Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning, but the nearby March contract was fading. Support came from increases in the Chicago soy complex, but soyoil was virtually unchanged. There were also upticks in European rapeseed and Malaysian palm oil. However, significant declines in

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, seeing a modest recovery after declining earlier in the week. Gains in outside markets, including crude oil and Chicago Board of Trade soyoil contributed to the firmer tone in canola, according to participants. However, resistance held to

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 16 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, recovering some of the lost ground from earlier in the week. Gains in outside markets, including crude oil and Chicago Board of Trade soyoil contributed to the firmer tone in canola, according to participants. However,

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, benefitting from gains in the Chicago soy complex and in European rapeseed. While increases in global crude oil prices were spilling over into edible oils, Malaysian palm oil was lower. Tight supplies and the need to

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 15 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with the largest losses in the front months. The narrowing of the old/new crop spread was a feature, with the new crop months making brief attempts at turning higher throughout the session. Losses in crude oil weighed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 15 – (MarketsFarm) – The ICE Futures canola market was mostly weaker at midday Tuesday, although activity was choppy with prices well off their session lows. Losses in crude oil were weighing on the grains and oilseeds in general, with reports that Russian soldiers were backing away from the

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday morning, although there’s a small gain in the sparsely-traded new crop January contract. Continuing pull backs in the Chicago soy complex, Malaysian palm oil and European rapeseed weighed on canola values. Following reports of some Russian troops

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, taking some direction from Chicago Board of Trade soybeans to start the week. Speculative selling was a feature, with prices testing nearby chart support. Ideas that demand was backing away at current price levels added to the

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 14 – (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, taking some direction from the Chicago Board of Trade soy complex. Chart-based selling contributed to the declines, as old crop canola contracts dipped below their 20-day moving averages. Ideas that demand was backing away at

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were dropping on this Valentine’s Day morning, with no love coming from a weaker Chicago soy complex. European rapeseed was lower as well, but there were gains in Malaysian palm oil. Declines in global crude oil prices put pressure on edible