By Phil Franz-Warkentin, MarketsFarm WINNIPEG – ICE Futures canola contracts were weaker at midday Monday, taking some direction from the falling Chicago Board of Trade soy complex. Soybeans dropped to their lowest levels in 10 years, as traders reacted to heightened trade tensions between the United States and China. Relatively favourable seeding weather across Western […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 13 (MarketsFarm) – ICE Futures canola contracts were falling in early trade Monday morning, as the heating up of the United States/China trade war has forced soybean bids down on the Chicago Board of Trade. Caught in the spillover, the July canola contract dropped C$3.60 at C$432.20 per tonne. […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were down on Friday, with light volumes in trading. The negative effects from United States/China trade talks were felt in the canola market today, with spillover from soybeans on the Chicago Board of Trade. The July canola contract lost 90 […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Friday ahead of any possible volatility that could come later in trading, according to a Winnipeg-based trader. The United States Department of Agriculture releases its World Agriculture Supply and Demand Estimates at 11 CDT today. “They like to […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – ICE Futures canola contracts were weaker Friday morning, although activity was thin and choppy as participants await the release of the United States Department of Agriculture’s monthly supply/demand report. Strength in the Canadian dollar accounted for much of the early selling pressure, as the currency was […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 9 (MarketsFarm) – Intercontinental Exchange Futures canola contracts were down on Thursday, but recovered from larger losses earlier in the day. The July contract closed at C$436.70 per tonne after hitting C$434.00 per tonne at one point in the session. The November contract closed at C$450.30 after it fell […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 9 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, as soybeans on the Chicago Board of Trade (CBOT) are well down. However, a Winnipeg-based trader stated that canola remains too expensive. “We need canola to get cheap and stay cheap so we can move some canola. […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 9 (MarketsFarm) – ICE Futures canola contracts were weaker Thursday morning, taking some direction from the Chicago Board of Trade soy complex. Wednesday’s late retreat from earlier gains was also bearish from a technical standpoint, with follow-through speculative selling weighing on values. The ongoing trade dispute with China, large […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 8 (MarketsFarm) – Intercontinental Exchange Futures canola contracts were down slightly on Wednesday, after being up for most of the session. Bids fell in the final 30 minutes of trading, which ended a rally that began yesterday. At one point on Wednesday, the July contract reached a high of […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, May 8 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, continuing on the rally that began yesterday. A Winnipeg-based trader said it’s tough to pinpoint exactly what is pushing canola prices upwards. One explanation he cited was a seeding rally. “Everyone is out there seeding and there […] Read more