By Marlo Glass, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The ICE Futures canola market was higher at midday Monday, gleaning spillover support from soybeans on the Chicago Board of Trade. “Earlier in the day, canola was following U.S. markets pretty precisely,” remarked one Winnipeg-based trader. However, the rally is likely to be short-lived, as soybean […] Read more
Canola prices receive a boost on Monday
ICE canola stronger early Monday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 23 (MarketsFarm) – The ICE Futures canola market was stronger Monday morning, as gains in the Chicago Board of Trade soy complex provided support. Soybeans dropped sharply on Friday after a Chinese trade delegation cancelled plans to visit some United States farms. However, there was renewed optimism over trade […] Read more
North American Grain and Oilseed Review: Canola drops with weak soy complex
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, due to downward pressure from the Chicago soy complex. The complex dropped as United States President Donald Trump said China must do more than buy more U.S. farm goods to get a trade deal. He also stated […] Read more
ICE canola midday: Lacking support bids moving down
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday as expected gains in United States soybeans didn’t materialize, according to a Winnipeg-based trader. Trade talks between U.S. and China deputy negotiators haven’t spurred the Chicago soy complex. That’s despite the bulk of the discussions today focused […] Read more
ICE canola weaker Friday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 20 (MarketsFarm) – The ICE Futures canola market was weaker on Friday morning, following pricing trends set earlier in the week. Canola prices followed trends set by Malaysian palm oi and soybeans on the Chicago Board of Trade, both of which were lower this morning. Low-level trade negotiations will […] Read more
North American Grain and Oilseed Review: Bids down, late selling likely
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Thursday, as a trader believes the movement late in the session was due to farmers selling off of their combines. However, there has remained little to influence bids very far either way. Moreso, since buyers have been able […] Read more
ICE canola midday: Canola firm, waiting for harvest
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – ICE Futures canola contracts were steady at midday Thursday as the markets wait for the Prairie harvest to pick up the pace. While rain has been forecast for the Prairies in the coming days, it’s to be followed by a stretch of good weather that will […] Read more
ICE canola weaker Thursday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 19 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, following trends set earlier in the week. Canola prices followed trends set by Malaysian palm oil, European rapeseed, and soybeans on the Chicago Board of Trade, all of which were lower. Last week, net sales of 1.728 […] Read more
North American Grain and Oilseed Review: Canola lacking in direction
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were mixed Wednesday, as there was little to influence bids either way to a great extent. The front months were slightly lower and there were gains for the deferred months. A weather premium has continued to be in place as […] Read more
ICE canola midday: Bids moving to high end of range
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – ICE Futures canola contracts were higher at midday Wednesday but still range-bound, according to a Winnipeg-based trader. “It’s gravitating towards the high end of the range,” he said. The trader suggested there could be some support from the Canadian dollar, which was at 75.38 U.S. cents, […] Read more