By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, with new contract highs in the nearby contracts and a slightly softer tone in the new crop months. The lightly-traded nearby March contract exceeded C$800 per tonne, marking the first time any canola contract has ever […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Monday morning, with gains in the old crop months while the new crop months were steady to higher. Price rationing continues to be a major factor in the increases due to tight canola stocks. Although canola has […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued to hit new highs on Friday, as supplies tighten. Of note, the soon-to-expire March contract peaked at a record C$780.90 per tonne before stepping back. A trader said Canada is essentially running out of canola, which has led to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola was higher at midday Friday, as tight supplies continue to drive up prices, according to a Winnipeg-based trader. “We’re having a harder and harder time pulling canola from farmers’ hands. They don’t have much left,” the trader said, adding there were […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 19 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, hitting fresh contract highs once again as the ongoing rally showed no signs of slowing down. Concerns over tightening old crop supplies remained the key driver, as the market works to try and ration demand. Gains in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts hit new highs on Thursday in a show of independent strength, amid a volatile market. Canola made gains despite declines in the Chicago soy complex and in Malaysian palm oil. Price rationing was the main driver, as canola ending stocks […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola was stronger at midday Thursday, as contracts hit new highs in what has become its own market, according to a Winnipeg-based trader. “It’s shrugged off any downward movement in the United States markets. It’s not even looking at that anymore. It’s […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 18 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s move to fresh contract highs. Tightening old crop supplies and the need to ration demand remained a key driver in the market. Agriculture and Agri-Food Canada released updated supply/demand estimates […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola hit new highs on Wednesday, showing a measure of independent strength amid steep declines in Chicago soyoil. There was also pressure from losses in European rapeseed, but additional support came from stronger Malaysian palm oil. Shrinking canola supplies remain a supportive […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Wednesday, showing some independent strength, according to a Winnipeg-based trader. He noted Malaysian palm oil hit new contract highs in the overnight trading, but there were declines in Chicago soyoil and European rapeseed. The trader said […] Read more