By Glen Hallick, MarketsFarm WINNIPEG, Feb. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday morning, due to sharp declines in the Chicago soy complex. European rapeseed was lower as well, but there were gains in Malaysian palm oil. The cold weather across the Prairies provided a measure of support as […] Read more
ICE Canada Morning Comment: Weak soy complex pulls down canola
Higher loonie also weighs on values
North American Grain/Oilseed Review: Canola hits new highs again
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Tuesday, setting fresh contract highs once again in many months. Gains in Chicago Board of Trade soybeans and soyoil accounted for some of the spillover buying interest in canola, as the Chicago futures reacted to the latest […] Read more
ICE canola strengthens ahead of USDA report
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, taking some direction from the Chicago Board of Trade soy complex as investors adjusted positions ahead of monthly supply/demand data from the United States Department of Agriculture. Any surprises in the data will likely swing the […] Read more
ICE Canada Morning Comment: Support from edible oils, frigid Prairie temps
Bullish S&D report expected today from USDA
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, getting support from comparable edible oils. Chicago soyoil was up by about a half cent per pound, and there were gains in European rapeseed as well as Malaysian palm oil. Frigid temperatures across the Prairies […] Read more
North American Grain/Oilseed Review: Canola rises with soy complex
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 8 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Monday, as a rally in the Chicago Board of Trade soy complex provided spillover support. Many contracts hit new highs during the session, with bullish technical signals contributing to the gains. Solid end user demand also remained […] Read more
ICE canola hitting new highs in some months
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 8 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, hitting new highs in the most active May contract as a rally in the Chicago Board of Trade soy complex provided support. Soyoil futures climbed to new contract highs Monday morning, which helped boost canola crush […] Read more
ICE Canada Morning Comment: Canola drawing support from other edible oils
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Monday morning, gleaning support from other edible oils. Chicago soyoil was stronger by about a half cent per pound, and there were gains in European rapeseed as well as Malaysian palm oil. The cold snap across the […] Read more
North American Grain and Oilseed Review: Lower soyoil, higher loonie weaken canola
U.S. soybeans, corn dip, while wheat increases
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Friday, due to declines in Chicago soyoil and a higher Canadian dollar. Although Chicago soyoil was down, there were gains in European rapeseed and Malaysian palm oil. The Statistics Canada report on grain stocks as of […] Read more
ICE Canola Midday: Old crop down, new crop higher
Grain stocks down from last year
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed at midday Friday with front months steady to lower, while there were gains in the deferred months. “We are still seeing the liquidation in the March contract. A lot of commercials are not overly aggressive with their March […] Read more
Tightening stocks underpin ICE canola Friday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, finding some support from the latest stocks data from Statistics Canada. Canola supplies in the country as of Dec. 31 came in at 12.1 million tonnes, according to the government agency. That was down by 23.7 per […] Read more