By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday due to profit-taking, according to a Winnipeg-based trader. With Statistics Canada set to release its principal field crops report on Dec. 3, the trader said the markets are unsure of what the numbers are going to […] Read more
ICE Canola Midday: Profit-taking pulling down prices
Statistics Canada report out Thursday
ICE canola drops sharply to start week
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – The ICE Futures canola market was sharply lower Monday morning, as investors booked profits on the recent multi-year highs on the last trading day of the month. Losses in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure in canola, with much-needed […] Read more
North American Grain & Oilseed Review
WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed stronger on Friday, regaining the losses incurred earlier in the week. Chicago soyoil moved higher after markets reopened from the United States Thanksgiving holiday. Nearby soyoil contracts were up by about half of a cent on the day. Strength in the Canadian dollar […] Read more
ICE Canola Midday: Prices stronger midday Friday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, bouncing back after yesterday’s losses. United States markets reopened overnight but will close early today. Chicago soyoil was up considerably in early trade, which gave canola prices a boost. Nearby contracts were up by over six tenths […] Read more
ICE Canada Morning Comment: Canola bounces back
Support from higher soyoil, rapeseed
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday morning, getting support from edible oils. Chicago soyoil was up as the United States markets reopened following the Thanksgiving holiday. However, the markets will close early today at 12:05 pm. European rapeseed was also higher, but […] Read more
Canadian Financial Close: Loonie stays firm as crude prices slip
OPEC+ alliance showing cracks
By MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – The Canadian dollar was steady on Thursday, as the rally in global benchmark crude oil lost steam. The dollar finished at US$0.7685 or US$=C$1.3013 compared to Wednesday’s close of US$0.7691 or US$1=C$1.3003. Markets in the United States were closed for the Thanksgiving holiday. Benchmark crude oil prices were […] Read more
ICE Canada Morning Comment: Little direction for canola
IGC cuts ending stocks
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were narrowly mixed on Thursday morning in light trading volume due to the Thanksgiving holiday in the United States. With the U.S. markets closed for the day, canola wasn’t getting direction from the Chicago soy complex. Lower European rapeseed and […] Read more
North American Grain & Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed slightly higher on Wednesday, regaining some of the losses incurred in yesterday’s trade. Positioning ahead of the United States Thanksgiving holiday was a feature in trade, as market activity is expected to be quiet for the rest of the […] Read more
ICE Canola Midday: Prices mixed midday Wednesday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, amid light trade activity and positioning ahead of the United States Thanksgiving holiday. Chicago soyoil contracts were stronger in early trade, which gave canola prices a boost. Nearby contracts were up by about half a cent in […] Read more
Global Markets: U.S. manufacturing posts gains
By MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. United States manufactured goods posted gains of 1.3 per cent in October, according to new data from the U.S. Commerce Department. Orders for durable goods also showed gains of 2.1 per cent in September. […] Read more