Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, August 19 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday, caught up in a slide in the Chicago soy complex. Also, European rapeseed and Malaysian palm oil lost ground, which further weighed on canola. After parts of the Prairies received rain over the weekend, the MarketsFarm […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, August 19 (MarketsFarm) – ICE Futures canola contracts were weaker at midday Monday, due to a negative bias coming out of the United States, said a Winnipeg-based trader. “Chart-wise, we’re in ‘la-la-land’. We’re in a sideways trend,” he commented. The soy complex on the Chicago Board of Trade was mostly […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, Aug. 19 (MarketsFarm) – The ICE Futures canola market was mostly lower on Monday morning, following trends set in overnight trade. Malaysian palm oil, European rapeseed, and the soy complex on the Chicago Board of trade were all lower this morning, which weighed on canola values. A weather premium remains […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 16 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, taking some direction from Chicago Board of Trade soybeans as traders squared positions ahead of the weekend. Speculative short-covering was a feature as fund traders took some profits on their bearish bets, according to a trader. Solid […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 16 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Friday, as traders adjusted positions ahead of the weekend in quiet trade. “We’re getting a little bit of profit-taking and position-squaring ahead of the weekend,” said a Winnipeg-based trader noting that “risk-off” sentiment was behind much of the […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, August 16 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were higher Friday morning, as canola has been competitive with oilseeds and could receive spillover from other markets. Bids found strength in solid crush margins, which are at their best levels so far this year. Crop conditions are generally favourable […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 15 (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 15 (MarketsFarm) – ICE Futures canola contracts were holding onto small gains at midday Thursday, in thin and choppy activity. “It’s hard to get any read on this market,” said a Winnipeg-based trader. While canola was looking underpriced compared to other oilseeds, he expected the looming Prairie harvest would […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, August 15 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to lower Thursday morning, following volatile overnight trading. Canola has become more competitive within the oilseed market, which has provided support. A declining Canadian dollar has also been supportive. After the dollar closed Wednesday at 75.16 U.S. cents, […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm Winnipeg, Aug. 14 (MarketsFarm) – The ICE Futures canola market ended mixed on Wednesday, with gains in the most active front months and losses in the more deferred positions. Oversold price sentiment and improving crush margins accounted for some buying interest from domestic processors, according to a trader. Weakness in the […] Read more