By Glen Hallick, MarketsFarm WINNIPEG, July 16 (MarketsFarm) – ICE Futures canola contracts were higher at midday Thursday due to strength in the Chicago Board of Trade soy complex. A Winnipeg-based trader said the complex was higher because of the large purchase of soybeans China made earlier today. “Most of it is new crop, which […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, July 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger in early morning trading. Strength tone in comparable vegetable oils kept pressure on canola prices. The Chicago soy complex was stronger following the weekly export inspections report from the United States Department of Agriculture (USDA). Relative strength […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, due to a stronger Canadian dollar and poor demand. By mid-afternoon the Canadian dollar was at 74.03 U.S. cents, compared to Tuesday’s close of 73.44. An analyst said that’s largely due to weakness in the United […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – ICE Futures canola contracts were lower at midday Wednesday due to a lack of demand from exporters and crushers, according to a Winnipeg-based trader. A Calgary-based analyst said the sharp rise Canadian dollar also weighed on values. The loonie was stronger at 73.94 U.S cents compared […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, July 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger in early morning trading. Gains in comparable vegetable oils were supportive of canola prices. The Chicago soy complex was stronger following reports of slight decreases to crop conditions and dry weather in some regions. Relative strength in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, recouping nearly all of yesterday’s losses. There was support from the Chicago soy complex, as well as Malaysian palm oil. European rapeseed was largely steady. By mid-afternoon the Canadian dollar was lower at 73.45 U.S. cents, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 14 (MarketsFarm) – ICE Futures canola contracts were getting a bounce on Tuesday after losses the previous day as product values improved. “Everything was working against [canola] yesterday, but it managed to hold. The product values were down $8 or $9, the dollar was up, the oil was down […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, due to declines in the Chicago soy complex. There were also losses in European rapeseed, but small gains for Malaysian palm oil. Rain over much of the Prairies on the weekend helped to alleviate dry conditions […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 13 (MarketsFarm) – ICE Futures canola contracts were lower at midday Monday largely due to weakness in the Chicago soy complex, according to a Winnipeg-based trader. Chicago Board of Trade soybeans were in double-digit losses, with soyoil down about a quarter of a cent and soymeal incurring sharp losses. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, retreating from earlier gains as a downturn in the Chicago Board of Trade soy complex spilled over to weigh on values. Canola had started the day posting solid gains, hitting fresh three-month highs on the back of […] Read more