By Glen Hallick, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher at midday Monday in what has been a choppy and volatile market. A Winnipeg-based trader said prices had been firm much earlier in the session, but weakened as the day progressed, only to turn higher. “Soybeans […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 1 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, recovering from overnight losses in choppy trade. Gains in Chicago Board of Trade soyoil and a softer tone in the Canadian dollar contributed to the buying interest in canola, as crush margins saw some improvement. Ongoing concerns […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, as it continued to correct after posting 13-year highs earlier in the week. “The traders that jammed canola up are now trying to get out without collapsing the market like a house of cards,” said a […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola turned lower Friday morning after making gains in the overnight trading. This was despite strong support from other comparable edible oils including Chicago soyoil, which was up by more than four-tenths cent per pound. The Canadian dollar was higher at 78.36 […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with losses in the front months and gains in the new crop contracts as the old/new crop spread saw some readjustment Chart-based profit-taking accounted for much of the selling pressure in the nearby March contract, as it […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was lower at midday Thursday, seeing a profit-taking correction after climbing sharply higher earlier in the week. The largest losses were in the nearby March contract, as the intermonth spreads saw some readjustment after the front month had outpaced the deferred […] Read more

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as volatility in outside financial markets weighed on the currency. At 8:40 CST Thursday morning the Canadian dollar was at US$0.7791 or US$1=C$1.2835 which compares with Wednesday’s North American close of US$0.7828 or US$1=C$1.2775. The value of building permits issued in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola reached new contract highs on Thursday morning with the March contract having peaked at C$721 per tonne in overnight trading. This is the highest canola has been since 2008. Canola continued to glean spillover from strong gains in the Chicago soy […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, with the largest gains in the nearby March contract as the front month settled well above C$700 per tonne for the first time since 2008. Commercial traders sitting on short positions were reportedly being forced to pay […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 26 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, hitting fresh highs in the front months as concerns over tightening supplies remained supportive. “If we keep exporting and crushing the way we are, we’ll run out (of canola,” said a trader accounting for some of […] Read more