By Marlo Glass, MarketsFarm WINNIPEG, Dec. 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly higher on Wednesday morning. Gains in Chicago soyoil was supportive of canola prices. Nearby contracts were up by about a third of a cent in early morning trade. Market participants will be waiting for tomorrow’s World Agriculture Supply […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in the Chicago Board of Trade soy complex providing the catalyst for the selloff in the Canadian oilseed. Fund long liquidation was a feature, as the canola market backed away from its recent highs and […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – The ICE Futures canola market was down sharply at midday Tuesday, as prices backed away from nearby highs. Fund long liquidation was a feature, with speculators booking profits on their bullish bets, according to a trader. He added that losses in the Chicago Board of Trade […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Tuesday morning, pulled down by weakness in other vegetable oils. Nearby Chicago soyoil contracts were down by about half of a cent in early morning trade, as forecasts of rain have improved growing conditions in South America. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Monday, but settled with losses as declines in Chicago Board of Trade soybeans and soyoil weighed on values. Chart-based speculative selling contributed to the eventual declines, as canola ran into technical resistance. However, solid […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – The ICE Futures canola market was posting gains at midday Monday, recovering from early losses as Chicago Board of Trade soybeans also turned higher. Concerns over tightening supplies and the need to ration demand going forward remained supportive, especially as exports continue to leave the country […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 7 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday morning, pulled down by weakness in comparable vegetable oils. Chicago soybean contracts were lower in overnight trade, due to improving growing conditions in key soybean-growing regions in South America. Nearby soyoil contracts were down by about […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts reached new contract highs on Friday with support from the Statistic Canada report released yesterday. The report dropped canola production in 2020 by 3.6 per cent compared to 2019. With strong domestic and foreign demand, the reduced amount of canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were pushing to new highs at midday Friday, riding the support from yesterday’s Statistics Canada report, according to a Winnipeg-based trader. At one point the January contract reached $599 per tonne before backing off. The trader added that strong vegetable […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, hitting its highest levels in seven years as bullish technical signals and the need to ration tightening supplies provided support. Updated production estimates released by Statistics Canada on Thursday remained a key driver, as the canola crop […] Read more