WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, recovering from losses earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. Canola prices are expected to be mostly range-bound for the next few weeks. The price rebound was […] Read more
U.S. Grain/Oilseed Review
ICE Closing Review: canola prices rally at midweek
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, recovering from losses earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. Canola prices are expected to be mostly range-bound for the next few weeks. […] Read more
Canola prices stronger midday Wednesday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, bouncing back from lows earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. The price rebound was supported by meagre gains in soyoil on the […] Read more
ICE canola firm Wednesday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 27 (MarketsFarm) – The ICE Futures canola market was slightly firmer Wednesday morning, seeing a modest correction after dropping sharply earlier this week. Striking employees of Canadian National Railway (CN Rail) returned to work on Wednesday after an agreement to a week-long strike was reached on Tuesday. The resumption […] Read more
U.S. Grain/Oilseed Review
WINNIPEG, Nov. 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, following trends set earlier in the week. Prices began the week lower, pressured by the weeklong CN Rail strike. The strike was said to be Canada’s longest railwork stoppage in a decade. However, CN Rail announced on Tuesday morning that […] Read more
Canola prices lower at midday on Tuesday
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – The ICE Futures canola market was under pressure at midday Tuesday, following trends set earlier in the week. Prices began the week lower, pressured by the weeklong Canadian National Railway (CN Rail) strike. However, CN Rail announced on Tuesday morning that workers will return to work […] Read more
ICE canola futures: Bids follow soyoil downward
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 26 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading lower Tuesday morning, due to weakness in the Chicago soy complex. In particular, soyoil was down by about a fifth of a United States cent. The strike at Canadian National Railway entered its eighth day, with little pointing […] Read more
North American Grain/Oilseed Review: Canola hits three-week lows
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Nov. 25 (MarketsFarm) – The ICE Futures canola market declined to its lowest levels in three weeks on Monday, testing key chart support as speculative selling weighed on prices. Losses in Chicago Board of Trade soyoil and the ongoing strike at Canadian National Railway added to the bearish tone, according […] Read more
ICE canola weaker at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – ICE Futures canola contracts were weaker Monday morning, as losses in Chicago Board of Trade soyoil and the ongoing Canadian National Railway strike weighed on prices. “We’re a week in, and it’s not looking like the strike will end anytime soon,” said a trader on the […] Read more
ICE canola futures: Bids lower to begin the week
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were trading steady to lower Monday morning, as Chicago soyoil and the Canadian dollar played off of each other. At the Chicago Board of Trade, soyoil was down by more than a third of a United States cent. However, there […] Read more