Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures remained mixed on Friday, with losses in the old crop contracts and gains in the new crop positions. The Chicago soy complex saw a sudden and sharp upswing in soyoil shortly after the Biden administration asserted an attack on Ukraine by

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed at midday Thursday, with losses in the old crop months and gains in the lightly-traded new crop contracts. “Things continue to be erratic and all over the map,” a trader commented. There were gains in the Chicago soy complex,

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with losses in the front months and a firmer tone in the lightly-traded new crop contracts. Chart-based selling ahead of the weekend was a feature, as Thursday’s retreat from nearby highs was seen as bearish from a

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Thursday after hitting new contract highs earlier in the session. Declines in Chicago soybeans and soymeal, as well as Malaysian palm oil weighed on canola values. Support did come from gains in Chicago soyoil and European rapeseed. Global

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the upswing at midday Thursday, but encountered some resistance after touching new contract highs earlier. Spillover from sharp gains in the Chicago soy complex and European rapeseed contributed to the increases. Stronger global crude oil prices helped to raise

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – The ICE Futures canola market was posting solid gains Thursday morning, hitting fresh contract highs in many months as a rally in the Chicago Board of Trade soy complex provided spillover support. Declining crop projections out of South America accounted for much of the early strength

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Wednesday, after starting the day sharply to the downside. Support came from good upswings in the Chicago soy complex, Malaysian palm oil and European rapeseed. While global crude oil prices moderated during the day, they still spilled over

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Wednesday, but had backed away from larger increases earlier this morning. “It’s following the veg oil markets,” a trader commented, noting that the Canadian oilseed is definitely a follower, being propped up in particular by higher product