By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – The ICE Futures canola market was mostly higher on Friday, with only the lightly traded July contract still posting losses as the old/new crop spread narrowed in. Chart-based buying on ideas yesterday’s selloff was overdone contributed to the gains, as the November contract bounced off its […] Read more

WINNIPEG– The ICE Futures canola market is rebounding at midday Friday after suffering limit down losses on Thursday, forcing ICE canola contract limits to be expanded from C$30 per tonne to C$45. While the July canola contract has held mostly steady, new crop contracts are rising by nearly C$30/tonne. A Winnipeg-based trader said a combination […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 18 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday morning, making the first significant gains this week. Only the old crop July contract saw declines. The change of direction came after the most actively traded months closed at the daily limit of C$30 per tonne […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – The ICE Futures canola market was down sharply on Thursday, falling by their daily C$30 per tonne limit in many months as a selloff in the Chicago Board of Trade soy complex had investors liquidating long positions on both sides of the border. Speculators were noted […] Read more

WINNIPEG – The ICE Futures canola market suffered its largest losses of the week at midday Thursday as contracts had either hit or were approaching limit down. The July canola contract has also fallen below the C$800 per tonne mark. A Winnipeg-based trader stated that recent rains had brought downward pressure on the market, despite […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday morning, as bearish signals continued to drive down prices. Chicago soybeans and soyoil were in steep decline while soymeal incurred minor losses. There were sharp pull backs in European rapeseed as well, but those for Malaysian palm […] Read more

WINNIPEG – The ICE Futures canola market was sharply weaker at midday Wednesday in sympathy with the Chicago soy complex. Canola futures have lost more than C$18 per tonne, with the most active November contract threatening to drop below the C$700/tonne mark. A Winnipeg-based trader attributed the fall to recent rains in the Prairies, the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, June 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued to pull back on Wednesday morning, generating so far the fourth consecutive day of losses in the old and new crop contracts. There were declines in Chicago soybeans and soyoil, while soymeal made modest increases. European rapeseed and Malaysian palm […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 15 (MarketsFarm) – The ICE Futures canola market was weaker for the third-straight session on Tuesday, taking some direction from Chicago Board of Trade soybeans. Recent rains across Western Canada have helped take some of the weather premium out of the market. However, the downtrend was showing signs of […] Read more

WINNIPEG – The ICE Futures canola market weakened in both old and new crop contracts at midday Tuesday in concert with soybeans, but losses stayed within the single digits. Old crop soybeans fell less than five cents per bushel on Tuesday and none of the new crop contracts fell more than 20 cents/bu. Meanwhile, soyoil […] Read more