By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, taking back some of Monday’s losses. Gains in the Chicago Board of Trade soy complex provided some spillover support, with Malaysian palm oil and European rapeseed futures also up overnight. While scattered showers were hitting parts of […] Read more
North American Grain/Oilseed Review: Canola rises with soy complex
ICE canola corrects higher
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 20 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, taking back Monday’s losses as gains in the Chicago Board of Trade soy complex provided some spillover support. Malaysian palm oil and European rapeseed futures were also higher overnight. While scattered showers were hitting parts of […] Read more
ICE Canada Morning Comment: Canola swings higher
Getting support from comparable edible oils
By Glen Hallick, MarketsFarm WINNIPEG, July 20 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Tuesday morning, getting support from gains in the Chicago soy complex and European rapeseed. Rain has been falling on the southern parts of Saskatchewan and Manitoba, with another system bringing precipitation to Alberta over the next couple of […] Read more
North American Grain/Oilseed Review: Canola falls with crude oil and soy complex
WINNIPEG – The ICE Futures canola market was weaker on Monday, as sharp losses in crude oil and the Chicago Board of Trade soy complex weighed on values. Slightly more moderate temperatures across much of Western Canada, as smoke from forest fires led to hazy skies, and forecasts calling for much needed precipitation in some […] Read more
ICE canola weakens with outside markets at midday Monday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 19 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, as losses in outside markets and improving weather conditions in parts of Western Canada weighed on values. “When you have crude oil down almost five dollars (per barrel) and (Chicago Board of Trade) bean oil getting […] Read more
ICE Canada Morning Comment: Canola prices dropping back
Lower edible oils leading declines
By Glen Hallick, MarketsFarm WINNIPEG, July 19 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Monday morning, following declines in comparable edible oils along with the Prairie weather forecast. There were losses in Chicago soyoil and European rapeseed, while Malaysian palm oil was mixed. There were gains in Chicago soybeans and soymeal. Lower […] Read more
North American Grain and Oilseed Review: Canola ends week mixed
U.S. soybeans, wheat climb, corn recedes
By Glen Hallick, MarketsFarm WINNIPEG, July 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished mixed on Friday, with gains in the front months and losses for the more deferred positions. With the ongoing drought across the Prairies, a trader said that two more weeks of hot and dry weather will severely damage the canola […] Read more
ICE Canola Midday: Prices continue on the upswing
Trader says more price rationing required
By Glen Hallick, MarketsFarm WINNIPEG, July 16 (MarketsFarm) – Canola futures on the Intercontinental Exchange (ICE) were higher at midday Friday, with the largest gains in the front months. The drought on the Prairies could further erode canola yields more than recently estimated. While participants have predicted a crop of 16 million to 18 million […] Read more
ICE Canada Morning Comment: Higher edible oils, forecast spur prices
Canola movement down says commission
By Glen Hallick, MarketsFarm WINNIPEG, July 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday morning, with support from gains in the Chicago soy complex, as well as European rapeseed and Malaysian palm oil. Aside from scattered showers, the Prairies are forecast to remain hot and dry through the weekend. However, the […] Read more
North American Grain and Oilseed Review: Higher edible oils, dry forecast pushes up canola
U.S. soybeans, corn lower as wheat jumps
By Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished stronger on Thursday, getting support from gains in Chicago soyoil, European rapeseed and Malaysian palm oil. The ongoing drought across the Prairies remained supportive of canola as well. Temperatures throughout the region are to rise to the low to mid-30 […] Read more