By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 20 (MarketsFarm) – The ICE Futures canola market was mostly stronger Tuesday morning, with the largest gains in the front months as values touched fresh contract highs. Follow-through speculative buying after Monday’s gains accounted for some of the early strength, with the November/January spread a feature as investors continued […] Read more
ICE canola testing fresh highs Tuesday morning
North American Grain and Oilseed Review: November contract sees sharp increase
CBOT: Export inspections propel gains
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Monday, as support from the spreads outweighed pressure from lower edible oils and gains in the Canadian dollar. Traders continued to roll out of the November contract ahead of its expiry. Chicago soyoil dropped more than four-tenths […] Read more
ICE Canola Midday: Spreading stems losses due to weaker soyoil
Prairie canola harvest virtually complete
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were trading either side of steady on Monday. “Canola is very sturdy. It was extremely strong on Friday,” commented a Winnipeg-based trader, noting support was coming from spreading. However, pressure was coming from a sharp decline in Chicago soyoil. Lower […] Read more
ICE canola turns lower in choppy morning trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 19 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Monday morning in thin and choppy activity, although the bias was turning to the downside. Losses in Chicago Board of Trade soyoil and a firmer tone in the Canadian dollar accounted for some of […] Read more
North American Grain/Oilseed Review
WINNIPEG, Oct. 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Friday, bouncing back after trading lower for most of the session. Trade activity in front months was a feature in trading activity, as market participants position ahead of the November contract’s expiry. Ample canola supplies in commercial pipelines kept pressure […] Read more
ICE Canola Midday: Prices weaker at midday Friday
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – ICE Futures canola contracts were lower at midday Friday. Canola prices have been pressured by high volumes of canola in commercial pipelines following Western Canada’s harvest. Losses in comparable vegetable oils also weighed on prices, with nearby contracts posting losses of over a tenth of a […] Read more
ICE Canada Morning Comment: Soyoil gains pull up canola
Colder than normal Prairie temps coming
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady higher on Friday morning, due to increases in Chicago soyoil. Gains European rapeseed was also supportive of canola, but losses Malaysian palm oil weighed on values. The Canadian dollar nudged higher at 75.70 U.S. cents, compared to Thursday’s […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly weaker on Thursday, taking back some gains from earlier in the week. Trade activity was concentrated in front months, as speculative buyers positioned ahead of the November contract’s expiry. Ample canola supplies in commercial pipelines kept pressure on […] Read more
ICE canola mixed in choppy midday trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Thursday, with the intermonth spread trade a feature of the activity as participants continued to roll their positions out of the nearby November contract. Losses in Chicago Board of Trade soyoil futures accounted for some spillover […] Read more
ICE Canada Morning Comment: Plummeting soyoil pulls down canola
Lower loonie attempts to stem further declines
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Thursday morning, due to losses in the soy complex at the Chicago Board of Trade. In particular, soyoil fell by more than nine-tenths of a United States cent. As well, there were declines in European rapeseed and […] Read more