By Marlo Glass, MarketsFarm WINNIPEG, Jan. 8 (MarketsFarm) – The ICE Futures canola market was mostly stronger at midday on Wednesday, boosted by stronger values for soyoil on the Chicago Board of Trade and a weaker Canadian currency. The Chicago soy complex showed gains ahead of the United States and China signing Phase One of […] Read more
Canola prices slightly higher midday Wednesday
ICE canola turns higher in early trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 8 (MarketsFarm) – The ICE Futures canola market was posting gains Wednesday morning, recovering from overnight losses in choppy activity. A turn higher in Chicago Board of Trade soyoil accounted for some of the spillover buying interest in canola. Slight weakness in the Canadian dollar and ideas that canola […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Tuesday, making up for losses incurred during the previous trading session. A weaker Canadian dollar was supportive of canola prices. At midday, the dollar slipped just below 77 U.S. cents, due to a comparably stronger U.S. dollar […] Read more
Canola prices slightly higher midday Tuesday
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The ICE Futures canola market was slightly stronger at midday on Monday, boosted by higher values for soyoil on the Chicago Board of Trade and a weaker Canadian currency. Chicago soyoil gained relative strength from a higher tone for Malaysian palm oil. Canola prices have remained […] Read more
ICE canola correcting higher in early trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 7 (MarketsFarm) – The ICE Futures canola market was holding onto small gains Tuesday morning, seeing a modest recovery after recent losses. Gains in outside vegetable oil markets, including Malaysian palm oil and Chicago Board of Trade soyoil, provided some spillover support for canola. A weaker tone in the […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Monday after initially starting the day stronger. One trader said canola prices had “shown some resilience” given the strong Canadian dollar and lower soyoil prices on the Chicago Board of Trade. High crush margins had […] Read more
Canola prices steady at midday Monday
By Marlo Glass, MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – The ICE Futures canola market was slightly stronger at midday on Monday, despite a lower tone for soyoil on the Chicago Board of Trade and relative strength in the Canadian dollar. One Winnipeg-based trader said canola prices have shown “a bit of an impressive performance.” Prices […] Read more
ICE canola continues lower Monday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 6 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, seeing some follow-through selling after Friday’s turn lower. Global uncertainty over the mounting tensions between the United States and Iran had investors backing away from riskier assets, including agricultural commodities. Losses in Chicago Board of Trade soyoil […] Read more
North American Grain and Oilseed Review: Canola down after Baghdad drone attack
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower Friday, due to weaker values in the Chicago soy complex. That in turn was due to the drone attack by the United States that killed a top Iranian general in Baghdad on Friday. The attack quickly increased tensions […] Read more
ICE canola midday: Drone attack fallout pushing down prices
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 3 (MarketsFarm) – ICE Futures canola contracts were lower at midday Friday, stemming from a drop in the Chicago soy complex. The latter was due to the United States drone attack over Baghdad that killed a top Iranian general, which dramatically increased tensions in the Middle East. “At the […] Read more