By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 13 (MarketsFarm) – The ICE Futures canola market was holding onto small gains Friday morning, although activity was thin and choppy as the market took a bit of a breather after Thursday’s sharp declines. Chicago Board of Trade soybeans and soyoil were also firmer in early trade, providing some […] Read more
ICE canola correcting higher early Friday
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Wednesday, erasing modest gains made earlier in the week. Significant uncertainty posed by the COVID-19 coronavirus and its subsequent impact on global markets has sidelined many market participants. Spreading has been lighter than usual due […] Read more
Canola prices take a downturn at midday
By Marlo Glass, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – The ICE Futures canola market walked back gains made earlier in the week, as global financial markets have been thrown into turmoil. Significant uncertainty posed by the COVID-19 coronavirus and its subsequent impact on global markets has sidelined many market participants. Trade activity has been lighter […] Read more
ICE canola futures: COVID-19, crude price war pulling down prices
Sharp losses for Chicago soyoil
By Glen Hallick, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Thursday morning, as the COVID-19 coronavirus and dropping crude oil prices have kept a tight squeeze on the markets. On Wednesday, United States President Donald Trump imposed strict travel restrictions from Europe for the next 30 days […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Monday, as trading activity was muted due to continued uncertainty in financial markets. Canadian Prime Minister Justin Trudeau has pledged C$1 billion in response to the COVID-19 coronavirus. C$500 million will go to provinces and […] Read more
Canola prices in the green at midday
By Marlo Glass, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – The ICE Futures canola market showed strength at midday on Wednesday, continuing the previous day’s pricing trends. Trading activity has been relatively subdued due to considerable uncertainty posed by plummeting crude oil prices. However, one Winnipeg-based trader said commodity markets have “stabilized” after significant losses incurred […] Read more
ICE canola slightly firmer Thursday morning
WINNIPEG – The ICE Futures canola market was posting small gains in the most active contracts Wednesday morning, recovering from overnight losses. Early strength in Chicago Board of Trade soybeans and general weakness in the Canadian dollar contributed to the gains in canola. Supportive chart signals also underpinned canola, as the market held above its […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, recovering significant losses incurred on Monday. After oil prices plummeted by 30 per cent on Monday, world leaders are planning to announce new economic growth policies. United States President Donald Trump has mentioned “major steps” to […] Read more
Canola prices rebound at midday
By Marlo Glass, MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market showed strength at midday on Tuesday, as financial markets recovered due to world leaders promising to protect and stimulate economic growth. The Canadian dollar dipped below 73 U.S. cents on Tuesday for the first time in several years, which is partially […] Read more
ICE canola correcting higher Tuesday morning
By MarketsFarm WINNIPEG, March 10 (MarketsFarm) – The ICE Futures canola market was holding small gains Tuesday morning, seeing a modest correction after Monday’s sharp declines. Most other outside markets, including crude oil and Chicago Board of Trade soyoil, were also correcting higher to start the day. Supportive chart signals added to the firmer tone […] Read more