By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sept. 14 (CNS Canada) – ICE Canada canola contracts were mixed Wednesday morning, as the market stabilized within a narrow range in early activity after posting declines the previous two sessions. Weather uncertainty in some parts of Western Canada, with overnight lows nearing the freezing mark in […] Read more
ICE canola holding steady in early trade
North American Grains/Oilseed Review – Canola dips with veg oil
By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, September 13 – THE ICE Futures Canada canola market drifted slightly lower on Tuesday, pressured by weakness in vegetable oil, crude oil and the lingering effects of yesterday’s USDA production report. The USDA predicted that US soybean production and ending stocks would both rise […] Read more
ICE Canola Declines Tracking Vegetable Oil
By Dave Sims, Commodity News Service Canada WINNIPEG, September 13 – Canola contracts on the ICE Futures Canada platform were lower at 10:35 CDT on Tuesday, tracking losses in the vegetable oil market. Declines in Chicago Board of Trade soybeans also weighed down values, according to a Winnipeg-based trader. “We’re seeing crush margins drop seven […] Read more
ICE Canola Consolidates In Mixed Range Early
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sept. 13 (CNS Canada) – ICE Canada canola contracts were narrowly mixed Tuesday morning, although the bias was slightly lower as the market saw some consolidation after Monday’s sharp losses. Canola dropped in sympathy with the Chicago Board of Trade soy complex on Monday, as the USDA’s […] Read more
North American Grains/Oilseed Review: Canola Weakens After USDA Report
By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, September 12 – THE ICE Futures Canada canola market suffered losses on Monday, as a bearish report from the United States Department of Agriculture weighed down the US soy complex. The USDA hiked its forecast for US soybean production and ending stocks in 2016/17, […] Read more
ICE Canola Sinks Tracking Soy Oil
By Dave Sims, Commodity News Service Canada WINNIPEG, September 12 – Canola contracts on the ICE Futures Canada platform were weaker at 10:30 CDT on Monday, feeling pressure from declines in US soy oil. European rapeseed futures were also lower, which added to the bearish tone. Traders may be shying away from making any serious […] Read more
ICE canola down early, awaiting USDA report
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sept. 12 (CNS Canada) – ICE Canada canola contracts were slightly lower Monday morning, although activity was thin and choppy as participants kept to the sidelines ahead of the US Department of Agriculture monthly supply/demand reports. The USDA is set to release its numbers at 11:00 CDT, […] Read more
North American grain/oilseed review
By Jade Markus and Erin DeBooy, Commodity News Service Canada Winnipeg, September 9 (CNS Canada) – ICE Futures Canada canola ended stronger on Friday, supported by losses in the Canadian dollar. The loonie plummeted throughout the day, shedding close to one per cent against its US counterpart by close, which is bullish. Gains in the […] Read more
ICE canola gains in currency-based trade
By Jade Markus, Commodity News Service Canada WINNIPEG, MB, September 9, 2016 (CNS Canada) – ICE Canada canola contracts were stronger at midday, propped up by sharp declines in the Canadian dollar. The loonie lost ground against its US counterpart on Friday, tracking weakness in the crude oil market, which is bullish for canola, as […] Read more
ICE Canola Down Early
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Sept. 9 (CNS Canada) – ICE Canada canola contracts were slightly lower Friday morning, as the market continued to feel pressure from Wednesday’s bearish Statistics Canada stocks report. The larger-than-expected old crop canola carryout, coupled with StatsCan’s upward revision to the 2015/16 crop, has most market participants […] Read more