By Glen Hallick, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Friday due to profit taking. “We saw pretty good gains this week,” said a Winnipeg-based trader, noting the liquidation of the November contract continues. “There’s been a good effort to clean that up,” he added. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 23 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, as investors continued to book profits after prices hit multi-year highs earlier in the week. A softer tone in Chicago Board of Trade soybeans and soyoil accounted for some spillover selling pressure in canola. Early strength in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Thursday as the market rebalances after getting too far ahead of the Chicago soy complex. A trader put canola about $26 per tonne ahead of Chicago. He said canola demonstration rare independent strength in what […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were largely flat on Thursday after showing a fair bit of independent strength recently, according to a Winnipeg-based trader. “It’s rebalancing. The [Chicago] soy market is strong and canola is going nowhere. It was overdone in that rally,” the trader […] Read more

By MarketsFarm WINNIPEG, Oct. 22 (MarketsFarm) – The ICE Futures canola market was mostly lower Thursday morning, seeing a chart-based correction after climbing to new multi-year highs. The most active January contract hit a fresh high of C$552 per tonne, but has since retreated below unchanged. Ideas that the market was starting to look overbought […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts continued upward on Wednesday with some months witnessing new highs. As the expiry for the November contract approaches, traders are still rolling out and into the January contract. Improved demand has also been providing support to canola. Exports are up […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Wednesday in what has continued to be a bull market, with many months hitting new highs. “This market keeps chugging higher. Buying interest continues, we’re not sure if it’s short covering,” said a Winnipeg-based trader, noting there […] Read more

WINNIPEG – The ICE Futures canola market was at new contract highs Wednesday morning, as bullish technical signals kept speculators on the buy side and prices hit their strongest levels in three years. Gains in Chicago Board of Trade soybeans provided spillover support for canola. Malaysian palm oil was also up in overnight trade, although […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Tuesday reaching new contract highs. Traders continued to roll out of their November contracts before they expired in what has become a bull market. There was spillover from sharp gains in Chicago soyoil, along with additional support […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Tuesday with significant increases for the front months, while the deferred months saw small increases. “It’s the continuation of a bull market. We’re into new highs,” said a Winnipeg-based trader, noting there was a good […] Read more