Futures

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was mostly weaker at Thursday’s close, but off its lows for the session after uncovering some support to the downside. Sharp strength in the Canadian dollar accounted for some selling pressure in canola. Speculative long liquidation also weighed on prices in […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 29 (MarketsFarm) – The ICE Futures canola market was posting small gains in the most active months at midday Thursday, recovering from early declines after finding some support to the downside. Sharp strength in the Canadian dollar, which was up by roughly half of a cent relative to its […] Read more

Reading Time: < 1 minute WINNIPEG – The ICE Futures canola market was weaker Thursday morning, testing nearby support as speculators continued to liquidate long positions and book profits. The November contract dipped below the 20-day moving average, which was bearish from a chart-standpoint. A firm tone in the Canadian dollar, which moved above 80 United States cents, also weighed […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker for the second session in a row on Wednesday, with thin volumes exaggerating the move as investors liquidated long positions. While hot and dry Prairie weather conditions remain a supportive influence, those drought concerns have been largely priced into […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker at midday Wednesday in thin and choppy activity. The market was holding range-bound overall, with traders waiting to get a better handle on the size of this year’s crop. While hot and dry Prairie weather conditions remain a supportive […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 28 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling after Tuesday’s late turn lower. Speculative positioning was a feature, with the underlying fundamentals still supportive for canola. Scattered thunderstorm activity was bringing moisture to some dry areas of the Prairies, although the […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market settled with small losses on Tuesday after posting gains for most of the session. Hot and dry Prairie forecasts provided underlying support, but those weather concerns have been priced into the market for some time and canola ran into resistance. Production […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market was stronger at midday Tuesday, as hot and dry Prairie weather provided support. Forecasts over the next week show only minimal chance of precipitation, with hot temperatures likely to keep cutting into yield prospects. Production is generally expected to be down […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 27 (MarketsFarm) – The ICE Futures canola market was stronger Tuesday morning, seeing a continuation of Monday’s late turn higher. Continued concerns over drought conditions cutting into the size of the Canadian crop, along with uncertainty over how much demand will need to be rationed going forward, remained supportive. […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 26 (MarketsFarm) – The ICE Futures canola market was stronger at Monday’s close, recovering from earlier losses amid ongoing Prairie weather concerns. While light shower activity was reported in some parts of the Prairies, any moisture at this time will only stabilize the crop and won’t be enough to […] Read more