By Jade Markus, Commodity News Service Canada WINNIPEG, June 22 – ICE Canada canola contracts moved slightly higher on Wednesday, sluggishly following advances in Chicago Board of Trade soy markets. “It’s kind of quiet, we’ve got the US markets pushing higher today,” said one Winnipeg-based trader. US soy markets gained as a drier long-term forecast […] Read more
ICE canola up with US soybeans
ICE canola correcting higher
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 22 (CNS Canada) – ICE Canada canola contracts were stronger Wednesday morning, seeing a correction after dropping sharply the previous two sessions. The most active November contract bounced off of its 100-day moving average, which was supportive from a chart standpoint. End-user bargain hunting, gains in […] Read more
North American grain/oilseed review: Canola, soy end lower
By Jade Markus and Dave Sims, Commodity News Service Canada Winnipeg, June 21 (CNS Canada) – ICE Futures Canada canola contracts ended lower on Tuesday, pressured by traders leaving positions. Traders started liquidating their positions as favorable crop conditions in Western Canada curbed speculative buying. Some areas are too wet, analysts say, but overall, crop […] Read more
ICE canola lower as traders exit positions
By Jade Markus, Commodity News Service Canada WINNIPEG, June 21 – ICE Canada canola contracts moved lower on Tuesday, as traders liquidated long positions. Investors started flushing money out of Chicago Board of Trade soybeans, which caused greater losses in canola, since the market is thinner. “When it flushes, it flushes a lot faster than […] Read more
ICE canola down with follow-through selling
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 21 (CNS Canada) – ICE Canada canola contracts were down Tuesday morning, seeing some follow-through selling pressure after dropping below nearby support on Monday. The most active new crop November contract was below the psychological C$500 per tonne level in early activity, hitting its lowest levels […] Read more
ICE Canada Review: Canola Sinks As Selling Builds On Itself
By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, June 20 – THE ICE Futures Canada canola market suffered steep losses Monday, as the front-month contracts sunk below major support levels which triggered additional selling. The Canadian dollar was stronger relative to its US counterpart which made canola less attractive to international buyers. […] Read more
ICE Canola Drops With Soy
By Dave Sims, Commodity News Service Canada WINNIPEG, June 20 – Canola contracts on the ICE Futures Canada platform were weaker at 10:40 CDT on Monday, tracking losses in the US soy market and the stronger Canadian currency. The Canadian dollar was higher relative to its US counterpart, which made canola more attractive to domestic […] Read more
ICE canola down near support early Monday
By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, June 20 (CNS Canada) – ICE Canada canola contracts were down Monday morning, hitting their lowest levels in three weeks as losses in the CBOT soy complex and firmness in the Canadian dollar weighed on values. Relatively favourable crop conditions across most of Western Canada and the […] Read more
North American Grains/Oilseed Review – Canola rises as soy offsets C$
By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, June 17 – THE ICE Futures Canada canola market chalked up gains Friday, as advances in US soy outweighed the bearish influence of the Canadian currency. Crude oil and the vegetable oil market were both higher which was supportive for canola. Traders were positioning […] Read more
ICE Canola Firms Tracking US Soy
By Dave Sims, Commodity News Service Canada WINNIPEG, June 17 – Canola contracts on the ICE Futures Canada platform were higher at 10:40 CDT on Friday, following advances in the US soy complex. Both crude oil and the vegetable oil market were also higher which buoyed canola, according to a report. There are ideas yesterday’s […] Read more