By Glen Hallick, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – ICE Futures canola contracts were stronger in trading at midday Friday, but a Winnipeg-based trader said there was no clear reason as to why. The trader said a few of factors could be at play, such as short covering, some form of spread liquidation or a […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 29 (MarketsFarm) – ICE Futures canola contracts were stronger Friday morning, as speculative short-covering underpinned the market. After bouncing off of major chart support earlier in the week the nearby technical signals are pointing higher, according to analysts. Early gains in Chicago Board of Trade soybeans were also supportive […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 28 (MarketsFarm) – ICE Futures canola contracts were stronger at the end of trading on Thursday, as a large amount of short trading provided a bounce in bids. Also support came from traders who are preparing for tomorrow’s United States Department of Agriculture quarterly reports on Prospective Planting and […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 28 (MarketsFarm) – ICE Futures canola contracts were on the rise in trading at midday Thursday. “Short covering is coming into the market giving us a nice little bounce,” said a Winnipeg-based trader. He noted funds are maxed out on the short side and other specs have a big […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 28 (MarketsFarm) – ICE Futures canola contracts were stronger Thursday morning, seeing a modest correction as the market consolidates right above major lows. Canola managed to hold above major chart support on Wednesday, which was seen as constructive from a technical standpoint, according to analysts. Early gains in Chicago […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were weaker at the end of trading on Wednesday, as tensions between Canada and China has continued to weigh on values. Canadian Prime Minister Justin Trudeau said on Tuesday he will consider sending a high-level delegation to China to discuss the ongoing […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were steady to lower in light trading at midday Wednesday, as the markets consolidate after Tuesday’s drop in prices. China remains the big factor, as tensions with Canada continue to adversely affect the market. A Winnipeg-based trader said that situation won’t change […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 27 (MarketsFarm) – ICE Futures canola contracts were steady to lower Wednesday morning, seeing some consolidation to start the day after Tuesday’s declines. Concerns over Chinese demand remain a major bearish influence on the canola market, as traders continued to react to the latest developments of the trade spat […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – SOYBEAN futures at the Chicago Board of Trade were weaker on Tuesday. As United States/China trade talks are set to get underway on Thursday, there are now indications that U.S. President Donald Trump will take a harder line against China. With the Mueller report no longer […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 26 (MarketsFarm) – ICE Futures canola contracts were down at midday Tuesday, following news that Viterra Inc. has become the second Canadian grain company to lose its ability to sell canola to China. Chinese authorities alleged Viterra’s canola was contaminated with hazardous pests. By midday, the May canola was […] Read more