By Ashley Robinson, Commodity News Service Canada Winnipeg, Jan. 16 (CNS Canada) – The ICE Futures canola contacts finished the day stronger, bouncing back from Tuesday’s losses. Chicago Board of Trade soybean contracts were mixed, oil contracts were slightly weaker and meal contracts stronger. The soy complex had been stronger earlier in the day, but […] Read more
North American Grains and Oilseeds Review: China situation has traders weary
ICE canola stronger at midday
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Jan. 16, 2018 (CNS Canada) – ICE Futures canola contracts continued to recover at midday Wednesday, following the last few days of losses. The March contract broke below the C$480 per tonne mark earlier in the week and found support at the C$475 per tonne mark Tuesday. […] Read more
ICE canola correcting higher early Wednesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 16 (CNS Canada) – ICE Futures canola contracts were posting small gains Wednesday morning, seeing some consolidation after dropping sharply on Tuesday. The March contract hit a low of C$475 per tonne on Tuesday, but was managing to hold above that level on Wednesday amid ideas […] Read more
North American Grains and Oilseeds Review: Canola breaks C$480 mark in trade
By Ashley Robinson, Commodity News Service Canada Winnipeg, Jan. 14 (CNS Canada) – The ICE Futures canola contacts finished the day weaker, trading below the C$480 per tonne mark during the session. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all down too. There is concern about waning Chinese interest for United […] Read more
ICE canola weaker as China interest slows
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Jan. 15, 2018 (CNS Canada) – ICE Futures canola contracts were continuing on their downward slide at midday Tuesday. Growing concern over waning interest in North American oilseeds were weighing on contracts. One Winnipeg-based trader said the market is now thinking China is done making United States […] Read more
ICE canola down with follow-through selling
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 15 (CNS Canada) – ICE Futures canola contracts were posting small losses Tuesday morning, seeing some follow-through selling after Monday’s declines. The March contract broke below the psychological C$480 per tonne mark on Monday, which was bearish from a chart standpoint and opened the door to […] Read more
ICE Canola Review: Canola down as buying interest slows
By Ashley Robinson, Commodity News Service Canada Winnipeg, Jan. 14 (CNS Canada) – The ICE Futures canola contacts finished the day weaker, pulled down by weak demand for the crop. Chicago Board of Trade soybean, oil and meal contracts were all down too. New customs data released from China this morning showed December soybean imports […] Read more
ICE canola weaker in lackluster winter trade
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Jan. 14, 2018 (CNS Canada) – ICE Futures canola contracts were weaker at midday Monday, continuing to be stuck in the winter slowdown. “Lifeless trade, low volume, lackluster, stuck in this recent range here now between the C$480.20, which has been the low about twice now in […] Read more
ICE canola weakens Monday morning
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 14 (CNS Canada) – ICE Futures canola contracts were weaker Monday morning, taking some direction from the Chicago Board of Trade soy complex. A lack of significant end user demand contributed to the softer tone in canola, as commercial traders were content to buy on a […] Read more
North American Grain/Oilseed Review: Short-covering boosts canola ahead of weekend
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Jan. 11 (CNS Canada) – ICE Futures canola contracts were stronger on Friday, seeing a modest short-covering correction ahead of the weekend. Gains in Chicago Board of Trade soybeans and soyoil contributed to the firmer tone in canola, while a slightly weaker tone in the Canadian dollar […] Read more