By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – ICE Futures canola contracts were lower on Thursday primarily due to declines in the Chicago soy complex, said a Winnipeg-based trader. He said the recent rally in soyoil ended much sooner than what the market expected and prices didn’t rise as much as hoped. “The energy […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Thursday morning, taking direction from comparable vegetable oils. Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade all started the day on the defensive. Even though the Canadian and United States governments are […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Wednesday, after trading most of the session on either side of steady. While Chicago soyoil managed to finish a little higher today, soymeal was down sharply and weighed on values. Gains in European rapeseed and Malaysian palm […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 25 (MarketsFarm) – ICE Futures canola contracts were steady to lower on Wednesday in looking for direction. “There’s more movement than yesterday,” a Winnipeg-based trader quipped, noting that May canola seems to have a lid on it when it gets close to C$470 per tonne. “It just doesn’t want […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger on Wednesday morning, gleaning spillover support from comparable vegetable oils. Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade are all stronger today. Financial markets and crude oil have also gained strength, though concerns […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady on Tuesday, as no one wanted to aggressively push the market either way, according to a Winnipeg-based trader. While canola received support from strong gains in Chicago soyoil, lower soymeal and significantly reduced increases for soybeans weighed on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 24 (MarketsFarm) – ICE Futures canola contracts were steady on Tuesday, as trading is expected to remain choppy for the rest of the session, said a Winnipeg-based trader. “It feels like we’ve entered a bit of a lull. The mid-session lull has arrived a little early,” he commented, adding […] Read more

By MarketsFarm WINNIPEG, March 24 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – There will very likely be a second wave of COVID-19 cases when social distancing measures are lifted, Dr. Isaac Bogoch of the Toronto General Hospital Research Institute told the CBC. Bogoch acknowledged social […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were on either side of unchanged on Tuesday morning, with nearby contracts trending higher amid light trading volumes. Relative strength in Chicago soyoil was supportive of canola values. One private advisor has reduced Brazilian soy production to total 122 million […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Monday, due to gains in the Chicago soy complex and a weaker Canadian dollar. The soy complex saw good gains in beans, oil and meal as shipping delays in China and South America pushed up prices. By […] Read more