By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, May 27 – THE ICE Futures Canada canola market finished mixed Friday, as spread-based action pushed the front-month contract below unchanged while the more-deferred contracts picked up modest gains. Traders were also adjusting positions ahead of the Memorial Day long weekend in the US. […] Read more
ICE Canada Review: Canola ends mixed on spread-based trade
ICE Canola Drifts Lower on Spread Selling
Canola contracts on the ICE Futures Canada platform were lower at 10:40 CDT on Friday, as traders exited the July contract in favour of the more deferred values. “Soybeans are up, down and sideways, meal is under pressure. Are we done with that crazy rally? Canola is caught in the middle, watching the US market […] Read more
ICE canola gathers support from falling loonie
By Jade Markus, Commodity News Service Canada WINNIPEG, May 27 – ICE Canada canola contracts were stronger in early activity on Friday, propped up by declines in the Canadian dollar. The loonie lost ground against its US counterpart Friday morning, pressured by weaker crude oil prices and favourable US GDP data. A lower Canadian dollar […] Read more
ICE Canada Review: Canola drops with spec selling
By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, May 26 – THE ICE Futures Canada canola market suffered losses on Thursday, due to speculative selling. Losses in US soyoil and soybeans helped weigh down the market. Wet weather across Western Canada has partially alleviated concerns over excess dryness, according to a report. […] Read more
ICE Canola Declines Tracking Soyoil
By Dave Sims, Commodity News Service Canada WINNIPEG, May 26 – Canola contracts on the ICE Futures Canada platform were lower at 10:40 CDT on Thursday, following losses in Chicago Board of Trade soyoil. Declines in CBOT soybeans and crude oil added to the bearish tone. Wet weather in Western Canada has reduced concerns over […] Read more
ICE canola mostly lower, feeling pressure from loonie
By Jade Markus, Commodity News Service Canada WINNIPEG, May 26 – ICE Canada canola contracts were mixed, but mostly lower, in early activity on Thursday, pressured by advances in the Canadian dollar. The loonie gained ground against its US counterpart, which pressured canola by making the commodity less appealing to international buyers. Beneficial rains in […] Read more
North American Grains/Oilseed Update – Canola Rises With US Soy
By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, May 25 – THE ICE Futures Canada canola market finished higher on Wednesday, pushed upward by steep gains in the US soy complex. Strength in crude oil and Malaysian palm oil underpinned the market. Slow farmer selling contributed to the upside as well, said […] Read more
ICE Canola Rises, Tracking US Soy
By Dave Sims, Commodity News Service Canada WINNIPEG, May 25 – Canola contracts on the ICE Futures Canada platform were higher at 10:40 CDT on Wednesday, taking strength from gains in the US soy complex. “Soymeal is screaming higher which is supporting the crush margins, even though the Canadian dollar is higher,” said a Winnipeg-based […] Read more
ICE canola regains strength
By Jade Markus, Commodity News Service Canada WINNIPEG, May 25 – ICE Canada canola contracts were stronger in early activity on Wednesday, gathering spillover buying from Chicago Board of Trade soybeans. CBOT soybeans gained back ground Wednesday morning as concerns about crop-loss in Argentina re-entered the market as the country heads into harvest. Commercial buying […] Read more
Global markets: China to up fuel prices
By Commodity News Service Canada WINNIPEG, May 25 – The following is a glance at the news moving markets globally. CHINA TO RAISE DOMESTIC FUEL PRICES China will increase domestic gasoline and diesel prices starting Thursday, according to reports out of the country on Wednesday. Gasoline prices will increase by 210 yuan, or C$42, per […] Read more