By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 18 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Monday morning, with losses in the front months and a firmer tone in the new crop contracts. Chicago Board of Trade soybean futures were weaker to start the day, which put some spillover pressure on canola. Strength in the […] Read more
ICE canola narrowly mixed Monday morning
North American Grain/Oilseed Review: Canola has strong finish to week By Glen Hallick, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – ICE Futures canola contracts were stronger at the end of trading on Friday. Increases today were from routine business and crush activity, according to a trader. He said fund players are now maxed out, with large […] Read more
ICE canola midday: Futures in the green
By Glen Hallick, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – Routine business and crusher activity are supporting increases on the ICE canola futures midday Friday, said a Winnipeg-based trader. “We’re off those lows certainly by a fair chunk, but we’re still below yesterday’s high,” he said, noting the funds are maxed out with their large short […] Read more
ICE canola strengthens early Friday
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 15 (MarketsFarm) – ICE Futures canola contracts were stronger Friday morning, recovering from overnight losses as gains in Chicago Board of Trade soybeans provided support. End-user bargain hunting from both exporters and domestic crushers added to the firmer tone, although uncertainty over Chinese demand kept some caution in the […] Read more
North American Grain/Oilseed Review: Canola finishes steady
By Glen Hallick, MarketsFarm WINNIPEG, March 14 (MarketsFarm) – ICE Futures canola contracts were mixed at the end of trading on Thursday, with prices up for the front months and steady for the new crop contracts. Fund players have been heavily short on canola and have seen a good downswing, which they are covering, according […] Read more
ICE canola midday: Prices swinging upward
By Glen Hallick, MarketsFarm WINNIPEG, March 14 (MarketsFarm) – Prices on the ICE Futures canola market were on the upswing at midday on Thursday. After starting the day choppy, May canola was up C$4.70 at C$463.00 per tonne. A Winnipeg-based trader speculated China could be quietly purchasing canola. “China played the same game with beans. […] Read more
ICE canola narrowly mixed Thursday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Thursday morning in thin and choppy activity, as the market continues to consolidate right above major support. Solid buying came forward late in the day on Wednesday, which was seen as a sign that a low may be in for the […] Read more
North American Grain/Oilseed Review: Canola finishes steady
By Glen Hallick, MarketsFarm WINNIPEG, March 13 (MarketsFarm) – ICE Futures canola contracts were down for the most of trading on Wednesday, but rallied off of earlier lows to end the day at steady. Increases in soybean prices and bargain hunting in canola provided support. Continuing issues between Canada and China has led to a […] Read more
ICE canola weakens early Wednesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, March 13 (CNS Canada) – ICE Futures canola contracts were weaker Wednesday morning, taking back Tuesday’s gains as bearish chart signals and concerns over Chinese demand weighed on values. Losses in Chicago Board of Trade soybeans and a firmer tone in the Canadian dollar also weighed on […] Read more
North American Grain/Oilseed Review: Canola higher on Tuesday
By Glen Hallick, MarketsFarm WINNIPEG, March 12 (MarketsFarm) – ICE Futures canola contracts were stronger on Tuesday, as the market corrected itself following recent losses. Bargain hunting and increases in soybean prices also provided support. However, Canada’s ongoing difficulties with China, large old crop supplies and expectations for another big crop in 2019 tempered Tuesday’s […] Read more