By Marlo Glass, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Tuesday, recovering slightly after sharp losses incurred yesterday. One trader noted that spreading activity indicated that there is a large amount of canola in the system, with the widening July/November suggesting that there will be high carryout […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, continuing pricing trends set yesterday. However, prices were holding above intersession lows from Monday. Rebounding soyoil on the Chicago Board of Trade provided some support to canola prices, though one trader remarked that prices remained “heavy.” […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, seeing some follow-through selling after Monday’s sharp declines. Ongoing uncertainty over the coronavirus and its possible impact on the global economy remained a bearish influence in the background, according to participants. Large losses in Malaysian palm oil […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, as the outbreak of a coronavirus in China hampered financial markets by calling future demand needs into question. The trader noted that although canola values dropped significantly, canola is doing rather well compared to United States […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The ICE Futures canola market was weaker at midday Monday, as financial markets remained spooked by the outbreak of a coronavirus in China. One trader explained that markets have always been uncertain as to “when and how many” soybeans China would buy. The coronavirus outbreak has […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 27 (MarketsFarm) – The ICE Futures canola market was down sharply Monday morning, falling in sympathy with outside equity and commodity markets amid mounting concerns over the spreading coronavirus and a possible global economic slowdown. A rocket attack on the United States embassy in Bagdad added to the general […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Friday, as declines in other vegetable oils continued to weigh on values. A trader said there was profit-taking in Chicago soyoil. Also, reports stated the lack of Chinese demand for United States soybeans has also been an […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday, continuing the downward trend with Chicago soyoil, according to a Winnipeg-based trader. “It’s due to the money flow as funds ramped up a big long position and took [soyoil] up to 35 cents per pound ,” he […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 24 (MarketsFarm) – The ICE Futures canola market was lower on Friday, continuing yesterday’s pricing trends. A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. The large Brazilian soybean crop has weighed on the soy complex. The Canadian dollar was […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Thursday, getting caught in declines in Chicago soyoil. However, a trader pointed out that isn’t necessarily a bad thing. Canola often lags behind changes to soyoil and in this case that’s good. The trader also noted soyoil […] Read more