Reading Time: 2 minutes By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, July 21 – THE ICE Futures Canada canola market finished slightly lower Thursday due to technical selling. Reports suggest the current blanket of intense heat in the US Midwest won’t last as long as initially thought, which was bearish for the oilseed market. Large […] Read more
North American Grains/Oilseed Review – Canola Dips, US Soy Mostly Unchanged
ICE canola bouncing around unchanged
Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, July 21 – Canola contracts on the ICE Futures Canada platform were bouncing around unchanged at 10:55 CDT on Thursday, due to technical selling. The Canadian dollar was stronger relative to its US counterpart, which made canola less attractive to out-of-country buyers. The current heat wave in […] Read more
ICE canola following US soybeans in early activity
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, July 21 – ICE Canada canola contracts were stronger in early activity on Thursday, propped up by advances in Chicago Board of Trade soybeans. CBOT soybeans gained in corrective trade Thursday morning, which caused spillover support to canola. Wetness in Canada, and drier conditions south of the […] Read more
North American Grains/Oilseed Review – canola ends unchanged as soybeans drop
Reading Time: 2 minutes By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, July 20 – THE ICE Futures Canada canola market finished relatively unchanged in extremely choppy trading on Wednesday. The market bounced above and below unchanged before the two front-month contracts ultimately settled even. Weakness in Chicago Board of Trade soybeans weighed down some of […] Read more
ICE Canola Firms With Veg Oil
Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, July 20 – Canola contracts on the ICE Futures Canada platform were stronger at 10:35 CDT on Wednesday, tracking gains in the vegetable oil market. US soybeans and crude oil were also higher, which contributed to the upside. Crushers in Canada are running flat-out which was bullish, […] Read more
ICE canola underpinned by loonie, US soybeans
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, July 20 – ICE Canada canola contracts were stronger in early activity on Wednesday, propped up by weakness in the Canadian dollar and gains in Chicago Board of Trade soybeans. The Canadian dollar lost ground against its US counterpart Wednesday morning, which is bullish for canola as […] Read more
ICE Canada Review: Canola Dips Tracking US Soy
Reading Time: 2 minutes By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, July 19 – THE ICE Futures Canada canola market suffered losses on Tuesday due to weakness in the US soy complex. Crude oil was weaker on the day which was bearish for canola. The overall chart picture does not look especially promising for canola, […] Read more
ICE Canola Trending Lower With US Soybeans
Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, July 19 – Canola contracts on the ICE Futures Canada platform were lower at 10:40 CDT on Tuesday, following losses in US soybeans. “We’ll see what the soybeans do. The weather forecast (for the Midwest) is bouncing back and forth, it now looks wetter and cooler,” noted […] Read more
ICE canola drops as soybean crop conditions steady
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, July 19 – ICE Canada canola contracts were weaker in early activity on Tuesday, following losses in Chicago Board of Trade soybeans. CBOT soybeans lost ground after the US Department of Agriculture left crop conditions unchanged, pegging 71 per cent of soybeans in good to excellent condition. […] Read more
North American Grains/Oilseed Review – Canola Ends Higher In Choppy Trade
Reading Time: 2 minutes By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, July 18 – THE ICE Futures Canada canola market finished slightly higher in choppy trading on Monday. Canola contracts took strength from the US soy complex as well as some speculative trade. Malaysian palm oil and crude oil were both higher, which was supportive […] Read more