Winnipeg – The ICE Futures canola market was weaker on Thursday, dipping below nearby chart support in thin and choppy activity. Improving moisture conditions in parts of Western Canada accounted for some of the selling pressure. However, there are also still plenty of areas of concern across the Prairies to keep some weather premiums in […] Read more
Daily news
Canola drops after better growing conditions, U.S. markets closed
Canola futures drop; wheat rallies
Winnipeg – The ICE Futures canola market moved lower in most months on Wednesday. A stronger tone in the Canadian dollar and improving crop prospects in parts of Western Canada contributed to the declines. However, gains in the Chicago Board of Trade soy complex helped temper the losses. Chart support also held to the downside, […] Read more
Canola, wheat futures weaker
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, as chart-based selling and spillover from the losses in Chicago Board of Trade soybeans weighed on values. Soybeans were down on Monday, when the canola market was closed for Canada Day, and remained pointed lower today. Speculators adding to their net short positions […] Read more
Soybeans bring strength to canola futures
Winnipeg – The ICE Futures canola market was stronger on Friday, as a rally in Chicago Board of Trade soybeans provided support. Updated acreage estimates from the United States Department of Agriculture came in well below expectations for soybeans, pegging this year’s U.S. crop at only 80 million acres. The resulting strength in soybeans pulled […] Read more
Canola futures down, but steadies
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were mostly lower on Thursday, in the new crop months. The rise in the Canadian dollar this week spurred a sell-off of canola, according to a Winnipeg-based trader. However, the markets have largely stabilized and have been looking for direction. The trader said it’s unlikely bids will […] Read more
West Coast elevator slated for demolition
A contaminated grain terminal that once played an important role in the growth of the Canadian grain industry will soon disappear from the Vancouver waterfront. Pacific Elevator 3, a grain storage facility consisting of 42 concrete grain silos and other structures will be removed from the south shore of Vancouver Harbour by early next year, […] Read more
Canola futures lowest in a month
Winnipeg, (MarketsFarm) – The ICE Futures canola market moved lower on Wednesday, hitting their lowest levels in over a month as bearish technical signals and heightened concerns over Chinese trade weighed on values. China has now banned all imports of Canadian pork and beef, as the diplomatic dispute between the two countries shows no signs […] Read more
Canola futures drop sharply
Winnipeg (MarketsFarm) – The ICE Futures canola market was down sharply on Tuesday, breaking below nearby chart support as speculators turned to the sell side. Recent rainfall across Western Canada accounted for some of the selling pressure, as dryness concerns have alleviated somewhat. Losses in Chicago Board of Trade soybeans and soyoil also weighed on […] Read more
Canola futures weaker after rains
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Monday, as rains across the Prairies over the weekend had speculators taking some of the weather premium out of the market. Large old crop supplies and the ongoing trade dispute with China also continued to weigh on values, according to participants. Positioning ahead of […] Read more
Rain cuts canola weather premium, futures lower
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were lower on Friday, as more rain has been forecast for the Prairies this weekend. The Prairies received 15 to 65 millimeters of rain over most of the region this week. While the precipitation was helpful to struggling crops, it wasn’t enough to end dry conditions. However, […] Read more
