By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 10 (CNS Canada) – ICE Futures canola contracts were weaker Monday morning, taking some direction from Chicago Board of Trade soybeans and soyoil. Speculative profit-taking to start the week contributed to the early declines, according to analysts. Ample supplies in the commercial pipeline and a subsequent […] Read more
ICE canola weakens Monday morning
North American Grain Oilseed Review: Canola ends lower after choppy day
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Dec. 7 (CNS Canada) – ICE Futures canola contracts weaker in the most active months at Friday’s close, after trading to both sides of unchanged in choppy activity. Strength in the Canadian dollar accounted for some of the selling pressure in canola, according to participants. The currency […] Read more
ICE canola correcting lower
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 7 (CNS Canada) – ICE Futures canola contracts were weaker at midday Friday, taking back most of Thursday’s gains as strength in the Canadian dollar weighed on values. The currency was up by roughly half of a cent relative to its United States counterpart, which cuts […] Read more
ICE canola down in morning trade
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Dec. 7, 2018 (CNS Canada) – ICE Futures canola contracts are mostly weaker this morning. Trading has been choppy throughout the morning. Chicago Board of Trade soybean, oil and meal contracts are all mostly stronger this morning. China’s commerce minister has said that China will start […] Read more
North American Grain/Oilseed Review: Canola strengthens with smaller crop
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Dec. 6 (CNS Canada) – ICE Futures canola contracts were stronger in the most active months on Thursday, although activity was choppy as a number of conflicting influences pulled on the market. A downward revision to Statistics Canada’s canola production estimate provided underlying support. The government agency […] Read more
ICE canola rises with tightening supply forecast
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 6 (CNS Canada) – ICE Futures canola contracts were stronger at midday Thursday in choppy activity, finding some support from the latest production estimates from Statistics Canada. The government agency pegged the 2018-19 canola crop at 20.3 million tonnes, which was at the lower end of […] Read more
ICE canola up with StatsCan numbers
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Dec. 6, 2018 (CNS Canada) – ICE Futures canola contracts are stronger this morning, following the release of the latest Statistics Canada production numbers. Total canola production for the year came in at 20.343 million tonnes, which is below the previous estimate from Statistics Canada reports […] Read more
North American Grain/Oilseed Review: Weak Canadian dollar boosts canola
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Dec. 5 (CNS Canada) – ICE Futures canola contracts were stronger on Wednesday, as weakness in the Canadian dollar provided support. The Bank of Canada kept its key overnight interest rate unchanged at 1.75 per cent on Wednesday while lowering its expectations for future rate hikes in […] Read more
ICE canola rises as Canadian dollar falls
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Dec. 5 (CNS Canada) – ICE Futures canola contracts were stronger at midday Wednesday, as a sharp decline in the Canadian dollar provided support. The currency was down by two-thirds of a cent relative to its United States counterpart in reaction to the Bank of Canada’s decision […] Read more
ICE canola choppy ahead of StatsCan report
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Dec. 5, 2018 (CNS Canada) – ICE Futures canola contracts are mixed this morning. Chicago Board of Trade soybean contracts are up this morning, as news from China was supportive for the contracts. Chinese officials said they are “confident in implementing” trade commitments made to the […] Read more