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
ICE canola midday: Soy complex, Prairie harvest weigh on values
Global Markets: U.S./China trade talks in October
WINNIPEG, Sept. 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Trade talks between the United States and China will now proceed in October. Initially, negotiations had been planned for September following the last round of face-to-face talks in August. On Tuesday, a new agreement was […] Read more
ICE canola steady Thursday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 5 (MarketsFarm) – The ICE Futures canola market was largely unchanged on Thursday, lacking clear direction and remaining in a consolidation pattern. Canola values followed prices set by soybeans on the Chicago Board of Trade, which were also fairly steady. The soy complex will receive some direction from the […] Read more
North American Grain and Oilseed Review: Canola down, but still range-bound
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 4 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Wednesday, due to the continuing general downward pressure on canola and other oilseeds, according to a trader. For the most part canola has remained range-bound, said the trader, noting there’s nothing on the horizon that could shake up […] Read more
ICE canola midday: General downward pressure pushes bids lower
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 4 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, due to continuing general downward pressure on oilseeds, according to a Winnipeg-based trader. Canola was down by approximately C$1, which he said was “nothing too special.” The traded added there was also some harvest pressure, despite delays […] Read more
ICE canola higher Wednesday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 4 (MarketsFarm) – The ICE Futures canola market was slightly higher on Wednesday, following positive trends set during overnight trade. Canola values followed price set by soybeans on the Chicago Board of Trade, which trended slightly higher. While no frost damage has occurred yet, delayed crop development and the […] Read more
North American Grain and Oilseed Review: Canola remains range-bound following long weekend
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to lower on Tuesday, as bids wobbled up and down, according to a trader. He commented there is nothing to break canola, and other oilseeds, from being range-bound. While rain over the Labour Day long weekend slowed the […] Read more
ICE canola midday: Bids wobbling up and down with no direction
By Glen Hallick, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, as trading resumed following the Labour Day long weekend. “It’s just wobbling up and down, always moving a little bit less than the oil and the meal markets would dictate,” commented a Winnipeg-based trader. He noted that […] Read more
ICE canola lower Tuesday
By Marlo Glass, MarketsFarm WINNIPEG, Sept. 3 (MarketsFarm) – The ICE Futures canola market was slightly lower on Tuesday, remaining largely in a consolidation pattern. Canola values followed price trends set by soybeans on the Chicago Board of Trade, as well as Malaysian palm oil and European rapeseed, which all trended downward. Additionally, harvest pressure […] Read more
North American Grain/Oilseed Review: Canola firm ahead of long weekend
By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 30 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soyoil as traders adjusted positions ahead of the long weekend. Markets will be closed Monday for Labour Day. Chart-based buying contributed to the gains, although the November contract ran […] Read more