By Marlo Glass, MarketFarm WINNIPEG, Aug. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, reacting to comparable weakness in the Canadian dollar. The loonie has been hovering around 76 United States cents for most of the week due to losses in the U.S. dollar index. However, today the dollar lost […] Read more
North American Grain/Oilseed Review
ICE Canola Midday: Prices steady midday Friday
By Marlo Glass, MarketsFarm WINNIPEG, Aug. 21 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday, appearing to recover slightly from losses incurred during the prior trading session. The Canadian dollar was slightly weaker at midday, which was supportive of canola prices. The dollar was around 75.7 United States cents at […] Read more
ICE Canada Morning Comment: Loonie slips, canola rises
Some canola harvesting in Saskatchewan
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 21 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were either side of steady on Friday morning, getting support from a slightly lower Canadian dollar. The Canadian dollar was at 75.63 U.S. cents, compared to Thursday’s close of 75.79. There was also support from European rapeseed and Malaysian palm […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Wednesday, buckling under a strong Canadian dollar and losses in Chicago soyoil. The loonie has been hovering around 76 United States cents for most of the week, reacting to weakness in the U.S. dollar. A strong Canadian […] Read more
ICE Canola Midday: Prices weaker midday Thursday
By Marlo Glass, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – ICE Futures canola contracts were weaker on Wednesday, walking back on gains made earlier in the week. Chicago soyoil was weaker at midday following the weekly export sales from the United States Department of Agriculture (USDA), which showed no soyoil sales were made last week. The […] Read more
ICE Canada Morning Comment: Soyoil pushes canola lower
No support from weaker loonie
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 20 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Thursday morning, due to weakness in Chicago soyoil, which was down by approximately a third of a cent. European rapeseed was steady to lower, and there were gains in Malaysian palm oil. The Canadian dollar was lower […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Wednesday, despite continued strength in the Canadian dollar. The loonie was over 76 United States cents, reacting to weakness in the U.S. dollar. The strong dollar has kept pressure on canola prices as it makes canola exports […] Read more
ICE Canola Midday: Prices stronger midday Wednesday
By Marlo Glass, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday. Hot weather is forecast across most of the Canadian Prairies this week. With harvest activity a few weeks away in most areas, one Winnipeg-based trader believed the hot conditions to be introducing a weather premium into prices. […] Read more
ICE Canada Morning Comment: Bean oil, palm oil providing support
Loonie hovering around 76 U.S. cents
By Glen Hallick, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Wednesday morning, getting support from stronger Chicago soyoil and Malaysian palm oil. Meanwhile, lower European rapeseed weighed on values. The Canadian dollar was relatively firm this morning, at 76.01 U.S. cents, compared to Tuesday’s close […] Read more
North American Grain/Oilseed Review
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, getting support from Chicago soyoil but battling continued strength in the Canadian dollar. Hot weather is forecast across most of the Canadian Prairies this week, which bodes well for the looming harvest. Isolated instances of storms are forecast in the eastern Prairies later […] Read more