Winnipeg – ICE Futures canola contracts posted sizeable gains on Wednesday, with continued strength in the Chicago Board of Trade soy complex behind some of the spillover buying interest. While wet fields and seeding delays across the United States Midwest boosted soybean prices, canola found additional support from worries over dryness in parts of Western […] Read more
Daily news
Weather boosts canola futures
Canola future break upwards
Winnipeg – ICE Futures canola contracts were up sharply on Tuesday, breaking out of their nearby trading range as a rally in Chicago Board of Trade grains and oilseeds provide support. Weather concerns across the Midwest sparked the buying interest in the United States futures, with excessive moisture delaying corn and soybean seeding in the […] Read more
Canola rebounds slightly at week’s end
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Friday, with a trader noting the markets will continue to be choppy and nervous. He said this will continue with the transition from unsettled spring weather to summer-like weather during June. Also, the trader pointed out canola can only do so much on its […] Read more
Oils drop again; dryness beginning to be a worry
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, as lower soybeans prices at the Chicago Board of Trade weighed on values. The July contract fell C$4.00 at C$441.80 per tonne. The November contract dropped C$3.60 at C$455.00 per tonne. Dryness across much of Western Canada has been supportive of prices. The […] Read more
Dry conditions offer support to canola prices
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were stronger on Wednesday, in a light volume of trading. The July contract was up C$3.40 at C$445.80 per tonne. The November contract gained C$3.90 at C$458.60 per tonne. Dry conditions across the Prairies has meant canola planting has been quick this spring. However, that dryness has […] Read more
Canola, soybeans down; wheat mixed
Winnipeg – ICE Futures canola contracts settled lower on Friday, taking some direction from Chicago Board of Trade soybeans and soyoil. After largely ignoring sharp losses in the soy complex for most of the session, heavy selling came forward in canola in the final 15 minutes. Large old crop supplies and uncertainty over trade relations […] Read more
Canola down slightly; wheat mixed
Winnipeg – ICE Futures canola contracts settled with small losses on Wednesday, after a volatile trading session that saw prices bounce around within a wide range. Speculative short-covering provided support for much of the day, with a lack of significant farmer selling on the other side also underpinning the futures as producers remain focused on […] Read more
Canola futures mixed; wheat makes gains
Winnipeg – ICE Futures canola contracts were mixed at Monday’s close, with the most active July contract seeing a late correction off of earlier losses. Losses in Chicago Board of Trade soybeans and soyoil put spillover pressure on the canola market for most of the day, as heightened trade tensions between China and the United […] Read more
Canola futures down again after trade dispute
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were down on Friday, with light volumes in trading. The negative effects from United States/China trade talks were felt in the canola market today, with spillover from soybeans on the Chicago Board of Trade. The July canola contract lost 90 cents at C$435.80 per tonne. The November […] Read more
Trade issues still hitting canola
WINNIPEG – Intercontinental Exchange Futures canola contracts were down on Thursday, but recovered from larger losses earlier in the day. The July contract closed at C$436.70 per tonne after hitting C$434.00 per tonne at one point in the session. The November contract closed at C$450.30 after it fell to C$447.40. A trader stated canola prices […] Read more
