Archives

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, August 13 – Canola contracts on the ICE Futures Canada platform were holding onto small gains at midday Thursday, although activity was subdued as participants continued to digest Wednesday’s bearish USDA production data. Canola dropped sharply in sympathy with CBOT soybeans on Wednesday, as the USDA unexpectedly […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, August 13 – ICE Canada canola contracts corrected higher Thursday morning, as the market recouped some of the massive losses suffered in the previous session. Gains in CBOT soybeans and European rapeseed futures were also bullish for the market. The Canadian dollar was lower relative to its […] Read more

By Phil Franz-Warkentin and Dave Sims, Commodity News Service Winnipeg, August 12 – ICE Futures Canada canola contracts were down sharply on Wednesday, hitting their weakest levels in two months as traders reacted to a bearish USDA production report. The USDA raised its yield and production estimates for this year’s US soybean crop. That came […] Read more

By Commodity News Service Canada. Winnipeg, August 12 – The Canadian dollar was sharply higher against its US counterpart at midday Wednesday, after the Chinese yuan fell again. The Canadian dollar was at US$0.7705 or US$1 = C$1.2978 at 11:50 CDT Wednesday morning. Marked-based countries around the world were under pressure Wednesday, as the Chinese […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, August 12 – Canola contracts on the ICE Futures Canada platform were lower at midday Wednesday, as strength in the Canadian dollar and losses in the CBOT soy complex both weighed on values. The Canadian currency jumped by nearly a cent relative to its US counterpart on […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, August 12 – ICE Canada canola contracts were mostly lower Tuesday morning, feeling pressure from the Canadian dollar. The loonie was higher relative to its US counterpart which made canola less attractive to out-of-country buyers. Losses in CBOT soybean oil, Malaysian palm oil and European rapeseed futures […] Read more

By Phil Franz-Warkentin and Dave Sims, Commodity News Service Winnipeg, August 11 – ICE Futures Canada canola contracts were weaker on Tuesday, taking some direction from a downturn in the CBOT soy complex. A move by China to devalue its currency weighed on the US grains and oilseeds across the board, which spilled over to […] Read more

By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, August 11 – Canola contracts on the ICE Futures Canada platform were lower at midday Tuesday, seeing a modest correction following Monday’s gains. A downturn in the CBOT soy complex, triggered in part by a move by China to devalue its currency, contributed to the softer tone […] Read more

By Dave Sims, Commodity News Service Canada WINNIPEG, August 11 – ICE Canada canola contracts were mostly lower Tuesday morning, in sympathy with the US soy complex. Traders were positioning themselves ahead of the release of the USDA World Agricultural Supply and Demand estimates which are due to be released on Wednesday, August 12. It […] Read more

By Phil Franz-Warkentin and Dave Sims, Commodity News Service Winnipeg, August 10 – ICE Futures Canada canola contracts were stronger on Monday, taking most of their direction from a rally in the CBOT soy complex. The USDA releases its first survey based estimates on the size of the US soybean and corn crops on Wednesday, […] Read more