By Glen Hallick, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts at midday Thursday are sitting and waiting to see what develops, according to a Winnipeg-based trader. “They’re up a little, down a little with no signs of going very far either way,” he said, noting that an increase in soyoil helped somewhat […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 21 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains Thursday morning in thin and choppy activity. Chicago Board of Trade soybeans and soyoil futures were slightly firmer in early activity, while the Canadian dollar was weaker. Supportive nearby technical signals underpinned the canola market, as prices […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts posted very small gains at the end of trading on Wednesday. The technical bias has continued to remain on the upside, and traders used the weakness in canola as a buying opportunity. Also, canola has become more competitive with vegetable oils. A […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – Canola bids are up midday Wednesday, but any expected bounce will not last long, according to a Winnipeg-based trader. While a lower Canadian dollar so far Wednesday is providing some support for canola bids, there is very little substantive to push prices up, he said. The […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Wednesday morning in thin and choppy activity. The nearby May contract was holding onto small gains, while the new crop months edged lower. Chicago Board of Trade soybeans were posting small losses, while soyoil futures were firmer. The Canadian […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – ICE Futures canola contracts were weaker at the end of trading on Tuesday, with pressure from a rising Canadian dollar and a decline in soyoil prices. The Canadian dollar pushed above 75 U.S. cents on Tuesday, ahead of the federal Liberal government’s budget, which is being […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Canola bids are well down midday Tuesday, because of pressure from a rising Canadian dollar and slipping soyoil prices. A Winnipeg-based trader pegged the rise of the dollar on the federal budget being introduced later on Tuesday. After closing at 74.93 United States cents yesterday, the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – ICE Futures canola contracts were weaker Tuesday morning, as strength in the Canadian dollar and losses in Chicago Board of Trade soyoil weighed on values. Chart-based speculative selling contributed to the early declines, amid ideas that the recent correction off of nearby lows was starting to […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – ICE Futures canola contracts were stronger at the end of trading on Monday. It’s believed short selling may be at its end and the technical bias has shifted to the upside. Trading will be lull until spring planting, with little to push bids either way. Ample […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – Canola bids are mixed midday Monday in line with the United States markets A Winnipeg-based trader noted the canola market has been rather quiet so far Monday, as movement follows any of the latest news on trade talks between the U.S. and China. The trader said […] Read more