By Glen Hallick, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower midday in choppy trading on Thursday, due to declines in the Chicago soy complex. Only the old crop July contract was higher. A trader noted there has been a lot of spreading going on between the canola and […] Read more
ICE Canola Midday: New crop prices pulling back
Only old crop July higher
ICE canola mixed early Thursday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The ICE Futures canola market was mixed Thursday morning, retreating from overnight gains in the most active months as a downturn in the Chicago Board of Trade soy complex weighed on values. Continued strength in the Canadian dollar, which was at its highest level in nearly […] Read more
Canadian Dollar and Business Outlook: Loonie looking at four year highs
Crude oil prices jump
Compiled by Glen Hallick, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The Canadian dollar continued upward on Thursday morning, pushing closer to highs unseen since Jan. 28, 2018 when it peaked at 81.60 U.S. cents. As of 8:45 CDT, the Canadian dollar was at US$0.8133 or C$1.2302 compared to Wednesday’s close of US$0.8093 or C$1.2357. On […] Read more
North American Grain and Oilseed Review: Canola pulls back for second day
CBOT: Volatile session ends in downturn
By Glen Hallick, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, in a volatile session that saw wide swings up and down for some of the active months. A trader noted there was rolling out of the May contracts in canola as well as those for Chicago corn […] Read more
ICE Canola Midday: Prices pulling back in volatile market
Canola down since Statistics Canada report
By Glen Hallick, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday on Wednesday, including the May contract that had been showing gains today. A trader noted the May was “getting down to its last little bit” as the open interest in the contact was below 1,600. That said, […] Read more
ICE canola mostly lower Wednesday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The ICE Futures canola market was mostly lower Wednesday morning, with only the lightly traded nearby May contract holding onto gains as traders exited the front month ahead of its expiry. Speculative profit-taking was a feature in the more active months, as Tuesday’s retreat from contract […] Read more
North American Grain and Oilseed Review: Volatile market sends most prices lower
Statistics Canada issues planting projections
By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Tuesday, with only the soon-to-expire May contract making gains in a very volatile session. Tight supplies guided May canola along with strong support from the May contracts in Chicago soyoil and European rapeseed. However, those edible oils […] Read more
ICE Canola Midday: Widening gap between old, new crop prices
Canola is 'ludicrously cheap' says trader
By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday on Tuesday, with a tremendously wide gap in the gains for old crop and those for new crop. The latter was quite volatile in fluctuating between declines and increases. A Winnipeg-based trader said the markets were […] Read more
ICE canola up following acreage estimates
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The ICE Futures canola market was higher Tuesday morning, although activity was choppy as the market reacted to the latest acreage estimates from Statistics Canada and movement in the Chicago soy complex. Canadian farmers intend to seed 21.5 million acres of canola this spring, according to […] Read more
North American Grain and Oilseed Review: Positioning leads to new contract highs
CBOT see sharp gains across the board
By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished stronger on Monday, with the most active months hitting new contract highs. That included the soon-to-expire May contract topping off at C$900 per tonne before settling a little lower. Profit-taking generated declines earlier in today’s trading, but that gave way […] Read more