By Glen Hallick, MarketsFarm WINNIPEG, Dec 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday, hitting new contract highs following the release of the Statistics Canada report on principal field crops. The federal agency dropped its estimate for canola production in 2020/21 from 19.4 million tonnes to 18.7 million. Dry conditions […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were hitting new contract highs at midday Thursday following the release of the latest Statistics Canada report on principal field crops. The federal agency dropped its estimate on canola production from 19.4 million tonnes in September to 18.7 million. “Everybody […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – The ICE Futures canola market was posting solid gains Thursday morning, testing fresh contract highs as traders reacted to the latest Statistics Canada production estimates. Canola production for the year was pegged at 18.7 million tonnes, which would be down from the September estimate of 19.4 […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, in a correction from yesterday’s spike. Chicago soyoil and European rapeseed continued lower today, which weighed on canola values. Gains in Malaysian palm oil provided a measure of support. Thursday’s principal field crops report from Statistics […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday as they corrected from yesterday’s gains, according to a Winnipeg-based analyst. “Yesterday canola was up over C$6 per tonne, soyoil was down 50 points and soybeans were down six cents,” the analyst said, noting that canola […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, backing away from major chart resistance as losses in the Chicago Board of Trade soy complex weighed on values Beneficial rains in South America accounted for some of the selling pressure in the soy market that spilled […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, recouping most of yesterday’s losses in a show of independent strength. Chicago soyoil, European rapeseed and Malaysian palm oil were lower today, which tempered further gains in canola. A trader said there continues to be strong […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were “roaring back” on Tuesday after selling off yesterday, said a Winnipeg-based trader. “I think it’s a mixture of commercial and spec demand,” he said, noting there is some technical resistance as prices approach recent contract highs. A big question, […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Tuesday morning, gleaning spillover support from comparable vegetable oils. Chicago soybean contracts were stronger in overnight trade, with nearby soyoil contracts up by about a fifth of a cent in early morning trade. Continued strength in the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, due to profit-taking and weaker edible oils. There’s uncertainty in the markets toward the upcoming principal field crops report from Statistics Canada. The general consensus is for canola production to be lower than the 19.3 million […] Read more