ICE canola down sharply at midday, but well off overnight lows

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, as a selloff in most outside financial and commodity markets spilled into grains and oilseeds. Contracts briefly posted limit-down moves in overnight activity, with the January contract touching a low of C$514 per tonne. Sell stops […] Read more

ICE canola futures: Prices lower Wednesday morning

By Marlo Glass, MarketsFarm WINNIPEG, Oct. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were considerably lower on Wednesday morning. Nearby soyoil contracts were weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by about eight tenths of a cent. Losses in the Canadian dollar provided some […] Read more


North American Grain/Oilseed Review: Canola continues lower with profit-taking

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was mostly weaker on Tuesday, as traders continued to book profits amid an overbought price sentiment. Long liquidation in the nearby November contract was spilling into the deferred positions, ahead of the front month’s expiry. Losses in Chicago Board of Trade […] Read more

ICE canola weakens with profit-taking at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as prices continued to back away from nearby highs. “It’s stemming from long liquidation in the November (contract) as open interest is whittled down in that month,” said a Winnipeg-based trader. He noted that the selling […] Read more


ICE canola futures: Prices lower Tuesday morning

By Marlo Glass, MarketsFarm WINNIPEG, Oct. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly lower on Tuesday, amid light trading activity. Nearby soyoil contracts were slightly weaker in early morning trade, keeping pressure on canola values. The December soyoil contract was down by a fraction of a cent in early morning trade. […] Read more

North American Grain/Oilseed Review: Profit-taking weighs on canola

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as overbought price sentiment had investors covering long positions and booking profits. Chart-based selling was a feature, with ample supplies in the commercial pipeline added to the softer tone. However, gains in Chicgo Board of Trade soyoil […] Read more


ICE canola turns lower at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The ICE Futures canola market was posting losses in the most active contracts at midday Monday, seeing some consolidation just below their recently-hit multi-year highs. Chart-based selling was a feature, amid ideas canola was looking overbought from a technical standpoint. Losses in Chicago Board of Trade […] Read more

ICE canola futures: Prices mixed Monday morning

By Marlo Glass, MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were on either side of unchanged on Monday morning. Harvest activity has wrapped up ahead of schedule across the Canadian Prairies, with 99 per cent of Alberta’s crops in the bin. The canola crop is 98 per cent harvested province-wide. […] Read more


Canadian Dollar and Business Outlook: Loonie below 76 cents

Drop in crude prices, stronger US$

By MarketsFarm WINNIPEG, Oct. 26 (MarketsFarm) – The Canadian dollar was lower Monday morning, falling below 76 U.S. cents due to weaker crude oil prices and a stronger United States dollar. As of 8:35 CDT, the Canadian dollar was at US$0.7591 or C$1.3175, compared to Friday’s close of US$0.7610 or C$1.3140. The U.S. Dollar Index […] Read more

North American Grain and Oilseed Review: Canola turns around to end higher

CBOT session ends on a high note

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Friday after starting the session with losses. Support came from gains in Chicago soyoil and Malaysian palm oil. Lower European rapeseed weighed on values. Canola contracts have remained near or at highs not experienced for several years. […] Read more