By Marlo Glass, MarketFarm WINNIPEG, March 31 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mixed on Tuesday, with strength in nearby contracts due to short covering. Earlier in the day, rumours swirled regarding China increasing its Canadian canola imports. However, the Western Producer confirmed that China will continue to block shipments from Richardson […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 31 – ICE Futures canola contracts were higher at midday Tuesday, boosted by an announcement that China will resume importing Canadian canola. However, one Winnipeg-based trader cautioned that the fresh news is “short in details” at this point. The trader also believed the recent rally in canola prices before […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 31 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning amid reports that China agreed to remove restrictions that had severely curtailed Canadian canola imports. The two countries reportedly reached a deal overnight, potentially ending a dispute that goes back to December 2018. Weakness in the Canadian […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 30 – ICE Futures canola contracts were higher at midday Monday, due to strength in comparable vegetable oils and comparable weakness in the Canadian dollar. One Winnipeg-based trader said “everything is working for canola today.” In particular, prices were well-supported by the weaker Canadian dollar. “But everything is very […] Read more

By MarketsFarm WINNIPEG, March 30 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, as gains in the Chicago Board of Trade soy complex and weakness in the Canadian dollar provided support. A slowdown in soybean exports out of South America, due to logistical issues tied to the COVID-19 pandemic, accounted for some […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, due to gains in Chicago soyoil and European rapeseed. Malaysian palm oil remained lower. Although farmer deliveries of canola were down for the week ended March 22, they remained strong. The Canadian Grain Commission […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were steady to higher on Friday, getting support from Chicago soyoil, said a Winnipeg-based trader. There was also support from European rapeseed, but Malaysian palm oil was slightly lower. The trader noted that farmer deliveries remained strong, although slightly down from the […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly stronger on Friday morning, taking direction from Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade. Due to the COVID-19 pandemic, Argentina has slowed vessel transit, including soybean shipments. That has provided support to […] Read more

By MarketsFarm WINNIPEG, March 26 (MarketsFarm) – The Canadian dollar was stronger by over a cent on Thursday. The dollar finished the day at US$0.7104 or US$1=C$1.4077, compared to Wednesday when it closed at US$0.6992 or US$1=C$1.4302. The Canadian government says it is asking banks and credit card companies to lower interest rates in light […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, as Chicago soyoil remained lower. A trader said soyoil remains down, despite recovering from larger losses today, as the rebound in energy prices has been slower than expected. There was support from increases in European rapeseed […] Read more