Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – ICE Futures canola contracts were posting solid gains at midday Friday, benefitting from a number of supportive price influences. Statistics Canada pegged the 2019 canola crop at 18.65 million tonnes, which came in well below average trade expectations and would represent an 8.3 per cent drop […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were stronger Friday morning, following the release of Statistics Canada’s December crop production report. Statistic Canada lowered its estimate for this year’s canola harvest from 19.358 million tonnes in its September report to now 18.649 million. In 2018, Canadian farmers […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 5 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, moving off of nearby lows as gains in Chicago Board of Trade soybeans and short-covering ahead of Friday’s Statistics Canada production report provided support. After the government agency pegged the canola crop at 19.4 million tonnes in […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Thursday as speculative short covering and spillover from advances in Chicago Board of Trade soybeans provided support. Statistics Canada releases updated production estimates on Friday, and uncertainty ahead of the report had speculators covering short positions, according to […] Read more

Reading Time: < 1 minute By MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) The Canadian dollar was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s rally. At 8:50 CST Thursday morning the Canadian dollar was at US$0.7594 or C$1.3168 which compares with Wednesday’s North American close of US$0.7563 or C$1.3223. The Bank of Canada’s decision to hold steady on interest […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Thursday morning, gleaning support from the Chicago soy complex. There is optimism from United States/China trade talks, as yesterday reports stated a deal was apparently close at hand. Today, China stated that tariffs must be removed before the […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 4 (MarketsFarm) – The ICE Futures canola market settled with small losses on Wednesday after posting gains for most of the session. While strength in the Chicago Board of Trade soy complex was supportive, a rally in the Canadian dollar tempered any upside potential in canola, according to participants. […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, seeing some follow-through buying interest after Tuesday’s recovery off of nearby lows. Gains in Chicago Board of Trade soybeans and soyoil provided spillover support, according to participants. Statistics Canada releases updated production estimates on Friday, and positioning […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Wednesday morning, getting support from the Chicago soy complex. The day after United States President Donald Trump stated a trade deal with China might not be reached until after the 2020 presidential election, Bloomberg reported today that the […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Dec. 3 (MarketsFarm) – The ICE Futures canola market held onto small gains on Tuesday, seeing a modest correction after Monday’s sharp losses. Solid demand from domestic crushers and oversold price sentiment contributed to the gains. However, weakness in the outside equity markets kept some caution in the market as […] Read more