By Dave Sims, Commodity News Service Canada Winnipeg, August 3 (CNS Canada) – Canola contracts on the ICE Futures platform suffered modest losses to end the week, as traders prepared for next week’s USDA supply and demand report. There are ideas soybean stocks could rise in the report, which would be bearish for canola and […] Read more
North American Grains/Oilseed Review: Canola dips ahead of long weekend
ICE canola softens as traders look ahead to USDA report
By Dave Sims, Commodity News Service Canada WINNIPEG, August 3 (CNS) – Canola contracts on the ICE Futures platform were slightly lower in choppy trading at midday Friday. The market was tracking losses in soybeans and feeling some uncertainty about next week’s USDA supply and demand report. There are ideas the report will show higher […] Read more
ICE canola weakens early Friday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 3 (CNS Canada) – ICE Futures canola contracts were mostly lower Friday morning, taking some direction from Chicago Board of Trade soybeans amid ongoing trade tensions between the United States and China. Relatively favourable North American crop conditions and the looming harvest added to the softer […] Read more
ICE Canola Review: Canola chops around unchanged
By Dave Sims, Commodity News Service Canada Winnipeg, August 2 (CNS Canada) – Canola contracts on the ICE Futures platform finished close to unchanged in choppy, technical trading on Thursday. Losses in U.S. soybeans and soyoil were countered by concerns about dry conditions in Western Canada. The hot temperatures are expected to continue through much […] Read more
ICE canola ticks upward with minimal volumes
By Dave Sims, Commodity News Service Canada WINNIPEG, August 2 (CNS) – Canola contracts on the ICE Futures platform were trending slightly higher at midday Thursday, in speculative buying. Concerns over excess dryness in Western Canada underpinned the futures. According to one weather expert, the hot weather on the Prairies will likely continue throughout the […] Read more
ICE canola down with follow-through selling
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 2 (CNS Canada) – ICE Futures canola contracts were weaker Thursday morning, seeing some follow-through selling after Wednesday’s turn lower. Losses in the Chicago Board of Trade soy complex contributed to the softer tone in canola, amid ideas that the trade dispute between the United States […] Read more
North American Grains/Oilseed Review: Canola sinks with soy, weak demand
By Dave Sims, Commodity News Service Canada Winnipeg, August 1 (CNS Canada) – Canola contracts on the ICE Futures platform finished lower on Wednesday, weighed down by losses in Chicago Board of Trade soybeans and some fund selling. Demand for canola was lukewarm and crusher buying was light. The market was undergoing a bit of […] Read more
ICE canola corrects lower
By Dave Sims, Commodity News Service Canada WINNIPEG, August 1 (CNS) – Canola contracts on the ICE Futures platform were correcting lower at midday Wednesday, in the wake of Tuesday’s sharp gains. Weakness in Chicago Board of Trade soybeans and soyoil weighed on the market. Lackluster demand and a pullback in buying by large funds […] Read more
ICE canola weakens early Wednesday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 1 (CNS Canada) – ICE Futures canola contracts were weaker Wednesday morning, as losses in Chicago Board of Trade soybeans and soyoil weighed on values. Renewed trade concerns accounted for some of the weakness in the oilseeds to start the day, as the United States and […] Read more
North American Grains/Oilseed Review – Canola jumps back up to C$500 a tonne
By Dave Sims, Commodity News Service Canada Winnipeg, July 31 (CNS Canada) – Canola contracts on the ICE Futures platform posted solid gains on Tuesday, following a spike in the value of Chicago Board of Trade soybeans and soyoil. Some parts of southwest Saskatchewan and southern Alberta are badly in need of rain, which underpinned […] Read more