By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, as sharp drops in Chicago soyoil and soymeal weighed on values. There was some support from the spread trade, according to a trader. The weather on the Prairies is expected to improve this week, with slowly […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – ICE Futures canola contracts were lower on Monday, pushed lower by sharp declines in Chicago soyoil. However, a Winnipeg-based trader noted that canola has been holding up well when product values already dropped $9 to $10. He said there is some support that has come from […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, April 13 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Monday morning, due to a weaker tone in soybeans on the Chicago Board of Trade. Due to the COVID-19 pandemic, a pork processing plant in South Dakota is shuttering. The plant is estimated to process approximately five […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The ICE Futures canola market settled steady to higher on Thursday, with speculative positioning ahead of the long weekend a feature. Grain markets will be closed on April 10 for Good Friday. A firmer tone in Chicago Board of Trade soyoil and the outside energy markets […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, with intermonth spreading a feature as speculators rolled their positions out of the nearby May contract. Fund short covering accounted for much of the buying interest in canola, according to a broker. He said firmer tone […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 9 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, as traders have been rolling out of their May contracts. Chicago soyoil, European rapeseed and Malaysian palm oil were providing support. The Canadian dollar was higher this morning at 71.56 U.S. cents, compared to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market settled mixed on Wednesday, with gains in the front months and losses in the more deferred positions. Intermonth spreading was a feature as speculators were rolling positions out of the nearby May contract. Losses in Chicago Board of Trade soyoil put […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – The ICE Futures canola market was slightly weaker at midday Wednesday, taking some direction from Chicago Board of Trade soyoil. After posting gains for the previous four sessions, soyoil ran into chart resistance and the downturn in that market also weighed on canola, according to traders. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, April 8 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower Wednesday morning, along with Chicago soyoil. On Monday and Tuesday, canola pushed toward its highs only to meet resistance and then retreated before the end of the session. The COVID-19 pandemic remains a bearish influence on all […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 7 (MarketsFarm) – The ICE Futures canola market retreated from early gains to settle with small losses on Tuesday, after running into chart resistance. Early strength in Chicago Board of Trade soyoil provided some spillover support for canola, but soymeal was lower and soybeans settled near unchanged. The Canadian […] Read more