By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 14 (CNS Canada) – ICE Futures Canada canola contracts were posting small losses at midday Wednesday, as the market continued to see some consolidation after recent gains. Softness in Chicago Board of Trade soyoil futures and a firmer tone in the Canadian dollar contributed to the […] Read more
ICE canola posting small losses at midday
ICE Canola Dips with Soyoil
By Dave Sims, Commodity News Service Canada WINNIPEG, February 14 (CNS) – Canola contracts on the ICE Futures Canada platform were lower Wednesday morning, tracking weakness in U.S. soyoil. Farmer selling has ramped up in recent days, which was bearish for the market. China’s decision to refuse some recent shipments of U.S. soybeans weighed on […] Read more
North American Grain/Oilseed Review: Canola mixed at close
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 13 (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, backing away from earlier gains in the final minutes of trade. Gains in Chicago Board of Trade soybeans and soymeal futures provided spillover support for most of the day. Declining production […] Read more
ICE canola underpinned by soymeal rally
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 13 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Tuesday, as a rally in Chicago Board of trade soymeal provided support. Fund short-covering was a feature in canola, as traders were busy adjusting positions and exiting the nearby March contract before the […] Read more
ICE Canola Continues to Trend Higher
By Dave Sims, Commodity News Service Canada WINNIPEG, February 13 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, in follow-through buying. Gains in U.S. soybeans were supportive for canola. Recent weakness in the Canadian dollar made canola more enticing to international buyers. However, losses in vegetable oil limited the […] Read more
North American Grain/Oilseed Review: Canola hits two-month highs
By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, Feb. 12 (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Monday, taking some direction from a rally in Chicago Board of Trade soybeans. South American weather concerns provided the catalyst for the gains in beans, which spilled into the canola market. Chart-based buying […] Read more
ICE canola climbs with soybeans
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Feb. 12 (CNS Canada) – ICE Futures Canada canola contracts were stronger at midday Monday, as gains in Chicago Board of Trade soybeans spilled over to provide support. Recent weakness in the Canadian dollar was also supportive. Soybean fields in Argentina received less rainfall than expected over […] Read more
ICE Canola Tracks Soybeans Higher
By Dave Sims, Commodity News Service Canada WINNIPEG, February 12 (CNS) – Canola contracts on the ICE Futures Canada platform were stronger Monday morning, taking strength from gains in U.S. soybeans. Advances in vegetable oil markets helped contribute to the upside. Slow farmer sales and speculative buying were features of the morning’s activity. However, this […] Read more
North American Grains/Oilseed Review – Canola dips with soyoil
By Dave Sims, Commodity News Service Canada Winnipeg, February 9 (CNS Canada) – The ICE Futures Canada canola complex finished lower on Friday, tracking losses in U.S. soyoil. Fund selling was also a feature of the day. “It felt like we want to higher but there has been all this outside market carnage,” said a […] Read more
ICE Canola Rises with Fund Buying
By Dave Sims, Commodity News Service Canada WINNIPEG, February 9 (CNS) – Canola contracts on the ICE Futures Canada platform were higher with fund buying at 10:40 CST on Friday. “We are above the C$500 dollar mark (March contract) and the 50 day moving level,” said a trader in Winnipeg, accounting for the fund interest. […] Read more