By Glen Hallick, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Friday, as stronger Chicago soyoil prices and a slightly weaker Canadian dollar provided support. After losses on Thursday, Chicago soyoil bounced back a bit in regaining about a fifth of a cent. The loonie was […] Read more
North American Grain and Oilseed Review: Canola finishes week with gains
ICE canola midday: Bids remain range-bound
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Thursday as bids remain range-bound, according to a Winnipeg-based analyst. “Maybe we’re looking at a little bit of soyoil, as that has come up. The Canadian dollar has come back down,” he said, noting canola has […] Read more
ICE canola rebounds ahead of the weekend
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 22 (MarketsFarm) – The ICE Futures canola market was higher on Friday, bouncing back from losses incurred the day before. A stronger tone from soyoil on the Chicago Board of Trade dragged canola prices lower. The December soyoil contract was up by about a quarter a cent at 8:35 […] Read more
North American Grain and Oilseed Review: Canola bids drop, but remain range-bound
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, as the trend of higher soyoil prices and a lower Canadian dollar were reversed. Soyoil lost about a half of a U.S. cent per pound today on the Chicago Board of Trade. The loonie was stronger […] Read more
ICE canola midday: Bids down as soyoil, loonie flip positions
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – ICE Futures canola contracts were lower at midday Thursday as Chicago soyoil and the Canadian dollar have flipped the other way, commented a Winnipeg-based trader. Prior to today, the trend this week had been stronger soyoil prices at the Chicago Board of Trade and a weaker […] Read more
Canadian dollar and business outlook
By MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) The Canadian dollar was slightly firmer Thursday morning, recovering from the six-week lows hit the previous session. At 9:10 CST Thursday morning the Canadian dollar was at US$0.7534 or C$1.3273 which compares with Wednesday’s North American close of US$0.7517 or C$1.3304. Speaking at an Ontario Securities Commission event on […] Read more
ICE canola falters on Thursday morning
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 21 (MarketsFarm) – The ICE Futures canola market was slightly lower on Thursday, retreating from gains made earlier in the week. A weaker tone from soy oil on the Chicago Board of Trade dragged canola prices slightly lower. The December soy oil contract was down by 14/100 of a […] Read more
North American Grain and Oilseed Review: Higher soyoil, lower loonie supporting canola
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, as bids continued to receive support from stronger Chicago soyoil and a lower Canadian dollar. Soyoil at the Chicago Board of Trade gained almost a quarter of a cent today. A shortage of palm oil due […] Read more
ICE canola midday: Soyoil continues to bump up canola prices
By Glen Hallick, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – ICE Futures canola contracts were higher at midday Wednesday, as bids continue to receive spillover from Chicago soyoil, according to a Winnipeg-based trader. In turn, he noted that soyoil prices on the Chicago Board of Trade have been higher due to gains made in Malaysian palm […] Read more
ICE canola stronger Wednesday morning
By Marlo Glass, MarketsFarm WINNIPEG, Nov. 20 (MarketsFarm) – The ICE Futures canola market was slightly higher on Wednesday morning, following pricing trends set earlier in the week. Canola values gained support from other vegetable oils. In particular, a strong tone from the soy complex on the Chicago Board of Trade provided spillover support to […] Read more