By Marlo Glass, MarketsFarm WINNIPEG, Jan. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Monday morning, during the first trading session of 2021. Nearby Chicago soyoil contrast showed considerable gains this morning, providing spillover strength to canola. Dry growing conditions in Argentina have raised concerns regarding crop production. Additionally, negotiations between […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, amid light trade activity ahead of the market’s break for the New Year holiday. Markets will resume on Monday, January 4. Canola prices are expected to gain strength in the new year in order to temper […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Thursday morning. There was strong support coming from gains Chicago soyoil as well as additional support from higher European rapeseed and Malaysian palm oil values. Low trading volumes this week opened the possibility of volatility in the […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, walking back some of the gains made earlier in the week. Canola prices are expected to gain strength in the weeks to come in order to temper demand. Some market participants are concerned of tight carryout […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 30 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, due to a softer tone on comparable vegetable oils. Canola was following losses in Chicago soyoil, with nearby contracts down by about a tenth of a cent. One Winnipeg-based trader said canola prices need to correct higher […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday morning, as Chicago soyoil was down. The end to the three-week-old strike by grain inspectors and oilseed workers in Argentina meant declines in the Chicago soy complex. European rapeseed was slightly lower as well, but there […] Read more

WINNIPEG, Dec. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed stronger on Tuesday, with activity concentrated to deferred months as the January contract nears its expiry. Contracts are nearing chart resistance levels of around C$250 per tonne. Chicago soybeans hit multi-year highs on the day, with canola following suit. The January soyoil contract […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 29 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, during the first session of trading after the Christmas holiday. Chart resistance is expected to kick in at around C$650 per tonne. Canola was following gains in Chicago soyoil, with nearby contracts up by over a third […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday morning, due to a lack of direction in Chicago soyoil. In other edible oils, European rapeseed was narrowly mixed and Malaysian palm oil was lower. Losses could also be attributed to profit-taking as well […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Christmas Eve, correcting from yesterday’s losses. Concerns over tight canola supplies remain a supportive feature in trading. With low volumes expected next week, volatility should very likely become a feature. Especially with profit-taking and scale-up farmer hedging. […] Read more