By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday with spillover from sharp gains in Chicago soyoil. There was additional support from gains in European rapeseed and Malaysian palm oil. The largest increases in canola came in the new crop months. The likelihood of tight […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Thursday getting spillover from good gains in Chicago soyoil. A Winnipeg-based trader remarked that canola had been “beaten down, but it’s back up again.” There was additional support from higher European rapeseed and Malaysian palm oil […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing a modest bounce after posting heavy losses earlier in the week. While canola had been due for a profit-taking correction from a chart standpoint, the underlying fundamentals remain supportive. As a result, concerns over tight supplies […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday. Weakness in Chicago soybeans and soymeal drove down canola prices, with additional pressure from lower European rapeseed and Malaysian palm oil. Sharp gains in Chicago soyoil helped to bring canola prices off of their lows. A […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker at midday Wednesday due to continued profit-taking, according to a Winnipeg-based trader. “It’s starting to rebound, led by soyoil,” commented the trader, noting that canola was being held down by the spreaders. At midday, the March contract for […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The ICE Futures canola market was down sharply Wednesday morning, posting steep losses for the second day in a row as speculative profit-taking weighed on the overbought market. Declines in Chicago Board of Trade soybeans, in reaction to beneficial South American rains, contributed to the bearish […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were significantly weaker on Tuesday, due to spillover from profit-taking on the Chicago soy complex. Following the Martin Luther King Jr. holiday, the Chicago Board of Trade reopened to see sharp declines in soybeans and soymeal. Soyoil finished slightly lower […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower at midday Tuesday due to profit-taking, according to a Winnipeg-based trader. He explained the profit-taking was spurred on by the rains in South America over the weekend that were better than expected. In turn, that meant the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 19 (MarketsFarm) – The ICE Futures canola market was posting small losses Tuesday morning, taking some direction from the Chicago Board of Trade soy complex. A firmer tone in the Canadian dollar and chart-based profit-taking contributed to the declines. Soybeans and soyoil were both lower to start the day, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, amid light volumes due to the United States Markets being closed for the Martin Luther King Jr. holiday. When the U.S. markets are closed canola either becomes very swingy or hardly budges, according to a trader. […] Read more