MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more

ICE weekly outlook: Canola finds support from funds, weather
Crude oil markets also a factor

ICE weekly outlook: Canola looking for more support
MarketsFarm — ICE canola futures moved higher during the week ended Wednesday as a rally in the Chicago Board of Trade soy complex provided support. Whether there’s more room to the upside remains to be seen. “It looks like we’ve maybe turned a corner,” said Wayne Palmer, senior market analyst with Exceed Grain in Winnipeg. […] Read more

U.S. grains: Corn, soy rally as slow planting pace ignites short-covering
Chicago | Reuters — U.S. corn futures climbed more than three per cent on Tuesday and soybeans bounced back from a decade low as planting delays in the Midwest crop belt sparked a round of short-covering, analysts said. Additional support stemmed from optimistic comments from Washington and Beijing that tempered concerns about a further escalation […] Read more

U.S. grains: Corn inches higher on weather uncertainty
Chicago | Reuters — U.S. corn futures firmed on Friday on light short-covering ahead of the weekend and uncertainty about planting weather in the Midwest, analysts said, while soybeans and wheat closed modestly lower. Chicago Board of Trade July corn settled up 1-3/4 cents at $3.71 per bushel (all figures US$). July soybeans ended down […] Read more

U.S. grains: Wheat, corn bounce on short-covering
Chicago | Reuters — U.S. wheat futures rose on Friday, supported by lingering concerns about crop damage in the U.S. Plains following a snow storm at the weekend. Short-covering also contributed to the wheat gains as traders covered bearish bets following a sell-off on Thursday. Corn futures also rose, with traders noting short-covering as a […] Read more