Canola futures stronger for 3rd straight day

WINNIPEG, (MarketsFarm) – The ICE Futures canola market was stronger for the third-straight session on Thursday, as world equity and energy markets saw a modest correction amid the ongoing COVID-19 pandemic. Gains in the Chicago Board of Trade soy complex also provided spillover support, although activity was choppy in the grains and oilseeds. Recent weakness […] Read more

Canola futures see corrective bounce

WINNIPEG, (MarketsFarm) – The ICE Futures canola market settled in the green for St. Patrick’s Day, seeing a corrective bounce after Monday’s fall to contract lows. Gains in Chicago Board of Trade soyoil and weakness in the Canadian dollar contributed to the advances in canola. The currency was down nearly a full cent relative to […] Read more

Canola still following soyoils lower

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, due to sharp declines in Chicago soyoil. A trader explained that soyoil is vulnerable to changes in the stock markets and in crude oil prices. Pushed by fears over the coronavirus, the North American stocks were down 2.6 to 3.7 per cent […] Read more


Soyoils put downward pressure on canola

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Thursday, after three days of gains as Chicago soyoil and European rapeseed weighed on values. Malaysian palm oil was higher today and provided support, as did a lower Canadian dollar. By mid-afternoon Thursday, the loonie slipped to 74.46 U.S. cents from Wednesday’s close […] Read more

Canola futures gain following soyoil

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Wednesday, due to gains in Chicago soyoil and Malaysian palm oil. However, lower European rapeseed weighed on values. Despite the Bank of Canada cutting its key interest rate by a half-point today, an analyst said the cut itself wouldn’t have a […] Read more


Canola futures still making gains

WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts higher Tuesday, building on gains made Monday, albeit at a slower pace. Chicago soyoil and European rapeseed were higher today, while Malaysian palm oil was flat. The gains in the North American commodities came as the United States Federal Reserve made a rare emergency […] Read more

Canola futures jump in last-minute trading

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Monday, benefitting from gains in the Chicago soy complex and European rapeseed. Of note, there was a jump of almost C$3 per tonne in the final minutes of today’s session. Support also came from a lack of farmer selling and increased short covering. Declines […] Read more

Coronavirus fears dampening canola futures

WINNIPEG, (MarketsFarm) – The ICE Futures canola market dropped to fresh contract lows in the most active contracts on Friday, but managed to settle with only small declines as traders squared positions ahead of the weekend. Continued weakness in the global financial and energy markets over coronavirus fears remained a bearish influence, according to participants. […] Read more


Canola futures hold fairly steady

WINNIPEG, (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Thursday, closing with small gains in most months. Only the nearby March contract ended lower, as traders exited positions in the front month ahead of its expiry. Global equity markets continued to move lower on Thursday in response to mounting […] Read more

Canola futures hold steady

WINNIPEG,  (MarketsFarm) – The ICE Futures canola market held onto small gains on Wednesday after trading to both sides of unchanged, seeing some consolidation after hitting contract lows on Tuesday. Canola was thought to be looking oversold and due for a correction from a chart-standpoint, which accounted for some early speculative buying interest. End user […] Read more