By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada ICE Futures Canada canola ended end stronger on Wednesday, following advances in Chicago Board of Trade soybeans and soy oil. US markets gained with support from strong demand. Market-speculation about the size of the upcoming crop kept a weather premium in the market, as some […] Read more
North American grain/oilseed review: Canola follows soybeans higher
ICE canola gains with soy complex, weaker Canadian dollar
By Jade Markus, Commodity News Service Canada WINNIPEG, August 17 – ICE Canada canola contracts were stronger at midday on Wednesday, following advances in the US soy complex. Chicago Board of Trade soybeans, soy meal, and soy oil gained on Wednesday, underpinned by strong demand and chart support. Losses in the Canadian dollar against its […] Read more
ICE canola moving up with soyoil
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 17 (CNS Canada) – ICE Canada canola contracts were stronger Wednesday morning, with advances in outside vegetable oil markets providing some support. Chicago Board of Trade soyoil futures were posting good gains in early activity, while Malaysian palm oil was up overnight. A weaker tone in […] Read more
North American grain/oilseed review: Canola ends lower
By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada ICE Futures Canada canola ended weaker on Tuesday, pressured by advances in the Canadian dollar. The loonie had gained about half a cent against its US counterpart by close on Tuesday, following six sessions of gains. A stronger Canadian dollar is bearish for canola values, […] Read more
ICE canola weaker at midday
By Jade Markus, Commodity News Service Canada WINNIPEG, August 16 – ICE Canada canola contracts were weaker at midday on Tuesday, but were able to recover from earlier losses. Concerns about reduced demand from China amid an upcoming dockage rule change, and steady advances in the Canadian dollar pressured the market on Tuesday. As of […] Read more
ICE canola down early
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 16 (CNS Canada) – ICE Canada canola contracts were weaker Tuesday morning, retreating from Monday’s gains. A softer tone in the Chicago Board of Trade soy complex to start the day, along with strength in the Canadian dollar, contributed to the early selling pressure in canola, […] Read more
North American grain/oilseed review: Canola ends higher
By Jade Markus and Phil Franz-Warkentin, Commodity News Service Canada ICE Futures Canada canola ended higher on Monday, underpinned by gains in Chicago Board of Trade soybeans and soy oil. CBOT soybeans and soy oil advanced despite large production numbers from the United States Department of Agriculture, as strong demand estimates kept prices above key […] Read more
ICE canola gains alongside US soybeans
By Jade Markus, Commodity News Service Canada WINNIPEG, August 15 (CNS Canada) – ICE Canada canola contracts were stronger at midday on Monday, tracking advances in Chicago Board of Trade soybeans. Canola gathered spillover support from CBOT soybeans despite large production numbers from the United States Department of Agriculture (USDA). “The follow-through today is a […] Read more
ICE canola up with soybeans early
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Aug. 15 (CNS Canada) – ICE Canada canola contracts were stronger Monday morning, finding some support from the advances in the Chicago Board of Trade soy complex. Solid end-user demand and supportive technical signals contributed to the early gains in canola, according to participants. The need to […] Read more
North American Grains/Oilseed Review – Canola ends mixed after report
By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, August 12 – THE ICE Futures Canada canola market finished mixed on Friday, in the wake of a bearish report from the United States Department of Agriculture. The USDA pegged soybean production this year at 4.06 billion bushels, with yields of almost 49 bushels […] Read more