By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 27 (CNS Canada) – Canola contracts on the ICE Futures Canada platform were up sharply at midday Monday, seeing a corrective bounce after last week’s large declines. Oversold price sentiment, end-user bargain hunting, and spillover support from the rally in the Chicago soy complex all contributed […] Read more
ICE Canola Sees Corrective Bounce
ICE Canola Tracks Soy Higher Amid Brexit Hangover
By Dave Sims, Commodity News Service Canada WINNIPEG, June 27 – Canola contracts on the ICE Futures Canada platform were higher Monday morning, tracking advances in the US soy complex. There are ideas the market is oversold, according to a report. Gains in European rapeseed futures contributed to the upside. The Canadian dollar is still […] Read more
North American Grains/Oilseed Review – Canola Dips Under Brexit Pressure
By Jade Markus and Dave Sims, Commodity News Service Canada Winnipeg, June 24 (CNS Canada) – ICE Futures Canada canola ended lower on Friday, as a broad commodity sell-off pressured the market. Many markets saw a sharp sell-off in the aftermath of a ‘leave’ vote from Britons in a recent referendum. Spillover weakness from Chicago […] Read more
North American Grains/Oilseed Review – Canola Dips Under Brexit Pressure
By Jade Markus and Dave Sims, Commodity News Service Canada Winnipeg, June 24 (CNS Canada) – ICE Futures Canada canola ended lower on Friday, as a broad commodity sell-off pressured the market. Many markets saw a sharp sell-off in the aftermath of a ‘leave’ vote from Britons in a recent referendum. Spillover weakness from Chicago […] Read more
ICE canola drops post-Brexit
By Jade Markus, Commodity News Service Canada WINNIPEG, June 24 – ICE Canada canola contracts moved lower on Friday, feeling general downward pressure from Brexit and losses in Chicago Board of Trade soybeans. Britons voted to leave the European Union in a referendum, and the following uncertainty had a bearish effect on many equity and […] Read more
ICE Canola Drops Following Brexit Vote
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 24 (CNS Canada) – ICE Canada canola contracts were weaker Friday morning, as commodity markets reacted to the results of the British referendum on leaving the European Union. The United Kingdom voted 52 to 48 per cent in favour of leaving the EU, which came as […] Read more
US grain and oilseed review: Canola declines with advances in Canadian dollar
By Jade Markus and Dave Sims, Commodity News Service Canada ICE Futures Canada canola ended lower on Thursday, pressured by gains in the Canadian dollar ahead of a key decision from Britain. The commodity-linked Canadian dollar gained with crude oil prices, and reduced likelihood that Britain will leave the European Union. A ‘remain’ vote in […] Read more
ICE canola lower with fund-selling
By Jade Markus, Commodity News Service Canada WINNIPEG, June 23 – ICE Canada canola contracts moved lower on Thursday, as liquidation from spec funds continued to pressure the market. Positioning ahead of Statistics Canada’s next acreage report, due out June 29, was also a feature on Wednesday, one Winnipeg-based trader said. Gains in the Canadian […] Read more
ICE Canola Down Again
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 23 (CNS Canada) – ICE Canada canola contracts were weaker Thursday morning, continuing their trend of the past week as bearish technical signals and good North American weather conditions weighed on values. Early strength in the Canadian dollar added to the softer tone in canola, according […] Read more
North American grain/oilseed review: Canola ends mixed
By Jade Markus and Dave Sims, Commodity News Service Canada ICE Futures Canada canola ended mixed on Wednesday as fund-selling pressured front contracts. Canola’s technical bias is to the downside, which has spurred a round of investor-selling. Favourable crop conditions across most of Western Canada added pressure to the market. Volatility in the Canadian dollar […] Read more