By Glen Hallick, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, getting significant spillover from the Chicago soy complex. The release of the United States Department of Agriculture monthly World Agricultural Supply and Demand Estimates, as well as its crop production report proved to be quite bullish […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher at midday Friday, due to commercial demand and speculative fund interest, according to a Winnipeg-based trader. “The farmer selling is kind of light for the time being, so we’re not seeing much resistance above the market,” […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 11 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, testing upper resistance as traders reacted to activity in the Chicago Board of Trade soy complex. Solid export demand gave soybeans a boost, which provided the catalyst for the speculative buying in canola, according to participants. Demand […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Thursday, managing to take back most, if not all, of yesterday’s losses. A trader stated that higher basis quotes are being offered by crushers and elevators, as an attempt to entice harvest sales. He said in some […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at midday Thursday, regaining a portion of yesterday’s losses. “There were a couple of areas on the Prairies where the crushers and elevators were posting really good basis quotes. They’re trying to get the harvest sales rolling,” a […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, seeing some follow-through selling after Wednesday’s retreat off of the two-year highs hit earlier in the week. A firmer tone in the Canadian dollar, which was trading back above 76 U.S. cents, contributed to the early weakness […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, giving up a large chunk of yesterday’s big gains. Weakness in Chicago soyoil and European rapeseed, along with a stronger Canadian dollar weighed on values. At mid-afternoon, the Canadian dollar was at 76.01 U.S. cents, compared […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly higher at midday Wednesday, following a second night of frost across most of the Prairies. “The market is incorporating a risk premium due to the uncertainty of production,” stated a Winnipeg-based trader. He said canola that was already […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Wednesday morning, seeing some consolidation after Tuesday’s rally. Chart-based positioning was a feature after prices hit their highest levels in two years on Tuesday. Cold overnight temperatures and more frost in parts of the Prairies remained supportive. However, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Tuesday, as a weaker Canadian dollar and gains in Chicago soyoil provided support. A trader commented that overnight frosts across the Prairies didn’t cause severe damage to the region’s canola, as much has been swathed. He said […] Read more