By Glen Hallick, MarketsFarm WINNIPEG, March 23 (MarketsFarm) – ICE Futures canola contracts were stronger on Monday, benefitting from gains in the Chicago soy complex, according to a Winnipeg-based trader. He noted that soymeal prices, which are usually a minor factor, “are contributing a few dollars support to canola.” Product values have skyrocketed as well, […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 23 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher on Monday morning, led by strength in Chicago soyoil and European rapeseed. The COVID-19 pandemic may disrupt soy shipments out of South America, which supported Chicago soybeans. The Canadian dollar remained below 70 U.S. cents, giving canola values […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Friday, finishing with small losses in the most active months as the bearish influence of the rising Canadian dollar more than offset any spillover support from soybeans. Gains in Chicago Board of Trade soybeans […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as the market continued to correct off of the contract lows hit to start the week. Gains in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, with speculative positioning ahead of the […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly higher Friday morning, getting support from increases in Chicago soyoil and European rapeseed. Although the Canadian has moved above 70 U.S. cents, it’s still low enough to provide support to canola values. The loonie was at 70.17, compared […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The ICE Futures canola market was stronger for the third-straight session on Thursday, as world equity and energy markets saw a modest correction amid the ongoing COVID-19 pandemic. Gains in the Chicago Board of Trade soy complex also provided spillover support, although activity was choppy in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, taking some direction from the Chicago Board of Trade soy complex. Soybeans, soyoil, and soymeal were all up sharply, although activity was volatile as world markets continue to react to the ongoing COVID-19 pandemic. Recent weakness […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Thursday morning, due to the Canadian dollar remaining under 70 United States cents. The Canadian dollar was slightly higher at 69.17 U.S. cents, compared to Wednesday’s close of 68.98. Also, there was support from stronger values for Chicago […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, as a sharp drop in the Canadian dollar provided support and COVID-19 concerns led to volatility in the global markets. The Canadian dollar lost nearly two cents relative to its United States counterpart, moving below 69 U.S. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, with sharp weakness in the Canadian dollar behind much of the gains. The currency was down by about 1.5 cents relative to its United States counterpart, moving below 69 U.S. cents. The declining currency helps underpin […] Read more