By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 2 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, as gains in Chicago Board of Trade soyoil and weakness in the Canadian dollar provided support. The United States government is reportedly close to announcing a new plan to boost biofuel production in the country, which accounted […] Read more
ICE canola up with soyoil at midday
ICE canola steady Wednesday morning
By Marlo Glass, MarketsFarm WINNIPEG, Oct. 2 (MarketsFarm) – The ICE Futures canola market was steady to slightly higher on Wednesday morning, finding support from cold, wet weather conditions in parts of the Prairies. Though the weather is expected to warm up towards the end of the week, harvest conditions are still unfavourable. According to […] Read more
North American Grain/Oilseed Review: Canola continues higher
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Oct. 1 (MarketsFarm) – The ICE Futures canola market was stronger on Tuesday, seeing some follow-through speculative buying after Monday’s rally. Harvest delays and quality concerns following recent snow, rain, and cold temperatures across parts of the Prairies remained supportive, according to traders. Continued strength in Chicago Board of Trade […] Read more
Follow-through buying underpins ICE canola
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, seeing some follow-through buying interest after Monday’s rally as speculators continued to cover some of their large net short positions. Harvest delays and quality concerns following recent snow, rain, and cold temperatures across parts of the Prairies […] Read more
ICE canola futures: Higher bids on wet conditions
By Glen Hallick, MarketsFarm WINNIPEG, Oct. 1 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Tuesday morning, as wet and cold conditions, including snow, have continued to delay the Prairie harvest. The weather across most of the Prairies is expected to improve this week, but precipitation is in the weekend forecast. The Canadian […] Read more
North American Grain/Oilseed Review: Canola climbs as snow falls
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Sept. 30 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, as the market reacted to the early start to winter that hit parts of the Prairies over the weekend. The snow was heaviest in Alberta, but cold and wet conditions in all three Prairie provinces raised concerns […] Read more
ICE canola rallies with winter weather
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 30 (MarketsFarm) – ICE Futures canola contracts were up sharply at midday Monday, as a winter storm hit the Prairies and northern United States. The snow was heaviest in Alberta, but wet conditions in all three Prairie provinces will delay harvest progress and hurt the quality of any crops […] Read more
ICE canola futures: Winter like weather pushes up bids
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 30 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Monday morning, following significant snowfall and freezing temperatures over parts of the Prairies. Southern Alberta, the Foothills and southwestern Saskatchewan received snow over the weekend with the forecast calling for more today. The system of rain and snow […] Read more
North American Grain/Oilseed Review
WINNIPEG, Sept. 27 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, following trends set earlier in the week. Challenging harvest conditions and delayed progress have yet to provide a boost to canola prices. One trader said the weather across Western Canada is almost the worst he has ever seen. However, with […] Read more
Canola prices lower midday Friday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 27 (MarketsFarm) – The ICE Futures canola market was lower at midday Thursday, following trends set earlier in the week. Canola values remained weighed down by lower soybean values on the Chicago Board of Trade. Soyoil and soymeal values have been trending lower, and canola values have remained competitive. […] Read more