By Marlo Glass, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, recovering some of the losses incurred yesterday. One Winnipeg-based trader said increased buying interest was supportive of canola prices, as many traders took to the sidelines yesterday. Gains in comparable vegetable oils also gave canola prices a […] Read more
ICE Canola Midday: Prices stronger midday Tuesday
ICE Canada Morning Comment: Canola bounces back on stronger edible oils
Higher Canadian dollar tempering gains
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday morning, as the market was correcting from yesterday’s losses. The Chicago soy complex was stronger, including soyoil being up by seven-tenths of a cent. Higher European rapeseed and Malaysian palm oil values were supportive as well. […] Read more
North American Grain & Oilseed Review
WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, as light trade activity and a lack of supportive forces kept pressure on prices. One Winnipeg-based trader said losses were spurred by profit-taking, as some participants have taken to the sidelines in anticipation of volatile market activity ahead of the […] Read more
ICE Canola Midday: Prices lower at midday Monday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – ICE Futures canola contracts were lower at midday Monday, spurred by profit-taking in United States commodity markets. One Winnipeg-based trader said some participants have taken to the sidelines, as market activity is expected to be volatile leading up to the highly anticipated U.S. presidential election. Losses […] Read more
ICE Canada Morning Comment: Canola slips back with other edible oils
Loonie higher, adding pressure
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 2 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Monday morning, due to weakness in the Chicago soy complex. There were also declines in European rapeseed and Malaysian palm oil. The Canadian dollar is higher at 75.36 U.S. cents, compared to Friday’s close of 75.09. The […] Read more
North American Grain/Oilseed Review: Canola rises ahead weekend
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 30 (MarketsFarm) – The ICE Futures canola market was mostly stronger on Friday, as investors adjusted positions ahead of the weekend. After seeing a profit-taking correction earlier in the week, speculators were back on the buy side on the final trading day of the month. Solid commercial demand from […] Read more
ICE canola steadies ahead of weekend
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 30 (MarketsFarm) – The ICE Futures canola market was holding within a narrow range at midday Friday, lacking any clear direction as traders squared positions ahead of the weekend. Canola posted large losses over the course of the week, retreating by more than C$10 per tonne off of the […] Read more
ICE canola futures: Prices lower Friday morning
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Friday morning, with slight gains observed in nearby contracts. Chicago soyoil contracts were stronger in early morning trade, providing somewhat of a boost. The December soyoil contract was up by about a third of a cent. Gains […] Read more
North American Grain/Oilseed Review
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was mostly higher on Thursday, seeing a modest correction after Wednesday’s sharp declines. Solid demand from both exporters and domestic crushers contributed to the firmer tone. Recent weakness in the Canadian dollar was also supportive. However, losses in Chicago Board of […] Read more
ICE canola edges down at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 29 (MarketsFarm) – The ICE Futures canola market was posting small losses in most months at midday Thursday, although activity was somewhat subdued as contracts consolidated after Wednesday’s sharp losses. Declines in Chicago Board of Trade soyoil contributed to some spillover selling in canola, although soybeans were turning higher […] Read more