By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, March 12 (CNS Canada) – ICE Futures canola contracts were trading to both sides of unchanged Tuesday morning, lacking any clear direction in thin and choppy activity. After posting large losses in recent weeks there are ideas that the canola market may have found some short-term support […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 11 (MarketsFarm) – ICE Futures canola contracts were weaker on Monday, although activity was thin and choppy. Bearish technical signals, losses in Chicago Board of Trade soybeans, and concerns over declining Chinese demand all added to the softer tone in the market, according to participants. Large old crop supplies […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Monday, taking some direction from Chicago Board of Trade soybeans. Bearish technical signals and concerns over declining Chinese demand added to the softer tone in canola, according to participants. However, support held to the downside amid ideas that […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 11 (MarketsFarm) – ICE Futures canola contracts were largely down in early trade Monday morning as hopes for a technical bounce are fading and tensions between Canada and China continue to weigh on prices. Canola futures this morning were mostly down by C$2 per tonne, with the May contract […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 8 (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, as speculative short-covering and end user bargain-hunting provided some support in light trade ahead of the weekend. After dropping sharply earlier in the week, canola was looking cheap and due for a correction, according to participants. However, the […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Friday, seeing some follow-through buying interest after Thursday’s late recovery off of contract lows. Commercial bargain-hunting and speculative short-covering were likely behind some of the buying interest, according to participants. However, political tensions between China […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 8 (MarketsFarm) – ICE Futures canola contracts were steady in early trade so far Friday morning as China’s actions against imports from Canada continue to be felt. Canola futures this morning were up by less than C$1 per tonne, with the May contract at C$456.50 per tonne. Yesterday’s bounce […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 7 (MarketsFarm) – ICE Futures canola contracts were stronger at Thursday’s close, as speculative short-covering came forward following earlier losses. Canola dropped to fresh contract lows in early activity, but managed to turn higher amid ideas the market was starting to look oversold. Solid crush margins, gains in Chicago […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Thursday, hitting fresh lows as speculators added to short positions and concerns over declining Chinese demand continued to weigh on values. “The news is grim in terms of canola,” said a trader, pointing to trade issues with China, […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 7 (MarketsFarm) – ICE Futures canola contracts were down in early trade Thursday morning as China’s actions against Richard International weigh on values. Canola futures this morning were trading down C$1 to C$3 per tonne, with the May contract at C$452.20 per tonne. Chinese authorities stated they found pests […] Read more