By Glen Hallick, MarketsFarm WINNIPEG, Feb. 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Tuesday, getting support from strong gains in Chicago soyoil. Trading resumed following the holidays in Canada and the United States on Monday. “Beanoil is the leader by far,” said a Winnipeg-based trader, noting that it’s up […] Read more

WINNIPEG, Feb. 16 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, hitting fresh contract highs in many months. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, with Malaysian palm oil also up sharply in overnight activity. Chart-based buying contributed to the gains in canola, with […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The ICE Futures canola market posted solid gains on Friday, with the largest advances in the front months as bullish technical signals and concerns over tightening old crop supplies provided support. Canola exports continue to run well ahead of the year-ago level, highlighting the need to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, hitting a fresh contract high in the most active May contract as gains in Chicago Board of Trade soyoil provided spillover support. Concerns over tightening old crop supplies continued to underpin the market as well, with […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday morning, getting support from the Chicago soy complex. There was also support from gains in European rapeseed while lower Malaysian palm oil weighed on values. The frigid temperatures across the Prairies have slowed producer deliveries as […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – The ICE Futures canola market steady to higher on Thursday, with the largest gains in the front months amid ongoing concerns over tightening old crop supplies. The widening of the old/new crop spread was a feature, with expectations for increased canola area this spring tempering the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, taking back some of Wednesday’s losses as gains in the Chicago Board of Trade soy complex provided some spillover support. Canola held up relatively well when soybeans moved lower on Wednesday, and were lagging to the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were gaining strength on Thursday morning, getting support from sharp increases in the Chicago soy complex. Also, tightening canola ending stocks remain supportive. Below normal temperatures across the Prairies are expected to continue through the weekend, slowing producer deliveries as […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday, falling off of its nearby highs as a downturn in the Chicago Board of Trade soy complex weighed on prices. Speculative long liquidation was a feature, as fund traders booked profits amid a lack of fresh bullish […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – The ICE Futures canola market was sharply weaker at midday Wednesday, backing away from nearby highs as speculative long liquidation weighed on values. Losses in the Chicago Board of Trade soy complex contributed to the downturn in canola, with an end to a truckers strike in […] Read more