By Glen Hallick, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Wednesday due to profit-taking, according to a Winnipeg-based analyst. The largest declines were in the old crop months, particularly the May contract. “Two days ago [May] canola made an all-time record high on the contract at […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 17 (MarketsFarm) – There was no green in the ICE Futures canola market Wednesday morning, as speculators liquidating long positions weighed on values. New end user buying interest was reportedly backing away at higher price levels, as the tight market worked to ration demand. However, the underlying fundamentals remain […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Tuesday, with declines in the old crop months while the more deferred positions were steady to higher. Losses in comparable edible oils pulled down canola’s May and July contracts. However, tightening supplies underpinned other canola values. A higher […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were pulling back at midday Tuesday, due to declines in comparable edible oils. However, during the overnight trade the May contract hit a new high of C$810.90 before turning lower. A Winnipeg-based trader noted there was a good amount of commercial […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 16 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, as chart-based profit-taking had values backing away from their highs. A softer tone in Chicago Board of Trade soybeans and soyoil put some spillover pressure on canola. Malaysian palm oil and European rapeseed futures were also lower […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower this Ides of March, as Chicago soyoil and the Canadian dollar played Brutus and Cassius to canola’s Julius Caesar. Soyoil gained strength during most of today’s session at the Chicago Board of Trade (CBOT), only to turn lower […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed at midday Monday. “The old crop still has a little bit of life in it, but it’s lagging the U.S. [markets],” a Winnipeg-based trader commented, noting that canola remained relatively cheap to comparable edible oils. “The old crop needs […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, trading just below the contract highs hit last week. The underlying fundamentals of tight old crop supplies and the need to ration demand remained supportive to start the week, with the largest advances in the front months. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – The ICE Futures canola market was lower at Friday’s close, after trading to both sides of unchanged in choppy activity. Tight old crop supplies and a rally in Chicago Board of Trade soyoil helped the nearby May contract hit a new high of C$808.50 per tonne […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – The ICE Futures canola market was mostly higher at midday Friday, hitting new highs in the most active May contract as gains in Chicago Board of Trade soyoil helped the Canadian oilseed recover from earlier declines. While chart-based profit-taking ahead of the weekend had put some […] Read more