Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 12 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Thursday morning, erasing much of the gains made yesterday. There were declines in the Chicago soy complex, as well as European rapeseed and Malaysian palm oil. Also, the ICE canola crush margins pulled back with the upfront contracts […] Read more
ICE Canada Morning Comment: Canola pulling back
Lower values in comparable veg oils
North American Grain and Oilseed Review: Canola gets a bounce
As U.S. soybeans, corn rise, wheat steps back
Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished higher on Wednesday, due to spillover from comparable edible oils and improvements in crush margins. There were solid gains in European rapeseed and Malaysian palm oil, as well as in Chicago soybeans and soyoil. However the latter two pulled back […] Read more
ICE Canola Midday: Comparable oils boost prices
Crush margins come away from historic lows
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Wednesday, as they continued to benefit from upticks in comparable oils. Chicago soyoil was up by well over one cent per pound, however gains in soybeans pulled back from earlier highs. Malaysian palm oil and European rapeseed […] Read more
ICE Canada Morning Comment: Canola increasing by double digits
Catching spillover from other edible oils
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 11 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger on Wednesday morning, benefitting from spillover from other edible oils. Chicago soybeans and soyoil were significantly higher, along with good increases in European rapeseed and Malaysian palm oil, although Chicago soymeal was moderately lower. Manitoba Agriculture and Resource Development […] Read more
North American Grain and Oilseed Review: Nearby months incur losses
U.S. soybeans, wheat swing higher
Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw declines in the front months on Tuesday due to shrinking crush margins weighing on values. The more deferred positions posted small gains. Over the last week, ICE canola crush margins, as of Aug. 9, have withered from C$72.72 per tonne […] Read more
ICE Canola Midday: Small crush margins pushing down prices
Margins have dropped sharply
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Tuesday, driven down by shrinking crush margins, according to a trader. “We dropped almost C$100 per tonne in two weeks on the crush margins,” he said. As of Aug. 9, ICE crush margins for November-October were C$5.35/tonne […] Read more
ICE Canada Morning Comment: Canola inches back
Little direction from other edible oils
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Tuesday morning in choppy trading. There were gains in the Chicago soy complex, with soyoil making a small nudge upward. European rapeseed was narrowly mixed and Malaysian palm oil was a little lower. Canola pulled back yesterday […] Read more
North American Grain and Oilseed Review: Canola pulls back due to profit-taking
U.S. soybean, corn, wheat prices step back
Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Monday due to a round of profit-taking after prices climbed last week. Weakness in Chicago soybeans and soyoil, as well as declines in European rapeseed and Malaysian palm oil added pressure on canola. Losses were tempered by small […] Read more
ICE Canola Midday: Profit-taking lowers prices
Comparable edible oils down as well
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned at midday Monday due to profit-taking, according to a Winnipeg-based trader. “Canola got overdone. It did what it had to last week; it roared ahead all by itself without any help really from the U.S. side,” the trader explained. By […] Read more
ICE Canada Morning Comment: Canola pushing higher to start the week
Prairie temperatures to climb throughout week
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, Aug. 9 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were on the rise on Monday morning, in trading that was choppy. Support came from increases in Chicago soybeans and soymeal, while soyoil was relatively steady. Declines in European rapeseed and Malaysian palm oil weighed on values. Thunderstorms have been forecast […] Read more