Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, January 29 – ICE Canada canola contracts were weaker in early activity on Friday, pressured by a stronger Canadian dollar and weakness in Chicago Board of Trade soy oil. The Canadian dollar was stronger in early activity on Friday, supported by gains in crude oil and favourable […] Read more
ICE canola weaker with stronger Canadian dollar, CBOT soy oil
North American Grain/Oilseed Review: Canola down with soybeans
Reading Time: 2 minutes By Phil Franz-Warkentin and Dave Sims, Commodity News Service Canada WINNIPEG, Jan. 28 (CNS Canada) – ICE Futures Canada canola contracts were weaker on Thursday, as losses in the CBOT soy complex and a firmer tone in the Canadian dollar weighed on values. Chart based speculative selling was another feature in canola, as prices tested […] Read more
ICE canola down at midday, testing support
Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 28 (CNS) – Canola contracts on the ICE Futures Canada platform were down at midday Thursday, as losses in CBOT soybeans and the firmer Canadian dollar weighed on values. Improving weather forecasts for soybean crops in Brazil, along with reports that China had cancelled some purchases […] Read more
ICE canola weaker with gains in Canadian dollar
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, January 28 – ICE Canada canola contracts were weaker in early activity on Thursday, pressured by gains in the Canadian dollar. Strength in crude oil futures pushed the commodity-linked Canadian dollar higher, which is bearish for canola. However gains in Chicago Board of Trade soy oil limited […] Read more
North American Grain/Oilseed Review: Canola ends up with soy complex
Reading Time: 2 minutes By Phil Franz-Warkentin and Dave Sims, Commodity News Service Canada Winnipeg, Jan. 27 – ICE Futures Canada canola contracts were stronger on Wednesday, as advances in CBOT soybeans and soyoil helped pull the Canadian futures off of their nearby lows. Solid exporter and domestic crusher buying interest contributed to the strength in canola, as demand […] Read more
ICE canola correcting higher at midday
Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 27 – Canola contracts on the ICE Futures Canada platform were holding onto small gains at midday Wednesday, as the market saw a modest recovery following Tuesday’s losses. Gains in CBOT soyoil provided some spillover support for canola, according to participants. Solid exporter and domestic crusher […] Read more
ICE canola mixed with CBOT soy oil, Canadian dollar
Reading Time: < 1 minute By Jade Markus, Commodity News Service Canada WINNIPEG, January 27 – ICE Canada canola contracts were mixed, but mostly stronger, in early activity on Wednesday, tracking gains in Chicago Board of Trade soy oil. However, strength in the Canadian dollar limited gains, and the US Federal Reserve is expected to keep interest rates unchanged, which […] Read more
Global markets: Fed expected to hold US interest rates steady
Reading Time: < 1 minute By Commodity News Service Canada WINNIPEG, January 27 – The following is a glance at the news moving markets globally. FED EXPECTED TO LEAVE INTEREST RATES UNCHANGED US Federal Reserve policy makers are wrapping up a two day meeting on Wednesday, and many analysts expect interest rates to hold steady due to turbulence in financial […] Read more
North American Grain/Oilseed Review: Canola drops as loonie soars
Reading Time: 2 minutes By Phil Franz-Warkentin and Dave Sims, Commodity News Service Canada Winnipeg, Jan. 26 – ICE Futures Canada canola contracts were down on Tuesday, with a sharp rise in the Canadian dollar behind much of the selling pressure. Recent weakness in the currency has propped up the canola market compared to CBOT soybeans. However, with the […] Read more
ICE canola moves down as Canadian dollar rises
Reading Time: < 1 minute By Phil Franz-Warkentin, Commodity News Service Canada WINNIPEG, Jan. 26 – Canola contracts on the ICE Futures Canada platform were mostly lower at midday Tuesday, as strength in the Canadian dollar put some pressure on the market. The currency was up by a full cent relative to its US counterpart, which was cutting into crush […] Read more