By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 6 (MarketsFarm) – ICE Futures canola contracts were weaker on Thursday, with ongoing worries over Chinese trade restrictions accounting for much of the selling pressure. China is one of the largest buyers of Canadian canola and products, and traders remained concerned that diplomatic tensions between the two countries will […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Wednesday, retreating from earlier gains as the underlying technical and fundamentals remain bearish. Profit-taking after the sharp losses in recent sessions was initially supportive for canola. That buying interest was short lived and “we’re looking for demand again,” […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 6 (MarketsFarm) – ICE Futures canola contracts were up in early trade Wednesday morning, correcting after recent losses. Canola futures this morning were trading up at approximately C$1 per tonne, with the May contract at C$460.20 per tonne. Reaction to China’s cancelling of Richardson International’s registration to sell canola […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 5 (MarketsFarm) – ICE Futures canola contracts were weaker on Tuesday, pressured by renewed concerns over declining demand from China. China has reportedly blocked canola imports from Richardson International. Other Canadian exporters are also said to be running into hurdles making sales to China, amid the ongoing diplomatic dispute […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Tuesday, as heightened concerns over declining Chinese demand weighed on values. Reports that China had cancelled Richardson International Ltd.’s registration to move canola to the country provided the catalyst for the losses, as mounting political tensions between Canada […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – ICE Futures canola contracts were mixed in early trade Tuesday morning. Canola futures this morning were trading approximately C$1 per tonne either side of unchanged, with the May contract at C$461.40 per tonne. Reports Tuesday morning stated that China revoked Richardson International’s registration to ship canola […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 4 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed at Monday’s close, seeing some consolidation to start the week after bouncing around in choppy activity. After losing roughly C$30 per tonne last week, canola was looking overdone to the downside, according to traders. Speculators were backing away from […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Monday, seeing some consolidation after dropping sharply on Friday. Friday’s sharp declines “flushed out” many speculators still holding long positions, while others added to their growing net short positions. A trader said canola was finally […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – ICE Futures canola contracts were up Monday morning, following sharp losses on Friday. Canola futures this morning were up approximately C$2 to C$3 per tonne, with the May contract at C$463.20 per tonne. Recent weakness in canola, relative to its production value, could generate commercial bargain […] Read more

By Phil Franz-Warkentin, MarketsFarm Winnipeg, March 1 (MarketsFarm) – ICE Futures canola contracts ended with sharp losses in the front months after a volatile trading day on Friday. Concerns over declining Chinese demand sparked a selloff in the old crop contracts, as traders bailed out of long positions or added to their shorts. With Chinese […] Read more