By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Sep. 19, 2018 (CNS Canada) – ICE Futures canola contracts were down again at midday Wednesday, as large production values weighed on markets. One analyst pointed out the November contract hit seasonal lows Tuesday, dipping below $485 per tonne, and that he can’t see it going […] Read more
ICE canola down again at midday
ICE canola weakens with large crop
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sep. 19 (CNS Canada) – ICE Futures canola contracts were weaker Wednesday morning, with an upward revision to Canada’s canola crop behind some of the selling pressure. Statistics Canada’s model-based estimates released Wednesday morning used satellite data, together with information from the earlier survey-based report and agro-climate […] Read more
ICE Canola Review: Canola down as trade war heats up
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Sep. 18 (CNS) – The ICE Futures canola platform continued its downward slide Tuesday, as trade war tensions between the United States and China spilled over. Soybean contracts at the Chicago Board Trade hit new contract lows, dragging canola down with it. U.S. President Donald Trump placed […] Read more
ICE canola continues to fall
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Sep. 18, 2018 (CNS Canada) – ICE Futures Canada canola contracts continued to drift lower at midday Tuesday, as speculative fund selling continued. One Winnipeg-based trader pointed out that the November contract fell below the C$485 per tonne mark, which is the first time that has […] Read more
ICE canola drops early, testing support
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sep. 18 (CNS Canada) – ICE Futures canola contracts were weaker Tuesday morning, nearing major support as losses in the Chicago Board of Trade soy complex weighed on values. The United States announced another round of tariffs on Chinese imports, which should see China retaliate in kind. […] Read more
North American Grain/Oilseed Review
By Ashley Robinson, Commodity News Service Canada WINNIPEG, Sep. 17 (CNS) – The ICE Futures canola platform finished lower Monday, following the lead of Chicago soybeans. There are thoughts that canola is over-priced compared to soybeans, according to a Winnipeg-based trader. There isn’t a firm answer why it is priced so high but it could […] Read more
ICE canola down but over-priced
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, Sep. 17, 2018 (CNS Canada) – ICE Futures Canada canola contracts were weaker at midday Monday, taking direction from United States futures and a stronger Canadian dollar. Chicago Board of Trade soybean, oil and meal contracts were all lower also. One Winnipeg-based trader said that canola […] Read more
ICE canola weakens early Monday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sep. 17 (CNS Canada) – ICE Futures canola contracts were weaker in quiet trade Monday morning, as declines in Chicago Board of Trade soybeans weighed on values. Seasonal harvest pressure added to the softer tone in canola, as farmer deliveries picked up, according to participants. Bearish chart […] Read more
North American Grains/Oilseed Review – Canola firms with technical buying
By Dave Sims, Commodity News Service Canada Winnipeg, Sept. 14 (CNS Canada) – The ICE Futures canola platform chopped around in a narrow trading range for much of the day before ending with a small gain. Weather issues continue to be one of the main sources of support for the market, as cold, wet weather […] Read more
Canola inches higher in narrow trade
Canola inches higher in narrow trade By Dave Sims, Commodity News Service Canada WINNIPEG, Sept. 14 (CNS) – Canola contracts on the ICE Futures platform were higher Friday, taking strength from a lower Canadian dollar. Cold and wet weather in parts of Western Canada continues to delay the harvest, although there are forecasts calling for […] Read more