By Marlo Glass, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The ICE Futures canola market was on either side of unchanged at midday Tuesday, amid light trade volumes and choppy activity. Despite a spate of challenging weather across the Canadian Prairies, some growers have made substantial harvest progress. According to one trader, producers in Northwest and […] Read more
Canola prices steady midday Wednesday
Canola edges higher Wednesday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 16 (MarketsFarm) – The ICE Futures canola market was posting small gains Wednesday morning in thin and choppy activity. Roughly 20 per cent of Manitoba’s canola crop was still unharvested before the province was hit with a severe winter storm over the past weekend, according the latest weekly crop […] Read more
North American Grain/Oilseed Review
WINNIPEG, Oct. 15 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday, supported by strong soy oil prices. Soy oil is trading at multi-month highs, boosted mainly by positive trade talks between the United States and China. Canola values are currently competitively priced compared to its vegetable oil counterparts, with strong crush […] Read more
Canola prices stronger midday Tuesday
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, underpinned by strong soyoil prices. Soyoil remained trading at multi-month highs, with firm fundamentals bolstered by positive trade talks between the United States and China. One trader in Winnipeg said canola is “attractively priced” from a […] Read more
Canola narrowly mixed Tuesday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 15 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Tuesday morning, as activity resumed following the Canadian Thanksgiving weekend. Soybean futures at the Chicago Board of Trade were higher on Monday, when the canola market was closed, but were posting small losses on Tuesday. Soyoil was slightly […] Read more
North American Grain/Oilseed Review: Canola edges up ahead of long weekend
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Oct. 11 (MarketsFarm) –ICE Futures canola contracts were stronger on Friday, but settled well off of their highs for the day as strength in the Canadian dollar countered spillover support from gains in Chicago Board of Trade soybeans. A winter storm hitting southern Manitoba and the northern United States provided […] Read more
ICE canola up at midday Friday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 11 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as Prairie weather concerns and gains in Chicago Board of Trade soybeans provided support. A winter storm was hitting southern Manitoba and the northern United States on Friday, while recent cool and wet conditions have also left […] Read more
ICE canola stronger Friday morning
ICE canola stronger Friday morning By Marlo Glass, MarketsFarm WINNIPEG, Oct. 11 (MarketsFarm) – The ICE Futures canola market was higher on Friday morning, following the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The report lowered U.S. soybean yields to 46.9 bushels per acre. The report also lowered […] Read more
North American Grain and Oilseed Review: Bids drop after release of USDA report
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts dropped on Thursday, likely due to short covering. Bids remained steady until about an hour after the release of the United States Department of Agriculture’s October supply and demand report. With the report, Chicago soybeans finished steady to lower, with […] Read more
ICE canola midday: Supply and demand report has markets at standstill
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 10 (MarketsFarm) – ICE Futures canola contracts were either side of steady at midday Thursday as the effect of today’s supply and demand report from the United States Department of Agriculture had yet to play into the markets, according to a Winnipeg-based trader. He noted that canola and wheat […] Read more