By Marlo Glass, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was under pressure at midday Tuesday, with prices “quietly grinding lower,” according to one Winnipeg-based trader. The market observed light trading activity as some traders “remained on the sidelines” ahead of production reports from Statistics Canada and the United States Department […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market holding steady Tuesday morning, lacking any clear direction. The futures were seeing some consolidation after their recent declines. Early strength in the Chicago Board of Trade soy complex provided some spillover support for canola. Overnight gains in European rapeseed futures and […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Monday, as a strong Canadian dollar and weaker soy oil values weighed on prices. The Canadian dollar has hovered around 76 U.S. cents for the past few days, which has made canola less attractive to buyers. A Winnipeg-based […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market was lower at midday Monday, amid light trading activity. A strong Canadian dollar is mostly to blame for keeping pressure on canola values. The dollar surged above 76 U.S. cents late last week, and held at 75.99 cents on Monday. “Sometimes […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, nearing contract lows as bearish chart signals and strength in the Canadian dollar weighed on values. The Canadian dollar was trading above 76 U.S. cents Monday morning, hitting its best levels relative to its United States counterpart […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 6 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, as increased pressure from products and the Canadian dollar weighed on values. A Winnipeg-based trader explained product values over the last two days have dropped by more than C$12 and that’s at least twice the amount canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 6 (MarketsFarm) – ICE Futures canola contracts were lower at midday Friday and could drop further, according to a Winnipeg-based trader. He said canola has actually been holding up quite well given the pressure it’s been under yesterday and today, with product values dropping C$12 to C$13 while canola […] Read more

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 6 (MarketsFarm) – The ICE Futures canola market was largely unchanged on Friday, staying locked in a consolidation pattern from earlier in the week. Statistics Canada released its Canadian Grain Stocks report as of July 31. Canola stocks were on the higher end of expectations at 3.873 million tonnes. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 5 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Thursday, for a third consecutive day as the losses on the Chicago soy complex and the Prairie harvest weighed on values. The Canadian dollar also provided pressure as the loonie was up by more than a tenth of […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 5 (MarketsFarm) – ICE Futures canola contracts were lower at midday Thursday, as the Chicago soy complex and the canola harvest weighed on values, said a Winnipeg-based analyst. “The U.S. markets are obviously the drag,” he said as prices were down across the soy complex. And that came after […] Read more