By Dave Sims, Commodity News Service Canada WINNIPEG, October 21 – Canola contracts on the ICE Futures Canada platform were mixed at 10:35 CDT on Friday, as harvesting resumed in portions of Western Canada which offset gains in US soy. “The harvesting is happening mainly in the south, but the canola is coming off very […] Read more
ICE Canola Mixed As Harvest Pressure Counters Gains In Soy
ICE canola mostly stronger
By Jade Markus, Commodity News Service Canada WINNIPEG, October 21 – ICE Canada canola contracts were mixed, but mostly higher in early activity. The market was underpinned by losses in the Canadian dollar against its US counterpart Friday morning. A weaker loonie makes canola more appealing to international buyers. A stronger technical bias added to […] Read more
North American Grains/Oilseed Review – Canola weakens with US soy, improving weather
By Dave Sims, Commodity News Service Canada Winnipeg, October 20 – THE ICE Futures Canada canola market suffered losses on Thursday in sympathy with the US soy market. Favourable harvesting conditions are expected across much of the Prairies this weekend, which was bearish. “Harvest will kick in again on the Prairies this weekend. It will […] Read more
North American Grains/Oilseed Review: Canola weakens with US soy, improving weather
By Dave Sims, Commodity News Service Canada Winnipeg, October 20 – THE ICE Futures Canada canola market suffered losses on Thursday in sympathy with the US soy market. Favourable harvesting conditions are expected across much of the Prairies this weekend, which was bearish. “Harvest will kick in again on the Prairies this weekend. It will […] Read more
ICE Canola Mixed Due To Competing Currency, Soy Factors
By Dave Sims, Commodity News Service Canada WINNIPEG, October 20 – Canola contracts on the ICE Futures Canada platform were mixed at 10:35 CDT on Thursday, as downward pressure from the US soy market was countered by action in the Canadian currency. The loonie was lower relative to its US counterpart, which made canola more […] Read more
ICE canola gains
By Jade Markus, Commodity News Service Canada WINNIPEG, October 20 – ICE Canada canola contracts were mostly higher in early activity on Thursday. Spillover support from Chicago Board of Trade soybeans and a positive technical bias propped up the market in early activity. Weakness in the Canadian dollar was another bullish feature. However, losses in […] Read more
North American Grains/Oilseed Review: Canola climbs with widespread support
By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, October 19 – THE ICE Futures Canada canola market posted gains on Wednesday as weather concerns, technical support and stronger vegetable oil all propped up prices. Both front-month contracts broke through resistance at C$500 per tonne, on concerns that cold, wet weather would keep […] Read more
ICE Canola Rises With Veg Oil, Weather Issues
By Dave Sims, Commodity News Service Canada WINNIPEG, October 19 – Canola contracts on the ICE Futures Canada platform were higher at 10:45 CDT on Wednesday, following gains in the vegetable oil market. Concerns over the lagging harvest in Western Canada added to the strength, as many people are uncertain how much harvesting will get […] Read more
ICE canola gains
By Jade Markus, Commodity News Service Canada WINNIPEG, October 19 – ICE Canada canola contracts were higher on Wednesday, propped up by advances in the Chicago Board of Trade soy oil market. Soy oil gained, underpinned by overnight strength in the Malaysian palm oil market. Cold and wet weather in Western Canada continues to underpin […] Read more
North American Grains/Oilseed Review: Canola firms with harvest worries
By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, October 18 – THE ICE Futures Canada canola market finished higher Tuesday on ideas that snow and cold weather across Western Canada may prevent farmers from harvesting a large portion of the crop still on the field. Speculative buying was a feature as large […] Read more