By Marlo Glass, MarketsFarm WINNIPEG, April 20 – ICE Futures canola contracts were lower at midday Monday, amid choppy trade activity. One Winnipeg-based trader said there wasn’t a lot of news to influence canola prices this morning. However, a lower tone for soymeal and oil on the Chicago Board of Trade have weighed on canola […] Read more
ICE Canola Midday: Prices lower at midday
ICE canola mixed in choppy trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 20 (MarketsFarm) – The ICE Futures canola market was bouncing around both sides of unchanged early Monday, lacking any clear direction in thin and choppy trade. Losses in Chicago Board of Trade soybeans and soyoil put some early pressure on canola, with general weakness in the outside financial and […] Read more
North American Grain and Oilseed Review: Rise in loonie pushes down canola
Wheat, corn up, beans down
By Glen Hallick, MarketsFarm WINNIPEG, April 17 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday as gains the in the Canadian dollar weighed on values. The losses were tempered by support from traders rolling out of the May contract. The loonie was at 71.24 U.S. cents at mid-afternoon, compared to Thursday’s […] Read more
ICE Canola Midday: Movement out of May providing support
Farmer deliveries, domestic use up
By Glen Hallick, MarketsFarm WINNIPEG, April 17 (MarketsFarm) – ICE Futures canola contracts were slightly higher on Friday as traders were rolling out of the May contract. “We’re continuing to see liquidation in the May contract keeping things a little firm,” a Winnipeg based-trader commented, adding there was good news from the Canadian Grain Commission […] Read more
ICE canola futures: canola stronger Friday
By Marlo Glass, MarketsFarm WINNIPEG, April 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Friday morning, bouncing back from losses incurred yesterday. Strength in Chicago soyoil contributed to gains for canola. Nearby contracts were up by about a tenth of a cent. Relative strength to the Canadian dollar kept a lid […] Read more
North American Grain and Oilseed Review: Chicago soyoil pushes front months down
Wheat, soybeans down, corn steady
By Glen Hallick, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday in the front months, and steady to higher in the deferred months. Declines in Chicago soyoil weighed on values, while support came from a slightly weaker Canadian dollar. The loonie was at 70.83 U.S. cents at […] Read more
ICE Canola Midday: Prices back off from gains as soyoil sluggish
Combining, planting canola on Prairies
By Glen Hallick, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – ICE Futures canola contracts were slightly lower on Thursday. Prices were backing off from yesterday’s gains due to sluggishness in Chicago soyoil, according to a Winnipeg-based trader. Those losses were tempered by a weaker Canadian dollar at midday. The loonie was down three-tenths of a cent […] Read more
ICE canola futures: canola weaker Thursday
By Marlo Glass, MarketsFarm WINNIPEG, April 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Thursday morning, taking back some gains incurred yesterday. Relative strength to the Canadian dollar kept pressure on canola values. The Canadian dollar was around 71 U.S. cents on Thursday morning. Losses in Chicago soyoil contributed to the […] Read more
North American Grain and Oilseed Review: Canola rises as loonie falls
Weak crude prices keep commodities lower
By Glen Hallick, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Wednesday, as the Canadian dollar lost ground. The loonie was at 71.04 U.S. cents, compared to Tuesday’s close of 71.92. Declines in the North American stock markets, and the inability of crude oil prices to gain upward […] Read more
ICE Canola Midday: Weaker loonie providing strength
Canadian dollar drops about a penny
By Glen Hallick, MarketsFarm WINNIPEG, April 15 (MarketsFarm) – ICE Futures canola contracts were higher on Wednesday as the Canadian dollar was down about a penny, said a Winnipeg-based analyst. “That’s despite pretty much all other grains being down,” he commented, noting canola had been near the low end of its range. The Canadian dollar […] Read more