By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 7 (CNS Canada) – ICE Canada canola contracts were mostly lower Thursday morning, after bouncing around both sides of unchanged in overnight activity. Prices were due for a corrective bounce after posting losses the previous three sessions. However, the advances proved short-lived and values retreated to […] Read more
ICE canola continues lower
North American Grains/Oilseed Review – Canola dips lower with fund action
By Dave Sims and Erin DeBooy, Commodity News Service Canada Winnipeg, July 6 – THE ICE Futures Canada canola market sunk lower as large funds continued to liquidate positions in the North American oilseed market. Canola posted losses in sympathy with US soybeans and the vegetable oil market. Technical selling was also a feature of […] Read more
ICE Canola Drops With Soy, Fund Liquidation
By Dave Sims, Commodity News Service Canada WINNIPEG, July 6 – Canola contracts on the ICE Futures Canada platform were weaker at 10:45 CDT on Wednesday, tracking losses in the US soy complex. Fund liquidation was also a key feature of the early activity, according to a Winnipeg-based analyst. “Funds coming into this week were […] Read more
ICE canola weaker as soybeans extend losses
By Jade Markus, Commodity News Service Canada WINNIPEG, July 6 – ICE Canada canola contracts were weaker in early activity on Wednesday, as sharp declines in Chicago Board of Trade soybeans continued. Soybeans moved lower on Wednesday, pressured by beneficial rains in the US Midwest. Favourable crop conditions across Western Canada added to canola’s losses. […] Read more
North American Grain/Oilseed Review: Canola/Soybeans down with fund selling
By Phil Franz-Warkentin and Erin DeBooy Commodity News Service Canada Winnipeg, July 5 (CNS Canada) – ICE Futures Canada canola contracts were down on Tuesday, as a fund sell-off in the Chicago Board of Trade soy complex spilled over to weigh on the market. Speculators liquidating long positions were behind much of the selling pressure […] Read more
ICE canola drops with soybeans as funds sell
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 5 (CNS Canada) – Canola contracts on the ICE Futures Canada platform were down sharply at midday Tuesday, as losses in the Chicago Board of Trade soy complex weighed on values. “The funds threw in the towel today,” said a broker on the heavy selling on […] Read more
Canola weaker with soybeans
By Jade Markus, Commodity News Service Canada WINNIPEG, July 5 – ICE Canada canola contracts were weaker in early activity on Tuesday, pressured by spillover losses from Chicago Board of Trade soybeans. Soybeans moved lower with beneficial rains in the US Midwest, which added pressure to the canola market. Malaysian palm oil closed weaker overnight, […] Read more
North American Grains/Oilseed Review – Canola dips under currency pressure
By Dave Sims, Commodity News Service Canada Winnipeg, July 4 – THE ICE Futures Canada canola market suffered modest losses in a sleepy trading session on Monday. The Canadian dollar was stronger relative to its US counterpart which made canola less attractive on the international market. US markets were closed in observance of Independence Day […] Read more
ICE Canola Drops With CDN Currency Action
By Dave Sims, Commodity News Service Canada WINNIPEG, July 4 – Canola contracts on the ICE Futures Canada platform were weaker at 10:45 CDT on Monday, due to action in the Canadian currency. The Canadian dollar was roughly half a cent higher relative to its US counterpart, which made canola less attractive to foreign buyers. […] Read more
ICE canola down in thin holiday trade
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, July 4 (CNS Canada) – ICE Canada canola contracts were weaker Monday morning in relatively quiet activity, as many participants kept to the sidelines with the US markets closed for Independence Day. CBOT soybeans and soyoil were down on Friday, when Canadian markets were closed for Canada […] Read more