Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, March 14 – Canola contracts on the ICE Futures Canada platform were stronger at 10:35 CDT on Monday, taking strength from CBOT soyoil and action in the Canadian currency. Commercial demand remains steady while global financial markets firmed, which was bullish. The Canadian dollar was lower relative […] Read more

Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 14 – ICE Canada canola contracts were stronger in light-volume trading in early activity Monday morning. A weaker Canadian dollar was the main source of support on Monday, as crude oil futures weighed on the loonie—making canola more appealing to foreign buyers. Canola’s technical bias is […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin and Jade Markus, Commodity News Service Canada Winnipeg, March 11 (CNS Canada) – ICE Futures Canada canola contracts were down on Friday, backing away from Thursday’s gains as speculators returned to the sell side ahead of the weekend. Canola posted large gains over the past week, but was looking overdone to the […] Read more

Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 11 – ICE Canada canola contracts were weaker at midday on Friday, correcting lower after Thursday’s sharp gains. “They’re just bashing it back and forth. That’s what they do with canola,” said one Winnipeg-based trader. On Thursday speculative action had pushed canola stronger than Chicago Board […] Read more

Reading Time: < 1 minute By Dave Sims, Commodity News Service Canada WINNIPEG, March 11 – ICE Canada canola contracts moved lower Friday morning in the wake of Thursday’s sharp gains. The Canadian dollar was stronger relative to its US counterpart, which weighed down crush margins and made canola less attractive to international customers. Soybeans from South America are beginning […] Read more

Reading Time: 2 minutes By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, March 10 – THE ICE Futures Canada canola market was sharply higher Thursday, tracking changes in the Canadian currency and ideas recent losses were overdone. The move above nearby resistance on the charts triggered stops which sparked additional buying, a trader said. The Canadian […] Read more

Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 10 – ICE Canada canola contracts were stronger at midday on Thursday, propped up by losses in the Canadian dollar. “The dollar is getting slapped here, and that’s certainly helped creep the market up,” said one Winnipeg-based analyst. A weaker loonie allows domestic crushers to book […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, March 10 (CNS Canada) – ICE Canada canola contracts were narrowly mixed Thursday morning, lacking any clear direction as the market reacted to conflicting outside factors. The most active months were higher, with a softer tone in the Canadian dollar behind some of the early commercial buying […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin and Jade Markus, Commodity News Service Canada Winnipeg, March 9 (CNS Canada) – ICE Futures Canada canola contracts were down on Wednesday, as a rally in the Canadian dollar weighed on the market. The currency was up by nearly a full cent relative to its US counterpart, cutting into crush margins and […] Read more

Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, March 9 – ICE Canada canola contracts were slightly stronger in sluggish trading at midday on Wednesday. Canola has the potential for additional upside before Wednesday’s close, according to one Winnipeg-based trader. “Canola always seems to start sort of sluggish, lagging, lagging, lagging, and then it catches […] Read more