Winnipeg – ICE Futures canola contracts were stronger on Tuesday, taking some direction from gains in Chicago Board of Trade soybeans and soyoil. After dropping sharply on Monday, canola was looking overdone to the downside and due for a corrective bounce, according to participants. Signs of improving export demand were also supportive. However, exports continue […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Canola, soy fall in tandem
Winnipeg (CNS Canada) – ICE Futures canola contracts were weaker on Monday, as losses in Chicago soyoil and other world vegetable oil markets weighed on prices. Chart-based speculative selling contributed to the declines, as prices fell to their lowest levels in three weeks. Large commercial supplies and concerns over Chinese demand also weighed on values, […] Read more
Canola and wheat finish mixed
(CNS Canada) – ICE Futures canola contracts were mixed at Friday’s close, with losses in the front months and gains in the new crop contracts. Bearish technical signals weighed on prices early in the day. Large old crop supplies, concerns over declining Chinese demand and strength in the Canadian dollar also put some pressure on […] Read more
Weaker dollar, cold weather, holds canola
Winnipeg – ICE Futures canola contracts saw some wide price swings on Thursday before settling within a dollar of either side of unchanged. Weakness in the Canadian dollar was a major supportive influence, as the currency fell by another half of a cent relative to its United States counterpart and crush margins widened. A lack […] Read more
Pulse surplus likely to lower U.S. acreage
Large crops followed by poor export demand has led to burdensome supplies and cut into pulse prices in the United States, which should cut into acreage for peas, lentils, and chickpeas in 2019, according to an industry official. “With the trade issues we’re facing right now, we have quite a surplus,” said Shannon Berndt, executive […] Read more
ICE Canola Weekly Outlook: Farmers advised to price some new crop
Winnipeg – ICE Futures canola contracts held within a narrow trading range during the week ended Feb. 6, as participants await some fresh market moving news. While the sideways trading range could persist in the near term, an analyst said new crop futures were at decent levels and encouraged farmers to do some forward pricing. […] Read more
Canola stronger, but wheat drops
Winnipeg – ICE Futures canola contracts were stronger on Wednesday, as improving crush margins and chart-based speculative buying provided support. Chicago Board of Trade soyoil futures were up sharply on the day, while the Canadian dollar fell below 76 U.S. cents. Crush margins were supported as a result, which underpinned the canola market. However, the […] Read more
Large supplies weaken canola contracts
Winnipeg – ICE Futures canola contracts were weaker on Tuesday, taking back most of Monday’s gains as confirmation of large supplies weighed on values. Statistics Canada reported record high canola stocks in the country as of Dec. 31, at 14.5 million tonnes. The burdensome stocks were generally in line with market expectations given the slow […] Read more
Canola holds stronger with soy support
Winnipeg – ICE Futures canola contracts were stronger on Monday, as gains in Chicago Board of Trade soyoil provided some support. Weakness in the Canadian dollar, solid demand from domestic crushers and supportive chart signals also underpinned the futures. However, ample supplies in the commercial pipeline kept a lid on the upside, according to participants. […] Read more
Canola ends week on uptick
Winnipeg — ICE Futures canola contracts settled with small gains on Friday, as end-of-the-week positioning helped the market move higher for the first time in five days. Optimism over improving trade relations between the United States and China gave the soybean market in Chicago a boost on Friday, with some of that buying interest spilling […] Read more
