By Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Friday, winning back a portion of the steep losses incurred on Thursday. Much of canola’s recovery was due to strong gains in Chicago soyoil and European rapeseed. A trader stated the longs were moving out of the July […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were gaining some strength at midday Friday, turning around after steep losses on Thursday. A trader explained the new crop November canola contract has been closely following the product values of Chicago soyoil and soymeal, which were swinging upward. But it […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 14 (MarketsFarm) – The ICE Futures canola market was mixed Friday morning, with continued losses in the nearby July contract but a firmer tone in the new crop months as the July/November spread narrowed in. Commercial buying interest has largely shifted into the new crop months, causing speculative profit-taking […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Thursday. The old crop July contract was down the expanded daily limit of $45 per tonne for nearly all of the session. A trader noted there has been an overreaction to inflation in the United States, which has […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were retreating at midday Thursday, with the old crop July contract at the expanded down limit of C$45 per tonne. Should that trading remain at the down limit, then it will be further expanded to C$60 per tonne for Friday’s session. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was mostly weaker Thursday morning, with near-limit-down losses in the nearby July contract as the old/new crop spread saw some adjustment. Commercial buying interest has largely moved over to the new crop months, leaving the July contract open to speculative profit-taking. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures witnessed strong gains in the new crop months on Wednesday, while old crop July fell to its down limit. A trader said there has been a tremendous amount of rolling out of that July contract into November after the former exceeded […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher in the new crop months at midday Wednesday, with continuing declines in the old crop July contract. A Winnipeg-based trader explained there is a mass liquidation of the July contract this week after it moved C$250 per tonne ahead […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 12 (MarketsFarm) – The ICE Futures canola market was mixed Wednesday morning, with losses in the nearby July contract and gains in the more deferred positions. Speculative profit-taking accounted for some of the selling pressure in the July contract, with end-user buying interest also shifting to the new crop […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 11 (MarketsFarm) – The ICE Futures canola market was mixed on Tuesday, with sharp losses in the old crop July contract and a firmer tone in the new crop months in trade that was described as choppy and volatile. Increased farmer hedges, as price targets were met in the […] Read more