Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Wednesday, due the positive aspects of the recent rains on the Prairies. There has been an uptick in speculative selling as much needed moisture gives a temporary boost to the region’s canola crops. As well, growers are becoming […] Read more
North American Grain and Oilseed Review: Rains’ positive effects weakens canola
U.S. soybeans, wheat drop back as corn makes small recovery
ICE Canola Midday: Recent rains lead to sell off
Growing confidence in newly planted crops
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures lower at midday Wednesday, as there continued to be a flush of speculative selling following recent rains across the Prairies, according to a Winnipeg-based trader. He added that the rain has also led to an increase in grower selling as they […] Read more
ICE canola continues lower Wednesday morning
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 26 (MarketsFarm) – The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling pressure after Tuesday’s declines. Early losses in Chicago Board of Trade soybeans and soyoil contributed to the softer tone in canola. Recent rains easing dryness concerns across Western Canada were also bearish, although […] Read more
North American Grain and Oilseed Review: Rain, with Chicago weakness pulls down canola
Weakness across the board in U.S. markets
Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Tuesday, including the July contract, which pulled an about-face after hitting its limit up earlier in the session. Rain over the Victoria long weekend brought some temporary relief to crops across the Prairies, but the dry conditions are […] Read more
ICE Canola Midday: Weak soybeans, soymeal and weekend rain bringing down canola
Gains only in old crop July
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 25 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower at midday Tuesday, with the exception of the old crop July contract. The July has seen wide swings over the last number of weeks as interest in the contract has been waning. That includes the contract hitting is […] Read more
ICE canola mixed to start Tuesday morning
Reading Time: < 1 minute WINNIPEG – The ICE Futures canola market was trading to both sides of unchanged Tuesday morning, with a sharp rise in the old crop July contract and a mixed tone the more deferred positions. The front month has seen some wide price swings over the past few weeks as investors on both sides of the […] Read more
North American Grain/Oilseed Review: Canola down ahead of long weekend
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The ICE Futures canola market was weaker on Friday, as values continued to back away from their highs and traders adjusted positions ahead of the long weekend. Canadian markets will be closed Monday for Victoria Day while the U.S. futures will trade their normal hours. Much […] Read more
ICE canola down with follow-through selling
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, seeing some follow-through selling after Thursday’s declines as investors adjust positions ahead of the long weekend. Canadian markets will be closed Monday for Victoria Day while the U.S. futures will trade their normal hours. Much needed […] Read more
ICE Canada Morning Comment: Canola continues downward
Old crop July hits daily limit
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 21 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker on Friday morning, due to ongoing declines in comparable edible oils. The old crop July contract bottomed out this morning at the daily limit of C$30 per tonne, as trading focused more and more on the new crop November […] Read more
North American Grain/Oilseed Review: Canola down with soy complex, Prairie rains
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 20 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, with the nearby July contract down its C$30 per tonne daily limit and more modest declines in the more deferred months. Traders bailing out of long positions accounted for the selling pressure in July, with most of […] Read more