ICE Canada Morning Comment: Canola higher after Christmas break

Support from soyoil, crude oil

WINNIPEG, Dec. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, as the Canadian markets reopened after the Christmas holidays. Going into the New Year trading in canola is expected to be volatile. The Canadian oilseed was attempting to recover from losses prior to the four-day shutdown, with some strength coming

manitoba livestock auction results

Sales end for 2021, producers look to 2022

Cattle auction sites across Manitoba are saying goodbye to a challenging 2021 and looking forward to what 2022 has in store. Many auction sites conducted their final regular sales of the calendar year during the week ended Dec. 16. In total, 7,594 cattle went through the rings, compared to the 7,910 (excluding Virden’s numbers) during


(Photo courtesy Canola Council of Canada)

Grain markets go into holiday mode

FUTURES | Speculators’ long position poses a serious threat to canola values

After a tumultuous week of downturns and upticks, ICE Futures canola moved a little, particularly in the nearby January and March contracts. In highlighting the markets going into holiday mode, the nearby January contract stepped back $7 per tonne since Dec. 9, while the March contract gained $4. As the holidays approach, it’s clear traders want to

North American Grain/Oilseed Review: long liquidation weighs on canola ahead of holidays

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, as speculative long liquidation ahead of Christmas weighed on values. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed through Monday, Dec. 27, for Boxing Day. Futures


ICE canola drops in pre-Christmas trade

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, as traders took profits ahead of the Christmas break. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed through Monday, Dec. 27, for Boxing Day. Futures



ICE canola weakens ahead of Christmas break

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 23 (MarketsFarm) – The ICE Futures canola market was posting small losses Thursday morning, in thin and choppy trade as participants move to the sidelines ahead of the Christmas holiday. North American markets will be closed Friday, Dec. 24, for Christmas, with the Canadian ICE canola market remaining closed

North American Grain and Oilseed Review: Profit-taking erodes earlier gains

Strong gains for U.S. soybeans, winter wheat

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Wednesday with declines in the more heavily-traded old crop months. Earlier in the session the nearby March contract hit a new contract high of C$1,020.50 per tonne. A trader noted the open interest in the January contract was


ICE Canola Midday: Prices pulling back from highs

CBOT soy complex stepping away from highs

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were turning mixed at midday Wednesday, with the most traded March contract hitting new highs earlier today. A trader noted that the open interest in the nearby January canola contract was quickly receding, being already under 8,000. Support for canola was

ICE canola up continues higher Wednesday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 22 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of yesterday’s advances. Sharp gains in the Chicago Board of Trade soy complex provided spillover support for canola, with Malaysian palm oil and European rapeseed futures also stronger overnight. Ongoing concerns over tight supplies