By Dave Sims, Commodity News Service Canada WINNIPEG, November 24 – Canola contracts on the ICE Futures Canada platform were slightly lower Thursday morning, as traders took profits on the heels of yesterday’s sharp gains. Losses in European rapeseed futures contributed to the declines. The prospect of large crops across much of South America was […] Read more
ICE Canola Slightly Lower in Quiet Trading
North American grain/oilseed review: Canola sees sharp gains
By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada ICE Futures Canada canola ended higher on Wednesday, underpinned by advances in US vegetable oil markets. Chicago Board of Trade soy oil advanced more than six per cent in the December contract on Wednesday, which provided spillover support to canola. Soy oil was propped up […] Read more
ICE canola advances with soy oil
By Jade Markus, Commodity News Service Canada WINNIPEG, November 23 – ICE Canada canola contracts were sharply higher at midday on Wednesday, tracking gains in Chicago Board of Trade soy oil. CBOT soy oil advanced on Wednesday, as the Environmental Protection Agency (EPA) released a 2017 blending mandate higher than investors had expected. “It’s turning […] Read more
ICE Canola Declines Following US Soy
By Dave Sims, Commodity News Service Canada WINNIPEG, November 23 – Canola contracts on the ICE Futures Canada platform were lower Wednesday morning, weighed down by losses in the US soy complex. Losses in crude oil and European rapeseed futures added to the declines. Prospects for a big crop in South America were also bearish […] Read more
North American grain/oilseed review: Canola edges down
By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada ICE Futures Canada canola ended weaker on Tuesday, pressured by increased farmer-selling and weakness in other vegetable oil markets. Producers have been waiting for rallies in canola, market watchers say, and Monday’s advances caused increased selling. Losses in the Chicago Board of Trade soy oil […] Read more
ICE canola lower with producer sales, but up from lows
By Jade Markus, Commodity News Service Canada WINNIPEG, November 22 – ICE Canada canola contracts were weaker at midday on Tuesday, moving lower with increased farmer-selling after gains in the previous session. “Hedges—some farmer-selling coming into the market, and maybe some profit-taking,” said one Winnipeg-based trader. He added that investors are taking profits ahead of […] Read more
ICE Canola Weakens Tracking US Soy
By Dave Sims, Commodity News Service Canada WINNIPEG, November 22 – Canola contracts on the ICE Futures Canada platform were lower Tuesday morning, due to currency issues and weakness in the US soy complex. The Canadian dollar was stronger relative to its US counterpart, which made canola less attractive to foreign buyers Prospects for a […] Read more
North American grain/oilseed review: Canola ends higher
By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, November 21 – ICE Futures Canada canola ended higher on Monday, underpinned by sharp gains in oilseed markets south of the border. Chicago Board of Trade soybeans, soymeal and soyoil advanced, buoyed by speculative buying and spillover support from Malaysian palm oil. Ideas that […] Read more
ICE canola stronger following soybeans
By Jade Markus, Commodity News Service Canada WINNIPEG, November 21 – ICE Canada canola contracts were stronger at midday on Monday, propped up by advances in the Chicago Board of Trade soybean market. “We’ve got some speculative money ticking in the beans again, which they’ve been doing on and off for a while now,” said […] Read more
ICE Canola Firms With Vegetable Oil
By Dave Sims, Commodity News Service Canada WINNIPEG, November 21 – Canola contracts on the ICE Futures Canada platform were higher Monday morning, following gains in the vegetable oil market. Gains in the US soy complex, contributed to the upside. Commercial demand was solid, underpinning prices. There are ideas that as much as one million […] Read more