By Glen Hallick, Commodity News Service Canada WINNIPEG, Jan. 25 (CNS Canada) – Canola bids were holding relatively steady at midday Friday, lacking any clear direction. “It’s having a hard time to figure out where to go I think,” said a Winnipeg-based trader. One factor on canola bids was the Canadian dollar, which had climbed […] Read more
ICE canola: conflicting influences keep market steady
ICE canola bouncing around in morning trade
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Jan. 25, 2019 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged Friday morning, with the bias turning lower in choppy trade. Chicago Board of Trade soybean and meal contracts are slightly weaker, while soyoil contracts are stronger. Canola exports are still […] Read more
North American Grain/Oilseed Review: Canola keeps trending higher
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Jan. 24 (CNS Canada) – ICE Futures canola contracts were higher for the third straight session, as supportive nearby technical signals brought in speculative buying interest. Recent weakness in the Canadian dollar was also supportive, while improving basis levels in the countryside were said to be a […] Read more
ICE canola bids in narrow range in quiet trading
By Glen Hallick, Commodity News Service Canada WINNIPEG, Jan. 24 (CNS Canada) – Canola bids were bouncing around midday Thursday, although one Winnipeg-based trader said things could change with a couple of trades. He said soybeans were down earlier on Thursday and the Canadian dollar was up a little, but he considered those factors to […] Read more
ICE canola trading in narrow range
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Jan. 24, 2019 (CNS Canada) – ICE Futures canola contracts weaker Thursday morning, contracts traded both sides of unchanged in overnight action. Chicago Board of Trade soybean, oil and meal contracts are all weaker in morning trade. Large palm oil supplies are keeping a lid on […] Read more
North American Grain/Oilseed Review: Canola settles with small gains
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Jan. 23 (CNS Canada) – ICE Futures canola contracts settled with small gains on Wednesday, after trading to both sides of unchanged in choppy activity. Advances in Chicago Board of Trade soybeans and soyoil provided some spillover support for canola, while nearby technical signals were also said […] Read more
ICE canola correcting itself from yesterday’s wild ride
By Glen Hallick, Commodity News Service Canada WINNIPEG, Jan. 23 (CNS Canada) – Canola bids were up midday Wednesday, following Tuesday’s wild ride on the markets. A Winnipeg-based analyst said a news report from the Financial Times about United States-China trade talks sent markets downward. The report said the U.S. rebuffed a request from China […] Read more
ICE canola up as soy complex rebounds
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Jan. 23, 2019 (CNS Canada) – ICE Futures canola contracts are stronger Wednesday morning. Chicago Board of Trade soybean, oil and meal contracts are all stronger, rebounding following Tuesday’s losses. There is still hot and dry weather in Brazil, which many expect should reduce the size […] Read more
North American Grain/Oilseed Review: Canola strengthens despite soy losses
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Jan. 22 (CNS Canada) – ICE Futures canola contracts were stronger on Tuesday, seeing a correction after Monday’s declines. Weakness in the Canadian dollar contributed to the gains, as the currency dipped below 75 U.S. cents. A firm tone in Chicago Board of Trade soyoil was also […] Read more
ICE canola heading up
By Glen Hallick, Commodity News Service Canada WINNIPEG, Jan. 22 (CNS Canada) – Canola bids were up midday Tuesday, seeing a correction after Monday’s losses as the United States markets reopened the day after the Martin Luther King Jr. holiday. “We’re up C$3.30 on the day, supported by a lower Canadian dollar,” said one Winnipeg-based […] Read more