By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, May 28, 2018 (CNS Canada) – ICE Futures Canada canola contracts were weaker at midday Monday, as rains over the weekend in Western Canada weighed on markets. Most areas of the Prairies received rain over the weekend, but there are still areas that are on the […] Read more
ICE canola lower after weekend rains
ICE Canola dips with veg oil
By Dave Sims, Commodity News Service Canada WINNIPEG, May 28 (CNS) – Canola contracts on the ICE Futures Canada platform were trending lower Monday morning, weighed down by losses in vegetable oil. As cash bids for canola near the C$12 per bushel mark, farmer deliveries have increased, which dragged on values. The technical bias is […] Read more
North American Grains/Oilseed Review – Canola dips with profit-taking
By Dave Sims, Commodity News Service Canada Winnipeg, May 25 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished lower on Friday, as traders took profits before the weekend. Technical selling was a feature as the July contract momentarily neared major resistance at C$540 per tonne, before backing away. Rumours that China […] Read more
ICE canola mixed due to lower loonie and Prairie rains
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, May 25, 2018 (CNS Canada) – ICE Futures Canada canola contracts were mixed at midday Thursday, as a weak Canadian dollar was offset by rains across Western Canada. The weaker dollar is preventing canola from being dragged down by lower Chicago Board of Trade soybean oil […] Read more
ICE canola narrowly mixed Friday morning
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, May 25 (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed Friday morning, holding within a dollar or two of unchanged as participants squared positions ahead of the weekend. Weakness in the Canadian dollar provided underlying support, according to traders. Ongoing concerns over dryness in […] Read more
North American Grains/Oilseed Review – Canola firms with currency issues
By Dave Sims, Commodity News Service Canada Winnipeg, May 24 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished higher on Thursday, due to strong demand and weakness in the Canadian dollar. The Canadian dollar was roughly a third of a cent lower, relative to its American counterpart, which made canola more […] Read more
ICE canola taking support from soybeans
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, May 24, 2018 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Thursday, taking support from soybeans. Weakness in the Canadian dollar and a rally in soybean contracts on the Chicago Board of Trade lent support to the canola market. Canola is trading […] Read more
ICE canola testing resistance early Thursday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, May 24 (CNS Canada) – ICE Futures Canada canola contracts were stronger Thursday morning, as gains in the Chicago soy complex and weakness in the Canadian dollar provided support. Ongoing concerns over dryness in parts of Western Canada were also supportive, with many areas in need of […] Read more
North American Grains/Oilseed Review – Canola rises as CDN currency drops
By Dave Sims, Commodity News Service Canada Winnipeg, May 23 (CNS Canada) – The ICE Futures Canada canola market ended higher on Wednesday, due to action in the Canadian currency. The Canadian dollar was lower, relative to its U.S. counterpart, which made canola more attractive to international buyers. Gains in the U.S. soy complex were […] Read more
ICE canola up on weaker loonie
By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, May 23, 2018 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Wednesday, taking support from a weaker Canadian dollar. The Canadian dollar was down sharply over concerns about North American Free Trade Agreement negotiations and the fact that things aren’t moving forward. […] Read more