By Glen Hallick, MarketsFarm WINNIPEG, May 23 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, with little to support prices according to a Winnipeg-based trader. The July contract was down C$1.80 at C$444.10 per tonne. The November contract lost C$1.10 at C$457.50 per tonne. “There’s nothing to really push it up. It’s […] Read more
ICE canola midday: Little to support bids
ICE canola turns higher early Thursday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 23 (MarketsFarm) – ICE Futures canola contracts were posting small gains Thursday morning, recovering from overnight losses as weakness in the Canadian dollar provided some support. The currency was down by roughly a third of a cent relative to its United States counterpart. Dryness concerns in parts of Western […] Read more
North American Grain/Oilseed Review: Dry conditions spurs bounce in prices
By Glen Hallick, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Wednesday, in a light volume of trading. The July contract was up C$3.40 at C$445.80 per tonne. The November contract gained C$3.90 at C$458.60 per tonne. Dry conditions across the Prairies has meant canola planting has been […] Read more
ICE canola midday: Prairie dryness, soybeans pushing up prices
By Glen Hallick, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, fueled by dryness across the Prairies and increases in the soy complex on the Chicago Board of Trade, according to a Winnipeg-based trader. The July canola contract was up C$2.70 at C$445.10 per tonne. The November contract […] Read more
ICE canola posting solid gains early Wednesday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – ICE Futures canola contracts were stronger Wednesday morning, after trading to both sides of unchanged in overnight activity. Gains in the Chicago Board of Trade soy complex accounted for some of the spillover buying interest in canola, as beans recovered after Tuesday’s declines. A lack of […] Read more
North American Grain/Oilseed Review: ICE Closing Review: Prices lose gains to finish weaker
By Glen Hallick, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were down slightly on Tuesday, after bids fell from gains made earlier in the day. Limited farmer selling and spillover from soybeans on the Chicago Board of Trade provided support. The Canada/China dispute and a forecast for record carryovers weighed […] Read more
ICE canola midday: Canola, oilseeds caught up in rally
By Glen Hallick, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Tuesday, as it catches up with soybean prices on the Chicago Board of Trade, according to a Winnipeg-based trader. The July canola contract was up C$3.80 at C$447.00 per tonne. The November contract gained C$4.40 per tonne at […] Read more
ICE canola up with beans as trade resumes after long weekend
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – ICE Futures canola contracts were stronger Tuesday morning, taking some direction from Chicago Board of Trade soybeans. Soybeans were higher on Monday, when the canola market was closed for Victoria Day, and were seeing some follow-through buying interest on Tuesday. Midwestern seeding delays accounted for much […] Read more
North American Grain/Oilseed Review: Canola drops with soybeans ahead of long weekend
By Phil Franz-Warkentin, MarketsFarm Winnipeg, May 17 (MarketsFarm) – ICE Futures canola contracts settled lower on Friday, taking some direction from Chicago Board of Trade soybeans and soyoil. After largely ignoring sharp losses in the soy complex for most of the session, heavy selling came forward in canola in the final 15 minutes. Large old […] Read more
Canola weakens with soy at midday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 17 (MarketsFarm) – ICE Futures canola contracts were posting small losses at midday Friday, although activity was thin and choppy. Losses in the Chicago Board of Trade soy complex accounted for some of the spillover selling pressure in canola amid ideas that delayed corn seeding in the Midwest will […] Read more