Futures markets

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were sharply lower on Thursday in the heaviest trading session in a number of weeks. There was significant weakness in the old crop months, as new crop positions saw more modest declines. At the center of the sharp reductions in the

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Thursday, especially in the old crop contracts with losses in the crop positions not as severe. A trader said that spec money was “flushing out” of soybeans on ideas that dry conditions in South America could improve

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 13 (MarketsFarm) – The ICE Futures canola market was posting large losses Thursday morning, seeing a continuation of Wednesday’s selloff as speculators booked profits on their large long positions. Losses in the Chicago Board of Trade soy complex and strength in the Canadian dollar contributed to the weakness in

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures dropped back in the old crop months on Wednesday, while new crop November had a modest increase. A sharp drop in European rapeseed combined with profit-taking weighed on canola values. Meanwhile gains in Malaysian palm oil and a positive turnaround in

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Wednesday, with double-digit losses in the old crop months. An analyst said profit-taking could be part of the reason for the pull back, but noted moves of C$15 per tonne either way in canola aren’t too significant

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 12 (MarketsFarm) – The ICE Futures canola market was mostly weaker Wednesday morning, as speculators continued to take profits on their large net-long positions. The United States Department of Agriculture releases its monthly supply/demand report at 11:00 CST, and any surprises in the data will likely dictate how the

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished with declines in the old crop positions on Tuesday, while new crop November was up. Losses in European rapeseed, especially a sharp drop in its February contract weighed on values. A trader noted that there was some profit-taking in canola

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw declines continue in the old crop positions at midday Tuesday. Meanwhile, the sparsely traded new crop November was slightly higher. A trader said there was some profit-taking going in canola as it remains expensive due to tight supplies. There was