By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, as rally in the Chicago Board of Trade soy complex provided support. CBOT soybeans were up by about 15 U.S. cents per bushel in the most active July contract, boosted by solid export demand, while soyoil […] Read more
ICE canola rises with soy complex at midday Thursday
ICE canola futures: Choppy trading sees prices fluctuate
By Glen Hallick, MarketsFarm WINNIPEG, April 30 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading either side of steady on Thursday morning. Declines were due to increases in the Canadian dollar, which was at 71.96 U.S. cents, compared to Wednesday’s close of 71.83. The dollar has been on the upswing this week on […] Read more
North American Grain/Oilseed Review: Canola higher in the most active months
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The ICE Futures canola market settled with small gains in the most active months on Wednesday, with speculative positioning a feature. Gains in Chicago Board of Trade soyoil provided some spillover support, while solid demand from domestic crushers also underpinned the futures. However, old crop supplies […] Read more
ICE canola firm with soyoil at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday Wednesday, with gains in the outside energy and vegetable oil markets behind some of the spillover buying interest. Wet field conditions in parts of Western Canada added to the firmer tone, with seeding delays possible in […] Read more
ICE canola futures: Most active months see morning gains
Support from soybeans, rapeseed
By Glen Hallick, MarketsFarm WINNIPEG, April 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Wednesday morning in the most active months. The nearby May contract was lower as traders exited the thinly traded contract ahead of its expiry. Canola was getting support from Chicago soyoil and European rapeseed. Malaysian palm oil […] Read more
North American Grain/Oilseed Review: Canola ends steady to higher
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The ICE Futures canola bounced around both sides of unchanged on Tuesday, with sharp gains in the nearby May contract ahead of its expiry and a steadier tone in the more deferred positions. Solid end user demand and spillover from Chicago soyoil provided underlying support. Concerns […] Read more
ICE canola narrowly mixed at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The ICE Futures canola market was holding steady in the most active months at midday Tuesday, as solid demand and spillover from Chicago Board of Trade soyoil provided underlying support. Concerns that wet fields may push back spring seeding in many areas of Western Canada added […] Read more
North American Grain/Oilseed Review: Canola ends up after choppy day
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Monday, with the bias higher at the close as participants adjusted positions ahead of the month-end. Speculative positioning accounted for much of the activity, as the canola market held above major chart support. A […] Read more
ICE canola posting small gains at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The ICE Futures canola market was posting small gains at midday Monday in choppy activity. Speculative short-covering ahead of the month-end accounted for some of the buying interest, as the canola market held above major chart support. A slowdown in farmer selling also helped underpin the […] Read more
ICE canola futures: Trading either side of steady to start week
More fieldwork with warmer temps
By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mixed on Monday morning, due to weaker vegetable oils and traders rolling out of the May contract. Chicago soyoil was slightly lower as was Malaysian palm oil. European rapeseed incurred larger losses. With daytime temperatures reaching into the mid-teens, […] Read more