Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished with modest losses on the week’s opening session. The market underwent a slight correction downward in the wake of last week’s move higher. Recent strength in the Canadian dollar was bearish for values. “The spreads are pushing long canola, short soy,” said a […] Read more
Stories by Dave Sims
Markets: ICE Canola Ticker Higher with Soybeans
WINNIPEG, January 16 (CNS) – Canola contracts on the ICE Futures Canada platform were higher Tuesday morning, taking strength from gains in U.S. soybeans. Markets re-opened in the U.S. after being closed yesterday for the Martin Luther King Jr. Holiday. Cold weather on the Prairies has discouraged farmer selling, however milder temperatures are slowly […] Read more
Canola ticks lower in thin trade
WINNIPEG (CNS) – Canola contracts on the ICE Futures Canada platform were lower at 10:37 CST on Wednesday, in sympathy with the U.S. soy complex. There is widespread speculation that yields and production numbers for the U.S. soybean crop will be raised in Friday’s USDA report, which was bearish. Rain in Brazil has improved growing […] Read more
Canola chops around, ends higher
Winnipeg, January 9 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished mostly stronger on Tuesday, propped up by speculative buying. Gains in vegetable oil were supportive for canola. There are some concerns about the lack of snow-cover in parts of Saskatchewan and Alberta. Traders were positioning themselves ahead of Friday’s USDA […] Read more
Canola dips under weight of Cdn dollar, U.S. soy
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished weaker on Monday, weighed down by recent strength in the Canadian currency and losses in U.S. soy. The Canadian dollar continues to hang well above the US$80 cent mark, which made canola less attractive on the international market. Buying was lukewarm, according […] Read more
La Nina set to weaken heading into spring
WINNIPEG, Jan. 3 (CNS) – Despite being gripped by freezing temperatures, one weather expert says he thinks the Canadian Prairies will see a weakening of the La Nina weather phenomena in the coming months, which will mean more moisture come spring-time. “Most likely we’ll have neutral conditions with a slight La Nina bias during the […] Read more
Canola closes out year with small gain
Winnipeg, Dec. 29 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished slightly higher on Friday, propped up by gains in United States soybeans and soyoil. Cold temperatures across the Prairies discouraged farmer deliveries. The most-active March contract received some technical support at the C$485 per tonne mark. The market chopped around […] Read more
Canola investors cautious ahead of holidays
Winnipeg, December 22 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished mixed on Friday, as traders rolled out of the January contract ahead of the holidays in favour of March. Investors took care to position themselves ahead of the extended holiday weekend. No one wanted to be caught in a […] Read more
Strong dollar weighs down canola contracts
WINNIPEG, December 21 (CNS) – Canola contracts on the ICE Futures Canada platform were lower at 10:43 CST on Thursday, tracking losses in the U.S. soy complex. Strength in the Canadian dollar also weighed down canola, as it made the commodity less attractive to international buyers. The dominant March contract has sunk below the psychologically-important […] Read more
Canola rises for second day
Winnipeg, December 20 (CNS Canada) – Canola contracts on the ICE Futures Canada platform finished mostly higher on Wednesday, after a day of choppy trading. Much of the activity was spread-based as traders were moving from the front-month January contract to March. Markets close early on Friday and there is just three days of trading […] Read more
