By Glen Hallick, MarketsFarm WINNIPEG, July 7 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower on Tuesday morning. Due to resistance, the November contract has eased away from its psychological ceiling of C$480 per tonne. There’s weakness in Chicago soyoil, but strength in Malaysian palm oil. European rapeseed is up in the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, testing major chart resistance as speculators covered short positions. Solid gains in the Chicago Board of Trade soy complex provided spillover support for canola, as hot and dry weather across the Midwest sparked a rally in the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, as weather concerns across North America provided support. Chicago Board of Trade soybeans and soyoil were both posting solid gains on their first trading day back after the Independence Day long weekend, as hot and dry […] Read more

By MarketsFarm WINNIPEG, July 6 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – India has overtaken Russia with the third highest COVID-19 cases in the world. With 700,000 confirmed cases and nearly 20,000 deaths, India is now the third-worst in the world behind the United States […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, July 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Monday morning. Support was coming from gains in the Chicago soy complex along with European rapeseed. Meanwhile, Malaysian palm oil was slightly lower. After a weekend of turbulent weather, the forecast is calmer at the start of […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, July 3 – ICE Futures canola contracts were lower at midday Friday, pressured by low trading activity as many market participants took the day off for Independence Day. Relative strength in the Canadian dollar also kept a lid on canola. The dollar was around 73.6 United States cents at midday. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 3 (MarketsFarm) – The ICE Futures canola market was posting small losses Friday morning in very thin and choppy activity. Markets in the United States are closed for the Independence Day long weekend and the lack of direction from the Chicago Board of Trade kept Canadian traders to the […] Read more

By Marlo Glass, MarketFarm WINNIPEG, July 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were slightly stronger on Thursday, amid light trading activity. Canadian markets were closed yesterday for the Canada Day holiday. United States markets closed at noon today and will reopen on Monday. Slight losses in the Canadian dollar were supportive of […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, July 2 – ICE Futures canola contracts were higher at midday Thursday, amid light trading activity. Canadian markets were closed yesterday for the Canada Day holiday, and United States markets will close at noon today. Gains in Chicago’s soy complex were supportive of canola prices. Nearby soyoil contracts were up […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 2 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, taking some direction from the Chicago Board of Trade soy complex. While soybeans and soyoil were holding closer to unchanged in early activity, the futures had posted solid gains on Wednesday when the canola market was closed […] Read more