Lower dollar, higher soy boosts canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, thanks to a lower Canadian dollar and spillover support from soybeans on the Chicago Board of Trade. The Canadian dollar was around 76 U.S. cents earlier in the week, but settled down to around 75.4 cents on Friday afternoon, supporting canola values. […] Read more

Soy support boosts canola futures

WINNIPEG, Sept. 12 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Thursday gleaning spillover support from a strong soybean complex on the Chicago Board of Trade. Gains were observed in the canola market despite the most recent report from Statistics Canada, which estimated a larger canola output than originally expected. The report […] Read more

Dollar, harvest keep pressure on canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to weaker on Tuesday, pressured by harvest development and a strong Canadian dollar. The Canadian dollar remained just over 76 U.S. cents, riding the coattails from last week’s rally and keeping a lid on values. As harvest continues, prices may go lower, due to […] Read more


Stronger dollar affects canola futures

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Monday, as a strong Canadian dollar and weaker soy oil values weighed on prices. The Canadian dollar has hovered around 76 U.S. cents for the past few days, which has made canola less attractive to buyers. A Winnipeg-based trader explained that speculative long traders […] Read more