The ICE Futures canola platform finished the day stronger, supported by a weak Canadian dollar. Trading was choppy in the last few minutes before market close. The Canadian dollar fell below the 75 U.S. cents mark Monday, as tensions continue to rise over the arrest of Huawei Chief Financial Officer Meng Wanzhou last week. China […] Read more
Stories by MarketsFarm
Oilseeds hold breath ahead of G20
The ICE Futures canola platform finished the day mixed, as oilseed traders were cautious ahead of the G20 meeting between United States President Donald Trump and Chinese President Xi Jinping. Chicago Board of Trade (CBOT) soybean, oil and meal contracts all were stronger at market close. Oilseed contracts were jittery throughout the day as traders […] Read more
Soy upside boots canola
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. Chicago Board of Trade soybean, oil and meal contracts were all higher too, with soyoil up more than half a cent per pound. Oilseed traders are still awaiting the results of the meeting between United States President Donald […] Read more
Oils rebound after Monday’s drop
The ICE Futures canola platform were stronger at market close, rebounding after Monday’s losses. Chicago Board of Trade soybean, oil and meal contracts all finished the day in green too, regaining after yesterday’s sharp declines. While canola regained some of its losses, the technical bias is still pointed lower overall. Oilseed traders are still awaiting […] Read more
Plunging soy undermines canola
The ICE Futures canola platform finished the day weaker, dragged down by a plunge in the soy complex. Chicago Board of Trade soybean, oil and meal contracts dropped significantly during the day. Uncertainty over China and United States trade relations and forecasts for record Brazilian soy production dragged contracts down. Traders are awaiting the outcome […] Read more
Prairie fababean market spikes with global production issues
Fababean prices in Western Canada have seen a boost lately due to global production problems, however according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically would expect this […] Read more
Canola holds steady
The ICE Futures canola platform finished the day mixed, with contracts bouncing around both sides of unchanged in the last 10 minutes of trade. Chicago Board of Trade (CBOT) soybean contracts finished the day mostly higher, soyoil contracts were stronger and meal contracts lower. Soybeans found support from news that China and the United States […] Read more
Weak Cdn dollar limits drop in oilseeds
The ICE Futures canola platform were weaker at market close, following the lead of Chicago soyoil contracts. The January contract has been finding some support around the C$480 mark, however it hasn’t been able to rally as weak soyoil contracts have it stuck there. Chicago Board of Trade (CBOT) soybean, meal and oil contracts were […] Read more
Canola loses some of yesterday’s gains
The ICE Futures canola platform were weaker at market close, seeing a correction following yesterday’s large gains for the oilseeds markets. Chicago Board of Trade (CBOT) soybean contracts were up while oil and meal contracts were down. Yesterday saw oilseed markets jump in value after United States President Donald Trump tweeted that he talked with […] Read more
Soy soars, boosts canola, after Trump tweet
The ICE Futures canola platform were stronger at market close, finding spillover support from the soybean market. The canola market was lower in early morning trade as a stronger Canadian dollar weighed on it. However, United States President Donald Trump tweeted midmorning that he had a “long and very good conversation” with Chinese President Xi […] Read more
