Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the front months on Friday morning, with declines in the deferred positions. While there was support from small gains in Chicago soybeans and soymeal, there were slight losses in soyoil. Canola was also getting spillover from higher European […] Read more
ICE Canada Morning Comment: Front months on the upswing
Mixed support from comparable oils
North American Grain/Oilseed Review: Canola drops sharply
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – The ICE Futures canola market dropped sharply lower on Thursday, with long liquidation a feature as the market tested nearby chart support. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the declines in canola. The […] Read more
ICE canola falling at midday Thursday
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The ICE Futures canola market was down sharply at midday Thursday, with speculative long-liquidation and a lack of willing buyers on the other side behind some of the weakness. With Canadian canola production expected to be down sharply on the year, end users are already showing […] Read more
ICE Canada Morning Comment: Canola continues to fall back
Weakness in comparable oils
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, following declines in the Chicago soy complex and other edible oils. At 1.77 million tonnes, canola ending stocks for 2020/21 are the lowest since 2017, according to Statistics Canada, but well above earlier expectations. Daytime temperatures […] Read more
North American Grain/Oilseed Review: Canola settles with small gains after choppy day
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The ICE Futures canola market was settled with small gains on Wednesday after trading to both sides of unchanged in choppy activity. The Chicago Board of Trade soy complex was also mixed, providing little direction for the canola market. While seasonal harvest pressure was somewhat bearish, […] Read more
ICE canola up at midday Wednesday
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – The ICE Futures canola market was stronger at midday Wednesday, although activity was choppy as the market reacted to outside influences. Soyoil futures at the Chicago Board of Trade were also experiencing wide price swings, but were higher by midsession. A weaker tone in the Canadian […] Read more
ICE Canada Morning Comment: Canola turns lower after overnight gains
Ending stocks more than 1 million tonnes higher
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Sept. 8 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower on Wednesday morning, as the Chicago soy complex was stepping away from its overnight highs, taking the Canadian oilseed with it. However there was some support from increases in Malaysian palm oil and European rapeseed. Statistics Canada released […] Read more
North American Grain/Oilseed Review: Canola turns lower after early gains
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, retreating from early gains as a downturn in the Chicago Board of Trade soy complex weighed on values. Canola started the day posting solid advances amid ongoing concerns over the size of this year’s drought-stricken crop. Weakness […] Read more
ICE canola holding onto small gains at midday
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – The ICE Futures canola market was holding onto small gains at midday Tuesday in thin and choppy activity. Weakness in the Canadian dollar provided some underlying support, with the declining currency helping crush margins show some improvement. Production issues across Western Canada remained supportive as well, […] Read more
ICE Canada Morning Comment: Canola veering away from overnight gains
Soy complex turning lower, taking canola with it
Reading Time: < 1 minute ICE Canada Morning Comment: Canola veering away from overnight gains By Glen Hallick, MarketsFarm WINNIPEG, Sept. 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed Tuesday morning, as trading resumed after the long weekend with the overnight session. The Canadian oilseed was stepping back from overnight gains as the Chicago soy complex began to […] Read more