Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 14 (MarketsFarm) – The ICE Futures canola market was stronger Thursday morning, seeing a continuation of Wednesday’s recovery off of nearby lows. Gains in Chicago Board of Trade soyoil and European rapeseed futures contributed to the early strength in canola. However, Malaysian palm oil was weaker, as that market […] Read more
ICE canola strengthens early Thursday
North American Grain/Oilseed Review: Canola corrects higher
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, seeing a modest correction after Tuesday’s selloff. Malaysian palm oil climbed to fresh contract highs in overnight activity, which was supportive for vegetable oil markets in general – including canola. Chicago Board of Trade soyoil futures were […] Read more
ICE canola strengthens with outside vegoil markets at midday
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) The ICE Futures canola market was stronger at midday Wednesday, taking back some of Tuesday’s losses. Malaysian palm oil climbed to fresh contract highs in overnight activity, which was supportive for vegetable oil markets in general – including canola. Chicago soyoil futures were also up at midday, […] Read more
ICE canola correcting higher
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 13 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, taking back some of Tuesday’s losses amid ideas the downturn was overdone. Early strength in Chicago Board of Trade soyoil futures and gains in Malaysian palm oil provided some spillover support for the Canadian oilseed. Tight supplies […] Read more
North American Grain/Oilseed Review: Canola drops sharply
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was sharply weaker on Tuesday, falling in sympathy with the Chicago Board of Trade soy complex as the futures had a bearish reaction to updated supply/demand data from the United States Department of Agriculture. Upward revisions to both U.S. and world […] Read more
ICE canola down sharply at midday Tuesday
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) The ICE Futures canola market was weaker at midday Tuesday, posting sharp losses in sympathy with the Chicago Board of Trade soy complex. Soybeans and soyoil both moved lower on Monday when Canadian markets were closed for Thanksgiving and remained pointed lower on Tuesday. Malaysian palm oil […] Read more
ICE canola starts lower after long weekend
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 12 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, dropping in sympathy with the Chicago Board of Trade soy complex. Soybeans and soyoil both moved lower on Monday when Canadian markets were closed for Thanksgiving. The United States futures remained pointed lower on Tuesday. Malaysian palm […] Read more
North American Grain/Oilseed Review: Canola settles narrowly mixed
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – The ICE Futures canola market was narrowly mixed at Friday’s close, with small losses in the nearby November contract and a firmer tone in the more deferred months as traders squared positions ahead of the Thanksgiving long weekend. Early gains Chicago Board of Trade soyoil and […] Read more
ICE canola correcting lower ahead of long weekend
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) The ICE Futures canola market was posting small losses in the most active months at midday Friday, seeing some consolidation ahead of the weekend after posting solid gains over the past few sessions. Early gains Chicago Board of Trade soyoil and soybean futures had provided some underlying […] Read more
ICE Canada Morning Comment: Canola continues with gains
Crude oil supporting edible oils
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Oct. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures continued higher on Friday morning, gleaning support from the Chicago soy complex, Malaysian palm oil and European rapeseed. In turn these edible oils were getting a boost from gains in global crude oil prices. Tight supplies and uncertainty regarding this year’s […] Read more