By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 3 (MarketsFarm) – The ICE Futures canola market held onto small gains on Tuesday, seeing a modest correction after Monday’s sharp losses. Solid demand from domestic crushers and oversold price sentiment contributed to the gains. However, weakness in the outside equity markets kept some caution in the market as […] Read more
North American Grain/Oilseed Review: Canola holds onto small gains
ICE canola firm, correcting higher at midday Tuesday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Tuesday, seeing a modest correction after falling below nearby chart support on Monday. However, losses in the outside equity markets, amid renewed concerns over United States trade policy following comments by President Donald Trump in […] Read more
ICE canola futures: Bids bouncing back from Monday’s losses
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 3 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Tuesday morning, regaining some of the losses incurred yesterday, although bids remain range-bound. Favourable soybean crop conditions in South America have weighed on values, with Brazil on pace for a record 123.0 million tonnes and Argentina with 55.0 […] Read more
North American Grain/Oilseed Review
WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, following pricing trends set last week. Canola values were dragged down by lower prices for Malaysian palm oil and soybeans on the Chicago Board of Trade. One trader said “the shine has come off of the vegetable oil complex.” Canola […] Read more
Canola prices lower at midday Monday
By Marlo Glass, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – The ICE Futures canola market was lower at midday on Monday, dragged down by flagging prices for Malaysian palm oil and soybeans on the Chicago Board of Trade. One Winnipeg-based trader said “the shine has come off of the vegetable oil complex.” Canola prices have been […] Read more
ICE canola futures: Bids getting support from other vegetable oils
By Glen Hallick, MarketsFarm WINNIPEG, Dec. 2 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Monday morning, getting support on gains in European rapeseed, Malaysian palm oil, as well as the Chicago soy complex. However, canola has remained range-bound with traders unwilling to push bids too far either way. Meanwhile, the technical bias […] Read more
North American Grain/Oilseed Review
WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, amid quiet trading activity due to the Thanksgiving holiday. One trader said canola is “chopping up and down” in a range due to the quiet activity in United States commodity markets. Canola is expected to remain range-bound into the New […] Read more
Canola prices steady at midday on Friday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – The ICE Futures canola market was steady at midday on Friday, bouncing around in light trading activity. One Winnipeg-based trader expected canola to remain “chopping up and down” due to a lack of activity in American commodity markets, because of Thanksgiving. Canola prices received some direction […] Read more
ICE canola futures: Little movement in prices after U.S. Thanksgiving
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading either side of steady Friday morning, as there was little support from Chicago soyoil. Soyoil was up by approximately a tenth of a United States cent. The Chicago Board of Trade resumed trading after the Thanksgiving holiday on […] Read more
North American Grain & Oilseed Review
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, amid light trading activity due to the Thanksgiving holiday. One trader expected canola to remain range-bound, with the January contract holding between C$455 and C$467 dollars until the New Year. The Canadian dollar has remained steady […] Read more