Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, March 22 (CNS Canada) – Canola contracts on the ICE Futures Canada platform were stronger at midday Tuesday, testing nearby resistance as advances in the CBOT soy complex provided some spillover support. The nearby May contract was trading at its highest levels in over a month with […] Read more
ICE canola hits one-month highs
ICE canola stronger after hitting key level
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 22 – ICE Canada canola contracts were stronger Tuesday morning, as the market pushed above a nearby resistance level, which encouraged buying. Spill over support from Chicago Board of Trade soy oil and Malaysian palm oil were also bullish for canola. Traders have put a weather […] Read more
North American Grain/Oilseed Review: Canola ends up after quiet day
Reading Time: 2 minutes By Phil Franz-Warkentin and Jade Markus, Commodity News Service Canada Winnipeg, March 21 (CNS Canada) – ICE Futures Canada canola contracts were up on Monday as the combination of rising CBOT soyoil prices and weakness in the Canadian dollar helped boost crush margins. Exporters and domestic crushers were both showing solid demand, while some chart-based […] Read more
ICE canola up in thin trade at midday
Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, March 21 (CNS Canada) – Canola contracts on the ICE Futures Canada platform were holding onto small gains at midday Monday, in relatively thin and quiet activity. “Funds are sitting on their hands, and the commercials are doing the same thing,” said a trader on the light […] Read more
ICE canola mostly higher with weaker loonie
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 21 – ICE Canada canola contracts were mixed but mostly stronger on Monday morning, supported by losses in the Canadian dollar. Weakness in the Canadian dollar makes canola more appealing to foreign buyers. Traders will likely put a weather premium into the market, analysts say, as […] Read more
North American Grains/Oilseed Review – Canola Firms On Trader Positioning
Reading Time: 2 minutes By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, March 18 – THE ICE Futures Canada canola market posted minor gains on Friday after a volatile session as traders positioned themselves before the weekend. Chart-based trading was a feature throughout the day along with some speculative action near the close. Malaysian palm oil […] Read more
ICE Canola Pressured By Canadian Currency
Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, March 18 – Canola contracts on the ICE Futures Canada platform were lower at 10:45 CDT on Friday, as large gains in the Canadian dollar this week continued to pressure the market. The Canadian dollar is at its highest point in five months relative to its US […] Read more
ICE canola mixed in choppy trading
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 18 – ICE Canada canola contracts were narrowly mixed in early activity on Friday, trading to both sides of unchanged as the Canadian dollar continued its gains. The Canadian dollar reached its highest level of the year on Thursday at 77.23 US cents, and was still […] Read more
North American Grains/Oilseeds Review – Canola Dips Due To Currency
Reading Time: 2 minutes By Dave Sims and Phil Franz-Warkentin, Commodity News Service Canada Winnipeg, March 17 – THE ICE Futures Canada canola market finished mostly weaker Thursday due to action in the Canadian currency. The Canadian dollar was up three quarters of a cent relative to its US counterpart which made canola less attractive to buyers in other […] Read more
ICE Canola Mostly Lower As C$ Influence Offsets Veg Oil Gains
Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, March 17 – Canola contracts on the ICE Futures Canada platform were mixed at 10:35 CDT on Thursday, as action in the Canadian dollar overwhelmed spillover gains in vegetable oil. The Canadian dollar was up eight tenths of a cent relative to its US counterpart which made […] Read more