By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 15 (CNS Canada) – ICE Futures canola contracts were slightly weaker so far Friday morning with bearish technical signals weighing on prices. Soyoil futures on the Chicago Board of Trade were posting small losses, putting pressure on canola. However, soybeans were up providing some support for […] Read more
ICE canola futures start Friday on downside
North American Grain/Oilseed Review: Canola weakens with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 14 (CNS Canada) – ICE Futures canola contracts were weaker on Thursday, as losses in Chicago Board of Trade soybeans spilled over to weigh on values. Poor export demand and bearish technical signals contributed to the declines in canola, with the nearby March contract settling below […] Read more
Canola futures weaken as traders roll out of front month
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 14 (CNS Canada) – ICE Futures canola contracts were weaker at midday Thursday, with intermonth spreading accounting for the bulk of the activity as participants rolled their positions out of the nearby March contract. “Commercials, funds, retail – everybody’s focused on rolling their March positions forward,” […] Read more
ICE canola futures remain down Thursday morning
By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 14 (CNS Canada) – Ice Futures canola contracts continued to post small losses Thursday morning with bearish technical signals weighing on prices. Soybeans and soyoil on the Chicago Board of Trade were also on the downside Thursday morning, putting pressure on canola. Malaysian palm oil and […] Read more
North American Grain/Oilseed Review: Canola settles narrowly mixed
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 13 (CNS Canada) – ICE Futures canola contracts were narrowly mixed on Wednesday, with losses in the front months and gains in the new crop contracts. Adjustments to the intermonth spreads were a feature of the activity. The July/November spread moved from an inverse to a […] Read more
Canola futures drop below support at midday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 13 (CNS Canada) – ICE Futures canola contracts were weaker at midday Wednesday, falling below nearby chart support. The March contract moved below the psychological C$480 per tonne level which could set the stage for another leg lower if the market stays below that point, according […] Read more
ICE canola futures down in early Wednesday trading
By Glen Hallick, Commodity News Service Canada WINNIPEG, Feb. 13 (CNS Canada) – Ice Futures canola contracts were posting small losses Wednesday morning with bearish technical signals weighing on prices. Soybeans and soyoil on the Chicago Board of Trade were also posting losses Wednesday morning, putting pressure on canola. Also palm oil and European rapeseed […] Read more
North American Grain/Oilseed Review: Canola corrects higher with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 12 (CNS Canada) – ICE Futures canola contracts were stronger on Tuesday, taking some direction from gains in Chicago Board of Trade soybeans and soyoil. After dropping sharply on Monday, canola was looking overdone to the downside and due for a corrective bounce, according to participants. […] Read more
Canola futures edge higher at midday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – ICE Futures canola contracts were holding within a narrow range at midday Tuesday, with a slight bias to the upside as the market saw a modest correction after Monday’s declines. “There’s not enough big fundamental news in canola by itself to really […] Read more
ICE canola corrects higher early Tuesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – ICE Futures canola contracts were posting small gains Tuesday morning, seeing a modest correction after dropping sharply on Monday. Early strength in Chicago soybeans and soyoil provided some spillover support for canola. However, large supplies in the commercial pipeline and a lack […] Read more