By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 24 (CNS Canada) – ICE Canada canola contracts were stronger on Wednesday, seeing some follow-through buying interest after Tuesday’s firmer close. Statistics Canada pegged the country’s canola production at 17 million tonnes in a report on Tuesday, which was at the low end of trade guesses […] Read more
ICE Canola Continues Higher
North American Grains/Oilseed Review: Canola Gains After StatsCan Report
By Dave Sims and Erin DeBooy, Commodity News Service Canada Winnipeg, August 23 – THE ICE Futures Canada canola market posted modest gains in the wake of Tuesday’s crop estimates compiled by Statistics Canada. The agency pegged this year’s canola crop production at just over 17 million tonnes, which was below what most analysts had […] Read more
ICE Canola Sees Slight Rise After StatsCan Report
By Dave Sims, Commodity News Service Canada WINNIPEG, August 23 – Canola contracts on the ICE Futures Canada platform were higher at 10:35 CDT on Tuesday, taking strength from gains in soyoil and Malaysian palm oil. The market also received a slight bump after this morning’s release of Statistics Canada’s crop production estimates. The agency […] Read more
ICE canola buoyed by production estimates
By Jade Markus, Commodity News Service Canada WINNIPEG, August 23 – ICE Canada canola contracts were stronger Tuesday morning, as Statistics Canada production estimates came in at the low end of analyst-expectations. Statistics Canada pegged canola production at 17 million metric tonnes. Industry estimates collected by CNS Canada were between 15.9 and 20 million metric […] Read more
North American Grains/Oilseed Review – Canola firms ahead of report
By Dave Sims and Erin DeBooy, Commodity News Service Canada Winnipeg, August 22 – THE ICE Futures Canada canola market finished higher on Monday, as traders positioned themselves ahead of the release of Tuesday’s canola crop estimates report, compiled by Statistics Canada. The Canadian dollar was lower compared to its US counterpart, which made canola […] Read more
North American Grains/Oilseed Review – Canola firms ahead of report
By Dave Sims and Erin DeBooy, Commodity News Service Canada Winnipeg, August 22 – THE ICE Futures Canada canola market finished higher on Monday, as traders positioned themselves ahead of the release of Tuesday’s canola crop estimates report, compiled by Statistics Canada. The Canadian dollar was lower compared to its US counterpart, which made canola […] Read more
ICE Canola Advances With Commercial Buying, Currency Action
By Dave Sims, Commodity News Service Canada WINNIPEG, August 22 – Canola contracts on the ICE Futures Canada platform were stronger at 10:35 CDT on Monday, as some commercials bought contracts ahead of tomorrow’s Statistics Canada crop estimates. “Canola is finding another round of buying interest. We’ve seen that the past couple of days,” said […] Read more
ICE canola mixed to start the week
By Jade Markus, Commodity News Service Canada WINNIPEG, August 22 – ICE Canada canola contracts were mixed in choppy trade in early activity on Monday. The market was pressured by losses in the Chicago Board of Trade soy oil market. CBOT soy oil declined Monday morning, following overnight weakness in Malaysian palm oil, which had […] Read more
North American grain/oilseed review: Canola mixed, but mostly higher
By Jade Markus and Dave Sims, Commodity News Service Canada Winnipeg, August 19 – ICE Futures Canada canola ended mixed—but mostly stronger—on Friday, as weakness in the Canadian dollar balanced bearish influences from US soy markets. The loonie had lost about 0.72 per cent against its US counterpart by close on Friday, which is bullish […] Read more
ICE canola gains with weaker Canadian dollar
By Jade Markus, Commodity News Service Canada WINNIPEG, August 19 – ICE Canada canola contracts were stronger at midday on Friday, as losses in the Canadian dollar underpinned values. The loonie lost ground against its US counterpart, tracking crude oil futures, which is bullish for canola as it makes the commodity more appealing to international […] Read more