By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 13 (CNS Canada) – ICE Futures Canada canola contracts were posting small losses Friday morning, as bearish technical signals had speculators on the sell side heading into the weekend. Early losses in Chicago Board of Trade soybeans and a firm tone in the Canadian dollar put […] Read more
ICE canola weaker Friday morning
North American Grains/Oilseed Review – Canola bounces around in consolidative trade
By Dave Sims, Commodity News Service Canada Winnipeg, April 12 (CNS Canada) – The ICE Futures Canada canola market ended mixed in narrow trading on Thursday, as values pushed and pulled in technical trade after losses earlier in the week. Weakness in the Canadian dollar and advances in the U.S. soy complex lent support to […] Read more
ICE Canada Review: Canola bounces around in consolidative trade
By Dave Sims, Commodity News Service Canada Winnipeg, April 12 (CNS Canada) – The ICE Futures Canada canola market ended mixed in narrow trading on Thursday, as values pushed and pulled in technical trade after losses earlier in the week. Weakness in the Canadian dollar and advances in the U.S. soy complex lent support to […] Read more
ICE Canola Mixed with Technical Positioning
By Dave Sims, Commodity News Service Canada WINNIPEG, April 12 (CNS) – Canola contracts on the ICE Futures Canada platform were mixed at midday Thursday, as traders were exiting the May contract in search of more attractive positions. “Some guys are going right from May to November,” noted a trader in Winnipeg. Gains in the […] Read more
ICE canola edges higher Thursday morning
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 12 (CNS Canada) – ICE Futures Canada canola contracts were holding onto small gains Thursday morning, seeing a modest correction following recent declines. After dropping sharply the past two sessions, canola was starting to look a little overdone to the downside, according to participants. Gains in […] Read more
North American Grains/Oilseed Review – Canola sinks with vegetable oil
By Dave Sims, Commodity News Service Canada Winnipeg, April 11 (CNS Canada) – The ICE Futures Canada canola market drifted lower on Wednesday, dragged down by losses in vegetable oil and some technical selling. Recent strength in the Canadian dollar also weighed on values as it made canola less enticing to international buyers. The dominant […] Read more
ICE Canola Declines Following Vegetable Oil
By Dave Sims, Commodity News Service Canada WINNIPEG, April 11 (CNS) – Canola contracts on the ICE Futures Canada platform were lower at midday Wednesday, tracking losses in vegetable oil markets. Strength in the Canadian dollar was bearish for values. Speculators were liquidating long positions, which undermined values, according to an analyst. Canola remains pricey […] Read more
ICE canola narrowly mixed Wednesday morning
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, April 11 (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed Wednesday morning, seeing some consolidation amid conflicting outside influences. While early gains in Chicago Board of Trade soybeans provided some spillover support, soyoil futures were softer to start the day. Bearish nearby technical signals […] Read more
North American Grains Oilseed Review – Canola softens with currency issues
By Dave Sims, Commodity News Service Canada WINNIPEG, Apr. 10 (CNS) – The ICE Futures Canada canola market finished lower on the day, weighed down by strength in the Canadian dollar. Thoughts the market was overbought also dragged down prices. In its latest supply and demand report that was released today, the USDA forecast a […] Read more
ICE Canola Weakens Ahead of Report
By Dave Sims, Commodity News Service Canada WINNIPEG, April 10 (CNS) – Canola contracts on the ICE Futures Canada platform were lower at midday Tuesday, as traders positioned themselves against the USDA monthly supply and demand report. Strength in the Canadian dollar was bearish for values. The front-month May contract fell below the C$530 per […] Read more