Futures

Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – A number of factors conspired to send Intercontinental Exchange (ICE) canola futures lower on Monday, with the July contract hitting its down limit. Declines in Chicago soyoil, Malaysian palm oil and European rapeseed worked together with profit-taking to generate sharp losses to start the week. At […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were weaker at midday Monday due to a round of profit-taking, according to a Winnipeg-based trader. The softening of Chicago soyoil weighed on canola values as well, he said, noting soyoil “had a long, aggressive run.” Declines in European rapeseed and […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 10 (MarketsFarm) – The ICE Futures canola market was weaker Monday morning, seeing a profit-taking correction in the old crop July contract to start the week. After climbing above C$1,000 per tonne on Friday the market was looking overdone to the upside. However, even with the front month down […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – The ICE Futures canola market was mixed on Friday, with gains in the old crop July contract and losses in the new crop months. Expanded daily trading limits saw the July contract climb above the psychological C$1,000 per tonne level for the first time ever. Statistics […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – The ICE Futures canola market was mixed at midday Friday, hitting a fresh high in the old crop July contract while the new crop months moved lower. Statistics Canada confirmed the tightening old crop supply situation in their latest stocks report out this morning. Total canola […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 7 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mixed on Friday morning, with gains in the old crop July contract and losses in the new crop positions. Statistics Canada released its quarterly grain stocks report this morning, and as of March 31 total canola stocks in the country […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, moving up its daily C$30 per tonne limit in the old crop July contract. Tight supplies and end users scrambling to fulfill commitments accounted for much of the strength in July, with bullish chart signals adding to […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, hitting fresh contract highs once again as the uptrend showed no signs of slowing. “The crushers need canola and there’s not a lot left out there,” said a Winnipeg-based trader on the limit-up move in the […] Read more

Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, May 6 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Wednesday morning, with gains in old crop July far outpacing those for the new crop months. Canola was getting support from strong gains in the Chicago soy complex as well as Malaysian palm oil, along with moderate increases […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, May 5 (MarketsFarm) – The ICE Futures canola market was stronger on Wednesday, with the largest gains in the old crop July contract. Tight supplies remained a key driver of the market, with speculative positioning adding to the gains. A lack of significant selling interest on the other side was […] Read more