By Marlo Glass, MarketsFarm WINNIPEG, Jan. 31 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, weighed down by continual selloffs. Financial markets remain jittery due to the rapidly spreading coronavirus sparking concerns of a slowdown in the global economy. Flagging soyoil on the Chicago Board of Trade also kept pressure on […] Read more
Canola prices sink lower at midday
ICE canola continues lower
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 31 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, seeing a continuation of the selling pressure that has weighed on values all week. Bearish chart signals had speculators on the sell side of the market as prices traded only slightly above contract lows. Ongoing concerns over […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended lower on Thursday, breaking through past support to the downside. The World Health Organization has declared the coronavirus outbreak in China to be an international public health emergency. The rapidly-spreading virus has spooked financial markets. The skittish mood has […] Read more
Canola prices down at midday Thursday
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, feeling the weight of selloffs in financial markets spurred by prolonged concerns of China’s coronavirus. Flagging soyoil on the Chicago Board of Trade also kept pressure on canola prices. Earlier in the week, prices hit “a […] Read more
ICE canola down amid broad selling pressure
By MarketsFarm WINNIPEG, Jan. 30 (MarketsFarm) – The ICE Futures canola market was weaker Thursday morning, as bearish technical signals and weakness in outside vegetable oil markets weighed on values. Malaysian palm oil was down overnight, while Chicago Board of Trade soyoil was posting losses of more than half-a-cent per pound in early activity. Heightened […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended steady to lower on Wednesday, retreating from gains earlier in the trading session. Rebounding prices for Malaysian palm oil and soyoil on the Chicago Board of Trade provided some support to canola values. Relative weakness to the Canadian dollar […] Read more
Canola prices gain strength at midday Wednesday
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, continuing pricing trends set in the previous day’s trade. Rebounding soyoil on the Chicago Board of Trade provided support to canola prices, along with Malaysian palm oil prices recovering from sharp selloffs earlier in the week. […] Read more
ICE canola correcting higher
By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying on Tuesday’s recovery off of nearby lows. After dropping sharply for three-straight sessions, canola finally uncovered some support on Tuesday and bounced off of its lowest levels since September. The correction was constructive from a […] Read more
ICE canola correcting higher
By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying on Tuesday’s recovery off of nearby lows. After dropping sharply for three-straight sessions, canola finally uncovered some support on Tuesday and bounced off of its lowest levels since September. The correction was constructive from a […] Read more
ICE canola correcting higher
By MarketsFarm WINNIPEG, Jan. 29 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, seeing some follow-through buying on Tuesday’s recovery off of nearby lows. After dropping sharply for three-straight sessions, canola finally uncovered some support on Tuesday and bounced off of its lowest levels since September. The correction was constructive from a […] Read more