ICE canola weakens with profit-taking

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, retreating from overnight gains as speculative traders took profits on their large long positions. A downturn in the Chicago Board of Trade soy complex contributed to the softer tone in canola, with soyoil retreating from its own

North American Grain and Oilseed Review: Canola down, but off of earlier lows

Significant weakness in CBOT soy

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures remained lower on Monday, but away from double-digit declines earlier in the session. Pressure came from significant declines in the Chicago soy complex, as well as European rapeseed. Malaysian palm was down in its front month, but had small gains for


ICE Canola Midday: Prices stepping back with soy complex

South American weather, U.S. interest rates weighing on values

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, following the declines in the Chicago soy complex. In particular soybeans were in retreat, losing well in excess of 20 cents per bushel due to South American weather concerns. However, canola had come away from larger

ICE canola narrowly mixed Monday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Monday morning, seeing some consolidation to start the week after setting fresh contract highs on Friday. Early losses in Chicago Board of Trade soybeans put some spillover pressure on canola, although soyoil was mixed. Malaysian palm oil was


Calf prices took a hit going into the fall run, dropping to some of the lowest levels seen over the past decade, says the manager and senior analyst at Canfax.

Drought, COVID-19 pandemic strengthen ranchers’ resolve

Canada became a net importer of feeder cattle in 2021

Midway through 2021, the Manitoba cattle industry faced its toughest stress test in decades as drought extended throughout the Prairies and threatened the livelihood of cattle producers. “It was very difficult to deal with all the facets of a drought. It really stressed individual producers. It stressed our resources to be able to deal with

North American grain/oilseed review: Canola climbs higher

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The ICE Futures canola market was up sharply on Friday, hitting fresh contract highs as bullish chart signals kept speculators on the buy side. Gains in Chicago Board of Trade soybeans contributed to the firmer tone, although soyoil was softer on the day and the Canadian


ICE canola hitting fresh contract highs

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The ICE Futures canola market was posting solid gains at midday Friday, setting fresh contract highs in many months as some chart stops were likely hit on the way up. A turn higher in Chicago Board of Trade soybeans contributed to the strength in canola, although

ICE Canada Morning Comment: Canola benefitting from hike in rapeseed

Double-digits gains in old crop canola

WINNIPEG, Jan. 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise Friday morning, with double digit increases for the old crop contracts. Support was coming from a strong spike in the front months of European rapeseed, plus small gains in Chicago soyoil. Losses in Chicago soybeans and soymeal, along with Malaysian palm



ICE canola turning higher after early losses

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – The ICE Futures canola market was firmer at midday Thursday, recovering from earlier losses in choppy activity. Chicago Board of Trade soybeans and soyoil futures were lower at midday, putting some pressure on the Canadian oilseed. European rapeseed was also down overnight. However, Malaysian palm oil