WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing follow-through buying after Wednesday’s break above psychological chart resistance. The November contract settled above C$530 per tonne on Sept. 16, marking the first close above that level in more than two years. The move was bullish from a chart […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower on Thursday morning, taking back some of the gains made earlier in the week. Nearby soyoil contracts were down by about a tenth of a cent, putting a damper on canola prices. The Canadian dollar dropped below […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – The ICE Futures canola market rallied to new contract highs on Wednesday, as bullish technical signals had speculators adding to their large long positions. The most active November contract managed to settle above long-term chart resistance around C$530 per tonne, with a rally in Chicago Board […] Read more

WINNIPEG, Sept. 16 (MarketsFarm) – The ICE Futures canola market was up sharply at midday Wednesday, hitting fresh contract highs as speculative fund traders added to their large net long positions. “The funds are long and continue to add to their long positions,” said a broker on the technical buying behind much of the gains. […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, spurred by a stronger tone for comparable vegetable oils. Nearby soyoil contracts were up by about two tenths of a cent, and Malaysian palm oil and European rapeseed were higher in early morning trade as well. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, retreating from nearby highs as overbought price sentiment had speculators booking profits. Losses in the Chicago Board of Trade soy complex and most other agricultural commodities also weighed on values, according to participants. Seasonal harvest pressure was […] Read more

WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, retreating from two-year highs as speculators took profits. After climbing higher for most of the past month, canola was looking overbought from a chart standpoint, according to a broker which accounted for some of the selling pressure. “It’s just a […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Tuesday morning, walking back some of the considerable gains made earlier in the week. A strong loonie contributed to some of the losses seen in canola. The dollar edged over 76 United States cents in early morning […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was up sharply on Monday, hitting fresh two-year highs for the front month contract as bullish technical signals kept speculators showing solid demand. Gains in Chicago Board of Trade soybeans and soyoil provided spillover support for canola, with the soy market […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, hitting fresh two-year highs as bullish chart signals kept speculators on the buy side of the market. Gains in Chicago Board of Trade soybeans and soyoil provided spillover support for canola, with the soy market also […] Read more