By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 6 (MarketsFarm) – ICE Futures canola contracts settled with small losses on Thursday, seeing some consolidation after recent gains. Ample supplies in the commercial pipeline and a lack of significant end user demand added to the softer tone, according to participants. However, canola remains attractively priced compared to other […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 6 (MarketsFarm) – ICE Futures canola contracts were posting small losses at midday Thursday, retreating from overnight gains. After moving higher for the previous three sessions, the corrective bounce off of contract lows was running into resistance. Ample supplies and a lack of significant end user demand also weighed […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly higher Thursday morning, as they continue to follow gains in Chicago soyoil, European rapeseed and Malaysian palm oil. One report stated canola’s bounce could end as quickly as it started, as prices are approaching resistance levels. Canada’s ambassador […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – ICE Futures canola contracts posted solid gains on Wednesday, recovering off of nearby lows for the third-straight session as speculators covered short positions in the oversold market. Gains in Chicago Board of Trade soyoil and a slightly softer tone in the Canadian dollar contributed to the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, as the market continued to correct off recent lows and speculators adjusted their positions. Gains in Chicago Board of Trade soyoil and a slightly softer tone in the Canadian dollar contributed to the strength in canola, as […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 5 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, following strong gains in Chicago soyoil, European rapeseed and Malaysian palm oil. Statistics Canada released its latest grain and oilseed stocks report this morning. As of Dec. 31, canola stocks stood at 14.27 million tonnes, which […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – ICE Futures canola contracts were stronger on Tuesday, seeing a continued correction off of recently hit lows with chart-based buying a feature. While traders remain cautious over the coronavirus outbreak in China, gains in the equity markets today were helping ease those concerns somewhat. Advances in […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, seeing a continued correction off of recently hit lows. While traders were still cautious over the coronavirus outbreak in China, gains in the equity markets were helping ease those concerns somewhat, according to a broker. Gains in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Tuesday morning, following gains in Chicago soyoil, European rapeseed and Malaysian palm oil. Canola exports to Europe have risen significantly this marketing year compared to 2018/19, according to Canadian Grain Commission data. While canola exports to China were […] Read more

By MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s Federal Court of Appeal will make a decision Tuesday on the fate of the Trans Mountain pipeline. Four British Columbia First Nations communities filed court challenges in the fall opposing the construction. […] Read more