By Glen Hallick, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, due to sharp declines in Chicago soyoil. A trader explained that soyoil is vulnerable to changes in the stock markets and in crude oil prices. Pushed by fears over the coronavirus, the North American stocks were […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – ICE Futures canola contracts were weaker on Friday due to sharp declines in Chicago soyoil. A Winnipeg-based trader explained soyoil is quite sensitive to changes in the stock markets and the price of crude oil. This morning the major North American stock markets were down 1.5 […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, after three days of gains as Chicago soyoil and European rapeseed weighed on values. Malaysian palm oil was higher today and provided support, as did a lower Canadian dollar. By mid-afternoon Thursday, the loonie slipped to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – ICE Futures canola contracts were lower on Thursday due to weakness in Chicago soyoil and European rapeseed. Fears over the COVID-19 coronavirus severely eroding demand also had the stock markets down, commented a Winnipeg-based trader. A lack of China buying soybeans and other agricultural goods from […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The ICE Futures canola market was lower at the start of Thursday’s trading session, hitting chart resistance after posting gains for three consecutive days. According to one private company, canola has not matched gains in comparable vegetable oils recently, which mean it’s competitively priced. A lower […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Wednesday, due to gains in Chicago soyoil and Malaysian palm oil. However, lower European rapeseed weighed on values. Despite the Bank of Canada cutting its key interest rate by a half-point today, an analyst said […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – ICE Futures canola contracts were higher on Wednesday as the markets are becoming more volatile due to the COVID-19 coronavirus outbreak, according to a Winnipeg-based analyst. Although the Bank of Canada cut its key interest rate by a half-point to 1.25 per cent this morning, the […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The ICE Futures canola market was on either side of unchanged at the start of Wednesday’s trading session. Yesterday, the United States Federal Reserve cut interest rates by 0.5 per cent. The Bank of Canada is expected to follow suit today, which will likely provide a […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts higher Tuesday, building on gains made Monday, albeit at a slower pace. Chicago soyoil and European rapeseed were higher today, while Malaysian palm oil was flat. The gains in the North American commodities came as the United States Federal Reserve […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – ICE Futures canola contracts were higher on Tuesday, continuing the rebound that began yesterday, albeit at a slower pace. “The markets would like to be looking ahead to spring, but unfortunately the stock markets and the coronavirus are still dominating for now. That’s keeping any rebound […] Read more