By Glen Hallick, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Wednesday, due to the rise in the Canadian dollar. By mid-afternoon the loonie was at 75.30 U.S. cents, compared to Tuesday’s close of 74.78. A Calgary-based analyst explained the increase in the loonie is a result […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – ICE Futures canola contracts were lower at midday Wednesday, due to the growing strength in the Canadian dollar, said a Winnipeg-based trader. The Canadian dollar was higher at 75.54 U.S. cents, compared to Tuesday’s close of 74.78. “It’s kind of a currency play here today, where […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 5 (MarketsFarm) – The ICE Futures canola market was mostly lower Wednesday morning, with strength in the Canadian dollar behind some of the selling pressure. The currency was up sharply relative to its United States counterpart, hitting its strongest levels in five months. The stronger Canadian dollar cuts into […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Tuesday after first day of the 2020/21 marketing year for canola and several other Canadian crops. The November contract was slightly lower and there was a firmer tone in the more deferred positions. Coming off of the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – ICE Futures canola contracts were mixed at midday Tuesday, after playing catch up with yesterday’s gains in the Chicago soy complex on the first day of the 2020/21 crop year for most Canadian crops. “It’s just a rebalancing from yesterday as product values were up about […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 4 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, playing ‘catch-up’ with the Chicago Board of Trade soy complex. Soybeans and soyoil posted solid gains on Monday when the canola market was closed for a long weekend. Soyoil remained firm on Tuesday, hitting fresh five-month highs. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, testing fresh six-month highs once again as speculative traders remained on the buy side. Gains in Chicago soyoil and solid export demand also provided some support. However, resistance held to the upside, with the November contract unable […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, as a rally in Chicago Board of Trade soyoil provided spillover support. Speculative fund buying added to the gains, as canola retested its nearby highs. However, resistance was holding to the upside, with the November contract […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning, bouncing back from losses incurred yesterday. Strength in Chicago soyoil was a supportive factor for canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, backing away from nearby highs as speculators took profits and the recent strength encouraged some farmer selling. The November contract had hit a fresh six-month high of C$493.70 in early trade, before retreating to end at C$490.10 […] Read more