Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, July 25 (MarketsFarm) – ICE Futures canola contracts were steady at midday Thursday, without any strong direction to push prices either way. “Canola prices have been fairly steady right around the C$450 area,” said a Winnipeg-based trader, noting the spreads at midday had widened a bit. He said the markets […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, July 25 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday morning, following positive price trends set on Wednesday. Hot temperatures in Europe are threatening to stress rapeseed crops, driving prices higher. Malaysian palm oil crops are also suffering due to lack of rain in India. Higher prices […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, July 24 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Wednesday, with support from other oilseeds and the Canadian dollar. European rapeseed prices were higher due to a heat wave affecting much of that continent. Meanwhile in Asia, the monsoons have only provided below average precipitation. Chicago […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, July 24 (MarketsFarm) – ICE Futures canola contracts were stronger at midday Wednesday, deriving support from increases in rapeseed, palm oil and the soy complex, said a Winnipeg-based trader. A heat wave throughout much of Europe has been pushing temperatures into the mid to high 30-degree Celsius range, according to […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, July 24 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday morning, following positive price trends from Tuesday. A move above the 20-day moving average in the November contract encouraged some speculative short covering, which added to the firmer tone. Spillover support from higher prices in the soy […] Read more

Reading Time: 2 minutes North American Grain/Oilseed Review: Markets lacking direction By Glen Hallick, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Tuesday, in another day of light activity. A trader said canola will remain choppy for the time being, due to the lack of direction in the Chicago markets. […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – ICE Futures canola contracts were trading either side of steady at midday Tuesday, in another session of light activity. A Winnipeg-based trader said the canola market will likely remain choppy until it gets some direction from the markets in the United States. “Canola goes up half […] Read more

Reading Time: < 1 minute By Marlo Glass, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The ICE Futures canola market was mostly unchanged on Tuesday morning, remaining range-bound during a morning of light volumes. Improving growing conditions across North America mean markets are slowly starting to lose their weather premiums. However, there are still dry areas in the Canadian Prairies, which […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday in light activity that saw the market correct after Friday’s bounce. Losses in the soy complex at the Chicago Board of Trade weighed on values. Agriculture and Agri-Food Canada (AAFC) issued its Outlook for Principal Crops […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – ICE Futures canola contracts were trading either side of steady at midday Monday, with support coming from a lower Canadian dollar, said a Winnipeg-based trader. As of mid-morning the loonie was at 76.23 U.S. cents, down from Friday’s close of 76.51. The trader said canola had […] Read more