By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, July 10 (CNS Canada) – ICE Futures canola contracts were weaker on Tuesday, with the November contract settling at its lowest level in five months as some stops were hit and speculators added to their growing net short positions. Ideas that canola was looking expensive compared to […] Read more
North American Grain/Oilseed Review: Canola settles at five-month low
ICE canola weaker at midday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 10 (CNS Canada) – ICE Futures canola contracts were weaker at midday Tuesday, amid ideas that prices were looking expensive compared to other oilseeds. Bearish chart signals contributed to the declines, as the November contract tested last week’s low of C$504 per tonne. While weather concerns […] Read more
ICE Canola dips in follow-through selling
By Dave Sims, Commodity News Service Canada WINNIPEG, July 10 (CNS) – Canola contracts on the ICE Futures Canada platform were lower Tuesday morning, in follow-through selling. The market was pressured by the U.S. soybean crop, which has been advancing rapidly and is expected to be massive. Canada’s canola crop is also doing fairly well, […] Read more
North American Grain/Oilseed Review: Canola follows soybeans lower
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, July 9 (CNS Canada) – ICE Futures canola contracts were lower on Monday, taking back much of Friday’s gains as a selloff in Chicago Board of Trade soybeans weighed on prices. Speculators were noted sellers, booking profits to start the week as global trade concerns were overhanging […] Read more
ICE canola weaker at midday
ICE canola weaker at midday By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 9 (CNS Canada) – ICE Futures canola contracts were weaker Monday morning, taking some direction from a downturn in Chicago Board of Trade soybeans. After posting solid gains on Friday, the fund buying that supported both soybeans and canola last week […] Read more
ICE Canola weakens with soybeans
By Dave Sims, Commodity News Service Canada WINNIPEG, July 9 (CNS) – Canola contracts on the ICE Futures Canada platform were lower Monday morning, in sympathy with Chicago Board of Trade soybeans. Recent strength in the value of the Canadian dollar, relative to its U.S. counterpart, weighed on the market. Oilseed crops in Canada and […] Read more
North American Grains/Oilseed Review – Canola tracks soybeans higher
By Dave Sims, Commodity News Service Canada Winnipeg, July 6 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished higher on Friday, taking strength from solid gains in soybeans and soyoil. Traders were squaring positions before the weekend. Much of Western Canada is expecting hot temperatures over the weekend and early into […] Read more
ICE canola rises with soy, shrugging off strong C$
By Dave Sims, Commodity News Service Canada WINNIPEG, July 6 (CNS) – Canola contracts on the ICE Futures Canada platform were higher at midday Friday, tracking gains in the U.S. soy complex. Hot temperatures are expected across much of the Prairies over the weekend, which should stress dried-out fields even more. Some traders were engaging […] Read more
ICE canola rises with soy, shrugging off strong C$
By Dave Sims, Commodity News Service Canada WINNIPEG, July 6 (CNS) – Canola contracts on the ICE Futures Canada platform were higher at midday Friday, tracking gains in the U.S. soy complex. Hot temperatures are expected across much of the Prairies over the weekend, which should stress dried-out fields even more. Some traders were engaging […] Read more
ICE canola up slightly Friday morning
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 6 (CNS Canada) – ICE Futures canola contracts posting small gains in most months Friday morning, although activity was thin and choppy as participants squared positions ahead of the weekend. Gains in Chicago Board of Trade soybeans provided some underlying support. However, Chinese and U.S. tariffs […] Read more