ICE Canada Morning Comment: Canola being pulled both ways

Soy, crude up while palm oil, rapeseed down

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Friday morning, in an attempt to erase overnight declines. There was support coming from gains in the Chicago soy complex, as well as global crude oil prices. However, weakness in Malaysian palm oil (which was back trading

North American Grain/Oilseed Review: Canola ends mixed

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The ICE Futures canola market was mixed at Thursday’s close, after a choppy day that saw the most active front months trade to both sides of unchanged. Speculative positioning was a feature, with the old/new crop spreads widening on the day. Losses in Chicago Board of


A 77-year-old woman looks out her door in the rebel-controlled area of the Zaitseve settlement in Ukraine’s Donetsk region on Jan. 28. She is among few other people who still live in a village divided by a line of separation between pro-Russian rebels and Ukraine’s armed forces.

Russia-Ukraine tensions influence wheat prices

North America’s weather also remains a factor

Sabre-rattling over a possible invasion of Ukraine by Russia has bolstered wheat prices, but when the threat of war eased, wheat followed suit — at least for now. It’s abundantly clear Russian President Vladimir Putin has been seeking to expand his country’s influence in an attempt to increase Russia’s status as global superpower. Countries such

ICE canola steady to lower in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 – (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Thursday, with the nearby March contract holding near unchanged and losses in the more deferred positions. Activity was choppy, with a mixed tone in the Chicago Board of Trade soy complex contributing to the


ICE Canada Morning Comment: Canola attempting to overcome losses

Trading activity very light this morning

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were trying to shed their overnight losses on Thursday morning. However, pressure was coming from losses in the Chicago soybeans and soyoil, as well as European rapeseed. Support came from gains in Chicago soymeal. The Malaysian palm oil market was closed



ICE canola mixed in choppy trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 2 – (MarketsFarm) – The ICE Futures canola market was mixed at midday Wednesday, with losses in the most active old crop contracts and a firmer tone in the more deferred months. While a firmer tone in Chicago Board of Trade soybeans and soyoil provided some underlying support, a

ICE Canada Morning Comment: More gains for canola

Support spilling over from edible, crude oils

WINNIPEG, Feb. 2 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Wednesday morning, with gains in the old crop months. Spillover came from strong upticks in the Chicago soy complex, as well as increases in European rapeseed. The Malaysian palm oil market remained closed for the Lunar New Year celebrations. Further upswings



ICE canola climbing higher with soy complex

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 1 – (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, recovering from earlier losses as gains in the Chicago Board of Trade soy complex provided support. Soybeans climbed to fresh contract highs on the back of production worries out of South America. Soyoil was also