By Glen Hallick, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – ICE Futures canola contracts were lower at midday Thursday, following declines in Chicago soyoil. A Winnipeg-based trader noted that soyoil has shifted 40 to 50 points either way over the last several days, which he said was “pretty bizarre.” The expectation had been that soyoil had […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 23 (MarketsFarm) – The ICE Futures canola market was lower on Thursday, taking back most of the gains made yesterday. A weaker tone for soyoil on the Chicago Board of Trade kept pressure on canola values this morning. Promises of China increasing soybean purchases have yet to materialize. The […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Wednesday, regaining some of the values lost yesterday. Support came from improved Chicago soyoil prices, as well as from stronger European rapeseed. However, lower Malaysian palm oil prices and the South American soybean harvest, which is […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – ICE Futures canola contracts were higher at midday Wednesday recovering most of yesterday’s losses. Support was coming from improved Chicago soyoil prices, which were also attempting to recover most of Tuesday’s steep declines, a Winnipeg-based analyst commented. He noted that volumes were light including the spreads. […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Jan. 22 (MarketsFarm) – The ICE Futures canola market was higher on Wednesday, recovering from yesterday’s losses. A stronger tone for Malaysian palm oil, European rapeseed, and soyoil on the Chicago Board of Trade all lent strength to canola values. Canola is expected to see spillover buying from other vegetable […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, due to significantly weaker Chicago soyoil prices. At the Chicago Board of Trade soyoil lost six-tenths of cent. Also, a trader noted that canola prices have often retreated after making gains recently. He said this occurs […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – ICE Futures canola contracts were lower, but range-bound at midday Tuesday as they often drift at this time of year, according to a Winnipeg-based trader. He noted that once prices have moved upward they begin to struggle. For instance, the November 2020 contract pushed towards C$500 […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, as sharp declines in the Chicago Board of Trade soy complex weighed on prices to start the day. Soyoil was down by roughly half a cent per pound, while soybeans also posted large losses as activity in […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Monday, spurred on by the rise in the Canadian dollar. By mid-afternoon Monday, the loonie climbed to 76.64 U.S. cents, compared to Friday’s close of 76.56. The stronger dollar made canola less attractive to importers. However, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – ICE Futures canola contracts were slightly higher at midday Monday as there could increases in the Chicago soy complex on Tuesday, according to a Winnipeg-based trader. “The odds are we’re going to get a firmer start tonight following the buying on Friday. Therefore, traders want to […] Read more