By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The ICE Futures canola market weaker at midday Tuesday, as losses in Chicago Board of Trade soyoil and a firmer tone in the Canadian dollar also weighed on prices. The most active November contract was testing chart support around the C$460 per tonne level. Recent rainfall […] Read more
Canola weakens, testing chart support
ICE canola futures: Weather forecast, loonie push down bids
By Glen Hallick, MarketsFarm WINNIPEG, June 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mostly lower in early activity Tuesday morning. A weather forecast of rain this week for the Prairies, and a stronger Canadian dollar has weighed on values. This morning, the loonie was around 76.00 U.S. cents. Despite rain this past […] Read more
North American Grains/Oilseed Review: Weekend rains weigh on canola, boost soybeans
By Phil Franz-Warkentin, MarketsFarm Winnipeg, June 24 (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market. Large old crop supplies and the ongoing trade dispute with China also continued to weigh on values, […] Read more
Canola weaker at midday Monday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Monday, although activity was thin and choppy. Rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market, while also encouraging some farmer selling, according to a […] Read more
ICE canola futures: Bids steady to lower to start week
By Glen Hallick, MarketsFarm WINNIPEG, June 24 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower in early activity Monday morning. Despite rain over most of the Prairies on the weekend, there remains something of a weather premium on bids. However that premium could dissipate as the forecast has called for more […] Read more
North American Grain/Oilseed Review: Rain forecast pushes down canola bids
By Glen Hallick, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, as more rain has been forecast for the Prairies this weekend. The Prairies received 15 to 65 millimeters of rain over most of the region this week. While the precipitation was helpful to struggling crops, it […] Read more
Canola subdued at midday Friday
WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was slightly down at midday Friday, with trading volumes lower than usual. Forecasted rain across the Prairies weighed on canola prices, though precipitation was spotty in some key growing regions. “Farmers are happy to see the rain, but some guys haven’t gotten much,” said one […] Read more
ICE canola weakens early Friday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 21 (MarketsFarm) – ICE Futures canola contracts were weaker Friday morning, as much needed rain in dry areas of the Prairies weighed on values. While more moisture will be needed, the widespread precipitation saw investors booking profits and taking some weather premiums out of the market. Losses in Chicago […] Read more
North American Grain/Oilseed Review: Canola makes modest gains in heavy trade
By Glen Hallick, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to stronger on Thursday, due to spillover from Chicago. However, forecasts of rain and a stronger Canadian dollar weighed on values. Gains were made on the Chicago Board of Trade as trade talks between the United States and […] Read more
Canola dipped at midday Monday
By Marlo Glass, MarketsFarm WINNIPEG, June 20 (MarketsFarm) – The ICE Futures canola market was steady to down at midday Thursday. Rain in key growing areas of the Prairies put a lid on canola prices, though precipitation in the region remains below-average. Further losses in the canola market were avoided thanks to strong U.S. soybean […] Read more