By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Nov. 21 (CNS Canada) – ICE Futures canola contracts were stronger at midday Wednesday, taking some direction from Chicago Board of Trade soyoil. Speculative short-covering contributed to the gains, as traders were squaring positions ahead of the United States Thanksgiving holiday. U.S. markets will be closed Thursday, […] Read more
ICE canola strengthens with soyoil
ICE canola mixed ahead of American holiday
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Nov. 21, 2018 (CNS Canada) – ICE Futures canola contracts are trading both sides of unchanged Wednesday morning. Chicago Board of Trade soybean and meal contracts are down, while soyoil contracts are up. Trade could be choppy today ahead of tomorrow’s American Thanksgiving holiday, where United […] Read more
North American Grain/Oilseed Review: Canola recovers off of lows
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Nov. 20 (CNS Canada) – ICE Futures canola contracts were stronger on Tuesday, as speculative short-covering helped the market recover off of the yearly lows hit on Monday. Weakness in the Canadian dollar, which was down by two-thirds of a cent relative to its United States counterpart, […] Read more
ICE canola corrects higher at midday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Nov. 20 (CNS Canada) – ICE Futures canola contracts were stronger at midday Tuesday, as “turnaround Tuesday” activity helped values recover off of nearby lows. Weakness in the Canadian dollar, which was down by nearly half of a cent relative to its United States counterpart, accounted for […] Read more
ICE canola bounces back in morning trade
ICE Futures canola contracts are stronger in morning trade, as some are thinking the recent selloff in canola has been overdone and the market is due for a bounce. Chicago Board of Trade soybean contracts are mostly stronger, soyoil contracts weaker and meal contracts are stronger. Canola is seeing some spillover support from the dominant […] Read more
North American Grain/Oilseed Review: Canola drops with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Nov. 19 (CNS Canada) – ICE Futures canola contracts were lower on Monday, finishing right above major chart support as the market reacted to the heavy losses seen in Chicago Board of Trade soybeans. Renewed concerns over the state of trade relations between the United States and […] Read more
ICE canola weakens amid U.S. trade concerns
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Nov. 19 (CNS Canada) – ICE Futures canola contracts were weaker at midday Monday, as losses in Chicago Board of Trade soybeans spilled over to weigh on values. Soybeans were down in reaction to comments made by United States Vice President Mike Pence over the weekend at […] Read more
ICE canola down in morning trade
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Nov. 19, 2018 (CNS Canada) – ICE Futures canola contracts were weaker Monday morning, following the lead of soybean futures. Chicago Board of Trade soybeans, oil and meal contracts were all down. There is concern over the China/United States trade war after U.S. Vice President Mike […] Read more
North American Grains/Oilseed Review: Trump says China deal on the way
By Ashley Robinson, Commodity News Service Canada Winnipeg, Nov. 15 (CNS Canada) – The ICE Futures canola platform finished the day weaker, following the lead of soyoil contracts. Chicago Board of Trade (CBOT) soybean and meal contracts were stronger at market close, while soyoil contracts were weaker. United States President Donald Trump announced Friday that […] Read more
ICE canola market down with trade uncertainty
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Nov. 16, 2018 (CNS Canada) – ICE Futures canola contracts were down at midday Friday, as trade optimism had started to sour. Chicago Board of Trade soybean and soyoil contracts were weaker, while meal contracts were stronger. According to a Winnipeg-based trader the canola market is […] Read more