By Glen Hallick, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Monday, benefitting from gains in the Chicago soy complex and European rapeseed. Of note, there was a jump of almost C$3 per tonne in the final minutes of today’s session. Support also came from a lack of farmer […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 3 (MarketsFarm) – ICE Futures canola contracts were stronger on Monday, getting support from the Chicago soy complex, according to a Winnipeg-based trader. However, gains were tempered by weaker prices for European rapeseed and Malaysian palm oil. The trade said there has been short covering on canola which has […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, March 2 (MarketsFarm) – The ICE Futures canola market started the week in the green, supported by strength in comparable vegetable oils and a tentative agreement between the Canadian government and Wet’suwet’en nation. After weeks of protests closed large sections of CN Rail’s railway networks, a tentative agreement between the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The ICE Futures canola market dropped to fresh contract lows in the most active contracts on Friday, but managed to settle with only small declines as traders squared positions ahead of the weekend. Continued weakness in the global financial and energy markets over coronavirus fears remained […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – The ICE Futures canola market was down sharply in most months at midday Friday, setting fresh contract lows as a general selloff in the global equity and commodity markets weighed on values. Only the lightly traded nearby March contract was up on the day, as participants […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 28 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Friday morning, as fears over the coronavirus have kept a tight squeeze on the markets. Exacerbating those fears were the first cases of COVID-19 being reported in Nigeria, and that the number of new cases in South […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Thursday, closing with small gains in most months. Only the nearby March contract ended lower, as traders exited positions in the front month ahead of its expiry. Global equity markets continued to move lower […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged Thursday morning, with the bias turning to the upside by midsession. Oversold price sentiment and speculative positioning ahead of the month-end provided some support, as canola managed to recover after touching fresh contract lows […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 27 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were largely steady on Thursday morning, following a drop in the Canadian dollar. After several days of holding firm, the loonie dropped by more than a half cent this morning at 74.79 U.S. cents. Meanwhile, declines in Chicago soyoil, Malaysian […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 26 (MarketsFarm) – The ICE Futures canola market held onto small gains on Wednesday after trading to both sides of unchanged, seeing some consolidation after hitting contract lows on Tuesday. Canola was thought to be looking oversold and due for a correction from a chart-standpoint, which accounted for some […] Read more