By Marlo Glass, MarketsFarm WINNIPEG, Jan. 2 (MarketsFarm) – The ICE Futures canola market was slightly higher on Thursday morning, as commodity markets re-opened in the New Year. A weaker tone for soyoil on the Chicago Board of Trade limited gains for canola values. The United States Department of Agriculture (USDA) will release the Fats […] Read more
ICE canola starts the year stronger
North American Grain and Oilseed Review: Canola prices slip on year-end trading
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Tuesday, but bounced back from much larger losses in most of the session. A Winnipeg-based trader noted year-end selling dominated the market today, essentially overpowering any support from the news regarding the Phase One trade agreement […] Read more
ICE canola midday: Year-end trading overpowers Phase One news
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, giving up most of the gains made yesterday. “Today we are being dominated by year-end trading,” said a Winnipeg-based trader, noting there was a lot of profit-taking in Chicago soyoil, which had some effect on canola prices. […] Read more
ICE canola weaker on Tuesday
By Marlo Glass, MarketsFarm WINNIPEG, Dec. 31 (MarketsFarm) – The ICE Futures canola market was lower on Tuesday morning, as traders switched their attention from the January contract to March. A weaker tone for soybeans on the Chicago Board of Trade kept pressure on canola values. Market participants continue to monitor weather forecasts in key […] Read more
North American Grain and Oilseed Review: Phase One news leads to higher canola prices
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 30 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Monday, due to speculation that the Phase One trade deal between the United States and China could be signed this week. The South China Morning Post reported today that Vice-Premier Lui He, China’s top trade negotiator, was […] Read more
ICE canola midday: Phase One deal providing boost to prices
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 30 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Monday, getting support from reports that the Phase One trade deal between the United States and China could be signed this week. The South China Morning Post reported on Monday that Vice-Premier Lui He, China’s top trade negotiator, […] Read more
ICE canola correcting higher to start week
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 30 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, taking back all of Friday’s losses as gains in Chicago Board of Trade soyoil and soybeans provided support. Ideas that Friday’s losses were overdone contributed to Monday’s bounce, with canola looking cheap compared to other oilseeds. Crush […] Read more
North American Grain and Oilseed Review: Rising loonie drives down canola bids
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Friday, as a stronger Canadian dollar weighed on values. After not being traded on Christmas and Boxing Day, the loonie, by mid-afternoon Friday, was higher at 76.48 U.S. cents compared to Tuesday’s close of 76.01. A trader […] Read more
ICE canola midday: Despite gains, prices lag behind
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 27 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday, but far below as to where prices should be, according to a Winnipeg-based trader. The trader said that canola prices were about C$4.50 per tonne lower than where they should be on Friday. “Canola is […] Read more
ICE canola stronger on Friday
By Marlo Glass, MarketsFarm WINNIPEG, Dec. 27 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, as prices remained locked in a consolidation pattern following the holiday break. A stronger tone for soybeans on the Chicago Board of Trade was supportive of canola values. Market participants are monitoring growing conditions in South America […] Read more