Archives

By Dave Sims, Commodity News Service Canada Winnipeg, April 23 (CNS Canada) – The ICE Futures Canada canola market finished higher on Monday, as weakness in the Canadian dollar made canola more attractive to international buyers. Spreading was a main feature of the day as investors continued to exit the front-month contract in favour of […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, April 23 (CNS) – Canola contracts on the ICE Futures Canada platform were softer at midday Monday, tracking declines in vegetable oil markets. Canola is getting quite expensive relative to other oilseeds. “Exports are running behind last year and the crush is running behind last year,” noted […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 23 (CNS Canada) – ICE Futures Canada canola contracts were stronger Monday morning, recovering from overnight declines as weakness in the Canadian dollar provided support. Short-covering in the nearby May contract was also supportive, helping pull the more deferred positions up with it as traders exit […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 20 (CNS Canada) – ICE Futures Canada canola contracts bounced off their session lows in the final minutes of trade to settle narrowly mixed as the market consolidated ahead of the weekend. After posting sharp gains on Thursday, canola was looking a bit overdone to the […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 20 (CNS Canada) – ICE Futures Canada canola contracts were mixed at midday Friday, although the bias was lower in the most active contracts amid ideas that Thursday’s rally was overdone. Losses in Chicago Board of Trade soybeans pressured values, as recent activity in canola was […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, April 20 (CNS) – Canola contracts on the ICE Futures Canada platform were correcting lower Friday morning in the wake of yesterday’s sharp gains. Weakness in the Chicago soy complex also weighed on values. There are ideas the market is overbought. As well, the price of canola […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 19 (CNS Canada) – ICE Futures Canada canola contracts were up sharply on Thursday, as speculative short-covering, solid end user demand, and weakness in the Canadian dollar all provided support. A looming strike at Canadian Pacific Rail provided the catalyst for the speculative short-covering that drove […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 19 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Thursday, as speculative short-covering ahead of the month-end provided support. “Shorts are panicking and trying to get rid of it ahead of the first notice day,” said a broker. A looming strike at […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, April 19 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Thursday morning with speculative buying. Demand for canola exports out of the West Coast remained firm, possibly a sign of increased buying from China. Temperatures across the Prairies are starting to warm up […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, April 18 (CNS Canada) – ICE Futures Canada canola contracts were stronger on Wednesday, boosted by weakness in the Canadian dollar and solid export demand. The Bank of Canada’s cautious outlook, following an announcement it was keeping interest rates unchanged for now, sparked a selloff in the […] Read more