ICE Canada Review: Canola Lower On Ideas It’s Overbought By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, May 24 – THE ICE Futures Canada canola market finished lower on Tuesday, taking direction from the weaker US soy complex and on ideas the market was overbought. Rain fell over the past few days […] Read more

Canola contracts on the ICE Futures Canada platform were weaker at 10:40 CDT on Tuesday, on ideas the market was overbought. “Canola was due for a correction. It got trapped way too high after Friday’s close,” said a Winnipeg-based trader. The Canadian dollar was higher relative to its US counterpart which made canola less attractive […] Read more

By Jade Markus, Commodity News Service Canada WINNIPEG, MB, May 24, 2016 – ICE Canada canola contracts were weaker in early activity on Tuesday, feeling spillover pressure from losses in Chicago Board of Trade soybeans. Due to unfavourable corn seeding conditions, many US farmers are expected to switch acres to soybeans this year, which is […] Read more

By Phil Franz-Warkentin and Jade Markus, Commodity News Service Canada Winnipeg, May 20 (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Friday, after bouncing around both sides of unchanged in choppy activity as speculators were on the buy-side ahead of the long weekend. Canadian markets will be closed Monday, May 23, […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, May 20 (CNS Canada) – Canola contracts on the ICE Futures Canada platform were mostly weaker at midday Friday, retreating from earlier gains as losses in CBOT soyoil weighed on values. Bearish technical signals contributed to the selling pressure in canola, as traders adjusted positions ahead of […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, May 20 – Canola contracts on the ICE Futures Canada platform were higher at 8:55 CDT on Friday, taking strength from gains in US soybeans. Malaysian palm oil futures and crude oil were both stronger which buoyed the canola market. The Canadian dollar was relatively weak compared […] Read more

By Jade Markus, Commodity News Service Canada Winnipeg, May 19 (CNS Canada) – ICE Futures Canada canola contracts ended mixed, but mostly lower, on Thursday as losses in Chicago Board of Trade soybeans and soy oil continued to pressure the market. US soybean markets lost ground on Thursday as gains in the country’s currency, and […] Read more

By Jade Markus, Commodity News Service Canada WINNIPEG, May 19 – ICE Canada canola contracts were weaker on Thursday, pressured by spillover losses in Chicago Board of Trade soybeans and soy oil. The psychology in US markets shifted overnight, one US trader said, as the greenback gained, which caused traders to flush-out the market. “The […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, May 19 (CNS Canada) – ICE Canada canola contracts were weaker Thursday morning, as traders took profits after Wednesday’s gains. Losses in CBOT soybeans and soyoil spilled over to weigh on canola, amid ideas that Wednesday’s late bounce in the Canadian oilseed was overdone. Malaysian palm oil […] Read more

By Phil Franz-Warkentin and Jade Markus, Commodity News Service Canada Winnipeg, May 18 (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Wednesday, despite losses in the Chicago soy complex, as speculative buying provided support. Ideas that canola was looking underpriced compared to soybeans, after lagging soybeans to the upside on Tuesday, […] Read more