Heavy rains and river overflow led to this flooding on Jan. 2 in the Aceh province of Indonesia, the world’s largest palm oil-producing nation.

Oilseed price trends remain on upslope

Canola’s highs may be in, at least for the time being

The ICE Futures canola market has seen some wide price swings to start the new year, hitting contract highs then falling $80 per tonne off of those highs in the front month before eventually rebounding to be right back around where they started the year (as of Jan. 20). Such large swings are to be


ICE canola climbing higher at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 27 – (MarketsFarm) – The ICE Futures canola market was up sharply at midday Thursday, with speculators back on the buy side after booking profits earlier in the week. Gains in Chicago Board of Trade soybeans and soyoil provided spillover support for the Canadian oilseed, with soyoil hitting fresh

ICE Canada Morning Comment: Canola on the rise

Support from comparable oils, crude oil

WINNIPEG, Jan. 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Thursday morning, continuing with the gains made during the overnight session. Support was coming from gains in Chicago soyoil, Malaysian palm oil and European rapeseed. These were receiving spillover from more upticks in global crude oil prices. Chicago soybeans were narrowly mixed


North American Grain and Oilseed Review: Last minute support comes forth

U.S. soybeans spike, wheat falls hard

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures closed higher on Wednesday, although there were slight losses in some of the very sparsely-traded new crop contracts. For most of the session, the declines were in the old crop months, as the trade focuses more and more on the new

ICE Canola Midday: Closing the gap between old, new crops

Nearby contracts likely not returning to C$1,000/tonne

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were seeing declines in most old crop months at midday Wednesday, while the new crop positions were steady to higher. A trader said there’s been a move to boost the new crop closer to the old crop, noting this could carry


ICE canola weakens in early trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was posting small losses Wednesday morning, as speculative long liquidation continued to weigh on values. Early strength in the Canadian dollar and a lack of significant end user demand, as buying interest has been rationed at current levels, contributed to declines.

North American Grain and Oilseed Review: Losses become moderate gains in most months

U.S. soybeans, winter wheat close higher

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures nearly erased all earlier losses at the close on Tuesday, with only a small decline in the nearby March contract. Support came from another round of sharp upswings in global crude oil prices, which spilled over into edible oils. That saw


ICE Canola Midday: Front months pushing lower with liquidation

It’s not an avalanche by any means - trader

By Glen Hallick, MarketsFarm WINNIPEG (MarketsFarm) Jan. 25 – Intercontinental Exchange (ICE) canola futures were mostly lower in the old crop months at midday Tuesday, as the liquidation carried on to some extent, according to a trader. “It’s not an avalanche by any means. Some are rolling into July, some are rolling into new crop

ICE canola down with follow-through selling

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 25 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, seeing some follow-through selling after Monday’s break below former chart-support. Speculative long liquidation was a feature, as the March contract dipped below its 20 and 50-day moving averages. A softer tone in Chicago Board of Trade soybeans