By Marlo Glass, MarketFarm WINNIPEG, June 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts varied widely at Tuesday’s close, with losses in the July contracts attributed to positioning ahead of the contract’s expiry date. Strength in the Canadian dollar kept a lid on gains for canola values. The loonie was around 73.5 United States […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, June 30 – ICE Futures canola contracts were mixed at midday Tuesday, ahead of the seeded acreage report from the United States Department of Agriculture (USDA) released at 11:00 CDT. Weakness in the July contract was attributed to low trading activity as the contract nears its expiry date. Slight losses […] Read more

By MarketsFarm WINNIPEG, June 30 (MarketsFarm) – The Canadian dollar held steady on Tuesday morning, despite pressure from crude oil values.      At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7313 or US$1=C$1.3674, which compares with Monday’s North American close of US$0.7309 or US$1=C$1.3682. Crude oil prices were lower due to pessimism regarding […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 30 (MarketsFarm) – The ICE Futures canola market was posting small gains Tuesday morning in quiet trade. Positioning ahead of acreage estimates from the United States Department of Agriculture out at 11:00 CDT accounted for some of the activity. Any surprises in the USDA acreage and stocks numbers should […] Read more

By Marlo Glass, MarketFarm WINNIPEG, June 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher at Monday’s close, after trading lower for most of the past week. Statistics Canada estimated 20.7 million canola acres were planted in 2020, which was on the higher end of trade expectations but lower than the 20.956 million […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, June 29 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, starting the week on a positive tone after marginal weakness last week. Statistics Canada released a principal crops acreage estimate this morning, pegging 2020 canola area at 20.78 million acres. That was on the higher end of […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 29 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, posting solid gains to start the week after trending lower the previous five sessions. The gains came despite a softer tone in the Chicago Board of Trade soy complex and a steady reading for the Canadian dollar. […] Read more

By Marlo Glass, MarketFarm WINNIPEG, June 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower at Friday’s close, after trading choppily for most of the day. Statistics Canada will release their principal field crop acreage estimates on Monday. Traders expect canola area will be revised downward from March’s estimate of 20.615 million acres. […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, June 26 – ICE Futures canola contracts were mostly stronger at midday Friday, bouncing back slightly from losses incurred earlier in the week. Weakness in the Canadian dollar supported canola prices. The dollar was under 73 United States cents at midday, which is around a 10-day low. Losses in Chicago’s […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The ICE Futures canola market was mostly higher Friday morning, although activity was thin and choppy ahead of the weekend. Statistics Canada releases updated acreage estimates on Monday, June 29, and pre-report positioning accounted for some of the activity. Traders generally expect canola area will come […] Read more