Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 28 (MarketsFarm) – The ICE Futures canola market was mostly lower Wednesday morning, with only the lightly traded nearby May contract holding onto gains as traders exited the front month ahead of its expiry. Speculative profit-taking was a feature in the more active months, as Tuesday’s retreat from contract […] Read more
ICE canola mostly lower Wednesday morning
North American Grain and Oilseed Review: Volatile market sends most prices lower
Statistics Canada issues planting projections
Reading Time: 2 minutes By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly lower on Tuesday, with only the soon-to-expire May contract making gains in a very volatile session. Tight supplies guided May canola along with strong support from the May contracts in Chicago soyoil and European rapeseed. However, those edible oils […] Read more
ICE Canola Midday: Widening gap between old, new crop prices
Canola is 'ludicrously cheap' says trader
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher at midday on Tuesday, with a tremendously wide gap in the gains for old crop and those for new crop. The latter was quite volatile in fluctuating between declines and increases. A Winnipeg-based trader said the markets were […] Read more
ICE canola up following acreage estimates
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 27 (MarketsFarm) – The ICE Futures canola market was higher Tuesday morning, although activity was choppy as the market reacted to the latest acreage estimates from Statistics Canada and movement in the Chicago soy complex. Canadian farmers intend to seed 21.5 million acres of canola this spring, according to […] Read more
North American Grain and Oilseed Review: Positioning leads to new contract highs
CBOT see sharp gains across the board
Reading Time: 3 minutes By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures finished stronger on Monday, with the most active months hitting new contract highs. That included the soon-to-expire May contract topping off at C$900 per tonne before settling a little lower. Profit-taking generated declines earlier in today’s trading, but that gave way […] Read more
ICE Canola Midday: Prices swinging higher
Canola turns around from earlier declines
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were turning higher at midday on Monday, as tight old crop supplies and dryness on the Prairies were supportive. Earlier profit-taking saw losses in a number of active months. There is a very strong likelihood of more canola acres going into […] Read more
ICE canola mixed Monday morning
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 26 (MarketsFarm) – The ICE Futures canola market was mixed Monday morning, with gains in the front months and losses in the new crop contracts. Early gains in the Chicago Board of Trade soy complex provided some spillover support for canola. However, Malaysian palm oil and European rapeseed futures […] Read more
North American Grain/Oilseed Review: Canola uptrend stalls in pre-weekend trade
Reading Time: 2 minutes By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The ICE Futures canola market was lower in the most active contracts at Friday’s close, seeing a modest correction to end the week after posting contract highs in recent sessions. The underlying fundamentals of tight old crop supplies and solid end-user demand remained supportive, but canola […] Read more
ICE canola correcting lower
Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – The ICE Futures canola market was weaker at midday Friday, seeing a profit-taking correction ahead of the weekend after setting fresh contract highs in recent sessions. The underlying fundamentals of tight old crop supplies and solid end-user demand remained supportive, but canola was thought to be […] Read more
ICE Canada Morning Comment: A correction in canola
Rolling out of May, weaker edible oils lead to declines
Reading Time: < 1 minute By Glen Hallick, MarketsFarm WINNIPEG, April 23 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower on Friday morning, as the market corrected after several days of gains. Part of that included traders who have been looking to roll out of their May contracts before they expire. There were losses in Chicago soybeans and soymeal, […] Read more