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Futures

Futures

North American Grain and Oilseed Review: Canola up due to stronger CBOT beans, oil

Weaker greenback boosts CBOT prices

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By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were higher on Tuesday having recovered most of yesterday’s losses. Higher values for Chicago soybeans and soyoil contributed to a boost in canola, as did higher European rapeseed. However, Malaysian palm oil was lower today. A stronger Canadian dollar kept […] Read more
Futures

ICE Canola Midday: Prices bouncing back from Monday’s losses

Stronger loonie tempering further gains

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By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – ICE Futures canola contracts were higher at midday Tuesday, taking back yesterday’s losses. A Winnipeg-based trader said that’s largely due to a stronger Chicago soy complex, which is getting support from China buying soybeans from the United States. He noted “a massive pop in the Canadian […] Read more
Futures

North American Grain and Oilseed Review: Canola takes Memorial Day drop

Chicago trading resumes at 7 Central

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By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday amid light volumes of trading. Most of the United States markets were closed today for Memorial Day, including the Chicago Board of Trade. Trading is scheduled to reopen at 7 p.m. Central. A trader said the […] Read more
Futures

ICE Canola Midday: Prices down with U.S. markets closed

Canola acres could be down

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By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – ICE Futures canola contracts were lower at midday Monday amid light trading. Most of the United States markets are closed today for Memorial Day, including the Chicago Board of Trade. Trading resumes at 7 p.m. Central. Meanwhile, lower European rapeseed and Malaysian palm oil weighed on […] Read more
Futures

ICE canola futures: prices mixed on Monday morning

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By Marlo Glass, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were mixed to start the week, amid light trading activity. Canola values are supported by forecasts for low ending stocks. Carryover for the 2020/21 marketing year are expected to total 2.3 million tonnes, which is 400,000 tonnes lower than April […] Read more
Futures

North American Grain/Oilseed Review: Canola continues lower

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, seeing a continuation of Thursday’s declines as an early attempt at correcting higher proved short-lived. Losses in Chicago Board of Trade soyoil accounted for some of the spillover weakness in canola, with chart-based speculative long liquidation a […] Read more
Futures

ICE canola steady to lower at midday

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – The ICE Futures canola market was posting small losses at midday Friday, although activity was thin and choppy as values stabilized after Thursday’s larger drop. Declines in Chicago Board of Trade soyoil futures put some pressure on values, although any spillover weakness from that was countered […] Read more
Futures

ICE Canada Morning Comment: Canola moves away from yesterday’s losses

Canadian dollar down a half cent

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By Glen Hallick, MarketsFarm WINNIPEG, May 22 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning after taking notable losses on Thursday due to spillover from the Chicago soy complex. The complex took collateral damage as tensions continued to mount between the United States and China, putting the Phase […] Read more
Futures

ICE canola drifts lower with outside markets

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By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday as a negative tone in most outside markets spilled over to weigh on prices. Chicago Board of Trade soybeans and soyoil were both weaker, with uncertainty over trade relations between the United States and China behind […] Read more

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