By Marlo Glass, MarketsFarm WINNIPEG, June 1 – ICE Futures canola contracts were lower on Monday, due to strength in the Canadian dollar. The Canadian dollar was stronger by over eight tenths of a cent at midday due to comparable weakness in the United States dollar. Trade tensions between the U.S. and China ramped up, […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was mostly lower Monday morning, although activity was thin and choppy. After posting gains for most of the overnight session, canola drifted lower in the most active front months. A firm tone in the Canadian dollar, relatively favourable Prairie seeding weather, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts traded either side of steady on Thursday, as a lower Canadian dollar was balanced off by little direction from edible oils. The Canadian dollar was 72.55 U.S. cents at mid-afternoon compared to Thursday’s close of 72.65. Chicago soyoil was virtually […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday as the Canadian dollar retreats. A Winnipeg-based trader said the United States dollar is regaining lost strength, which is pushing down the loonie. The Canadian dollar was lower at 72.40 U.S. cents compared to Thursday’s […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning, recovering slightly from losses incurred earlier in the week. According to Saskatchewan’s most recent crop report, seeding in the province is 80 per cent complete. That’s behind the average pace of 92 per […] Read more

By Marlo Glass, MarketFarm WINNIPEG, May 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, due to a lack of supportive news from outside markets. After a British Columbian judge ruled the extradition case against Huawei executive Meng Wanzhou could continue, China accused Canada of acting as an “accomplice” to the […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, May 28 – ICE Futures canola contracts were lower on Thursday due to a lack of supportive influences. After a British Columbian judge ruled the extradition case against Huawei executive Meng Wanzhou could continue, China has accused Canada of acting as an “accomplice” to the United States, according to Chinese […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 28 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were lower on Thursday morning following yesterday’s ruling on the extradition of Huawei executive Meng Wanzhou. A British Columbia judge ruled on Wednesday that Meng stands accused of fraud and that meets the double criminality requirement in an extradition. China […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed on Wednesday, with the July contract lower and the new crop months with reduced gains. All contracts were higher until the ruling on the extradition of Huawei executive Meng Wanzhou. Associate Chief Justice Heather Holmes, of the British […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 27 (MarketsFarm) – ICE Futures canola contracts were higher at midday Wednesday benefitting from gains in Chicago soyoil. Also, a Winnipeg-based trader commented that the old crop/new crop spread, “has been pushed back out to more normal.” The Canadian dollar was relatively steady at 72.51 U.S. cents compared to […] Read more