiking

Ukraine border crisis pushes up crude oil prices

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were steady to higher on Tuesday morning, as trading resumed with an overnight session following Monday’s holiday in Canada and the United States. Canola gleaned spillover from upticks in the Chicago soy complex, European rapeseed and Malaysian palm oil. However, the

Tighter cattle supply bodes well for spring values

Tighter cattle supply bodes well for spring values

Demand for Manitoba animals is coming from the East, West and South

Manitoba cattle auctions were busy during the second week of February, with slaughter cows and lighter-weight feeders seeing solid demand. More strength is expected in the next few months, although high feed costs and transportation issues were being followed closely. While the numbers moving through the rings were relatively solid, they were still below what



ICE canola turning higher at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 18 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, recovering from earlier losses as gains in the Chicago soy complex provided spillover support. The most-active May contract had traded below its 20-day moving average in early activity, but managed to move back above that


ICE Canada Morning Comment: Canola looking for a direction

Weaker crude weighing on edibles

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower on Friday morning in choppy activity that’s seeing light volumes. There’s support from small gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. However, pressure on edible oils was coming from a significant downturn in



Anderson Soletti shows beans from a drought-hit soy crop at Espumoso in Brazil’s Rio Grande do Sul state on Jan. 10, 2022.

Canola market dependent on other edible oils

Traders now wait to see how much soy Brazil can still produce

There isn’t much to prop up canola values — at least if it were to show some independent strength. Traders and analysts have pointed out that old-crop canola has pretty much run its course. As we plow through winter with eyes turning to spring, attention is beginning to shift away from the old-crop months to

ICE canola turning lower at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 17 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, with chart-based positioning a feature as an early move higher proved short-lived. Losses in Chicago Board of Trade soyoil futures and a softer tone in crude oil added to the weakness in canola, although soybeans