Canola up slightly, soy drops lightly

The ICE Futures canola platform chopped around in a narrow trading range for much of Friday before ending with a small gain. Weather issues continue to be one of the main sources of support for the market, as cold, wet weather delays harvest efforts on the Prairies. Weakness in the Canadian dollar was bullish for […] Read more

Canola futures brace for harvest pressure

WINNIPEG – ICE Futures canola contracts continued to hang above the psychologically-important C$500 per tonne mark during the week ended Aug. 22, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose C$2.10 during the week to C$506.90 per bushel by Wednesday’s open. As […] Read more

Canola drops ahead of USDA report

Winnipeg – Canola contracts on the ICE Futures platform recorded modest losses Thursday, as traders booked profits. Tomorrow, the United States Department of Agriculture is scheduled to release its monthly supply and demand estimates, which many traders are expecting will be a bearish one for oilseeds in general. Ideas canola was overbought weighed on the […] Read more

Dry weather keeping canola from more downside

WINNIPEG – A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above C$525 a tonne in late June, but has since fallen to the C$490 mark as of July 18. Global trade disruptions and a […] Read more