By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed lower on Tuesday, backing off of multi-year highs. One Winnipeg-based trader said chart consolidation was contributing to canola’s weakness, along with profit-taking ahead of the United States Thanksgiving holiday. Recent data from Statistics Canada showed canola crush activity broke […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, due to profit-taking ahead of the United States Thanksgiving long weekend. “The U.S. Thanksgiving is notorious for some profit-taking leaking into the market,” remarked one Winnipeg-based trader, noting that canola values were due for a pullback. Chicago […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Tuesday morning, stepping away from yesterday’s contract highs. Weakness in the Chicago soy complex and European rapeseed contributed to the declines in canola, but gains in Malaysian palm oil helped to stem further losses. Continuing dry conditions […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts closed higher on Monday, hitting new multi-year highs. Canola’s gains have lagged behind movement in Chicago soyoil. Chicago soyoil was slightly lower on the day, with nearby contracts losing about a tenth of a cent. Slight losses in the Canadian […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, supported by gains in comparable vegetable oils. One Winnipeg-based trader noted canola values were due for a correction. “Technical indicators show [canola] is running out of momentum, but not hitting enough selling to break the rally yet,” […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday morning hitting new contract highs. As was the case last week, speculators were adding to their long positions and end-users were bidding up to entice farmers to sell. Gains in the Chicago soy complex also provided […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Friday, hitting fresh highs in the nearby January contract for the fourth-straight session as speculators added to long positions and end-users bid up the market in order to secure supplies. Gains in Chicago Board of Trade soybeans […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, but off its earlier highs as values ran into resistance and profit-taking came forward ahead of the weekend. Solid commercial demand remained a supportive feature, as end users bid up the front months in order to […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday morning, hitting fresh contract highs. Gains in comparable oilseed markets were supportive of canola values, with nearby Chicago soybean contracts also reaching contract highs in overnight trade. Nearby soyoil contracts were up by about a tenth […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 19 (MarketsFarm) – The ICE Futures canola market was mixed on Thursday, with new multi-year highs in the front months and losses in the more deferred positions. Gains in Chicago Board of Trade soyoil provided some spillover support for canola, although soybeans settled near unchanged. End users were being […] Read more