By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Friday, hitting fresh three-month highs in the November contract as bullish technical signals underpinned the market and speculators continued to cover short positions. The November contract closed above the 200-day moving average on Thursday, and remained […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were either side of steady on Friday morning, searching for direction. The Chicago soy complex was gaining strength, while European rapeseed and Malaysian palm oil were down. The Canadian dollar was slightly lower at 73.63 U.S. cents, compared to Thursday’s […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, hitting fresh three-month highs as gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar provided support. Forecasts calling for hot and dry weather in the United States Midwest were behind some of the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, retesting chart resistance as uncertain North American weather forecasts provided support. “Traders are cautious because the weather maps are shifting every time a new map is released,” said a trader, noting that the latest calls for […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 9 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Thursday morning amid light volumes of trading. There was support coming from the Chicago soy complex, as well as Malaysian palm oil and European rapeseed. However, a slightly stronger Canadian dollar was tempering those gains. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The ICE Futures canola market was weaker on Wednesday, backing away from three-month highs after running into chart resistance. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the selling pressure in canola. The currency was […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday, retreating from earlier gains as activity in outside markets weighed on values. The most-active November contract touched a session high of C$482 per tonne at one point, but ran into resistance and failed to see any […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 8 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Wednesday morning retreating from the previous day’s highs. There was slight weakness in the Chicago soy complex and Malaysian palm oil was lower. European rapeseed was higher to provide some support. Rain is forecast to fall across […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, hitting its highest levels in three months as speculative short-covering provided support. In addition to the supportive technical signals, canola was also underpinned by gains in Chicago Board of Trade soyoil and a softer tone in the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at midday Tuesday, with a firmer tone in the most active months. Gains in Chicago Board of Trade soyoil and a slightly softer tone in the Canadian dollar provided some underlying support for canola, with crush margins showing […] Read more