Futures

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Wednesday, getting support from other edible oils, which have been on the upswing due to technical buying, according to a trader. However, canola backed off from earlier highs after the United States Department of Agriculture (USDA) announced […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 15 (MarketsFarm) – The ICE Futures canola market was stronger Wednesday morning, although off its overnight highs. Traders were still digesting Tuesday’s production estimates from Statistics Canada. The government agency pegged the canola crop at only 12.8 million tonnes, which would be the smallest since 2010. A mixed tone […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Tuesday, but backed well away from earlier highs. At one point the November contract reached C$900.00 per tonne. Support came from the Statistics Canada production update, which lowered 2021/22 canola production from 14.7 million tonnes last month to […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Tuesday, but those gains have moderated from the earlier sharp upticks that followed the release of Statistics Canada’s production update. In its latest principal field crops report, Statistics Canada slashed 2021/22 canola production to about 12.8 million […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 14 (MarketsFarm) – The ICE Futures canola market was sharply higher Tuesday morning, as the market reacted to declining production estimates from Statistics Canada. The government agency lowered their estimate on the size of the 2021/22 canola crop to 12.8 million tonnes. That was down by nearly two million […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger on Monday, with chart-based speculative buying a feature as prices continued to correct off of nearby lows. Ideas that recent losses were overdone contributed to the gains, with the November contract moving well above the psychological C$850 per tonne […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – The ICE Futures canola market was stronger at midday Monday, correcting above major chart support. Ideas that losses posted the previous week were overdone contributed to the gains, with the November contract well off of its recently hit one-month lows. Statistics Canada releases updated production estimates […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 13 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Monday morning, ahead of tomorrow’s production report from Statistics Canada. The update should provide a better idea of how the 2021/22 canola harvest is shaping up, particularly with strong indications of poor yields. Although the federal agency […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was slightly stronger at Friday`s close, but settled well off its session highs. A move higher in Chicago Board of Trade soybeans in the aftermath of the latest supply/demand estimates from the United States Department of Agriculture provided some underlying support […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – The ICE Futures canola market was trading to both sides of unchanged at midday Friday, with the bias to the upside in the most active months as the market saw some consolidation ahead the United States Department of Agriculture’s monthly supply/demand report set for release at […] Read more