WINNIPEG – ICE Futures canola contracts were weaker at the end of trading on Monday. Much of the trade for the day pertained to the spread, according to a Winnipeg-based trader. He commented the technical bias has shifted to the downside and spec funds remained short. The ongoing Canada/China dispute could hurt any much needed […] Read more
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Canola down, facing numerous issues
Canola futures hold, wheat weakens
Winnipeg – ICE Futures canola contracts settled narrowly mixed on Friday, with losses in the front months and gains in the new crop contracts as traders squared positions ahead of the weekend. Declines Chicago Board of Trade soybeans and ongoing uncertainty over Canada’s trade dispute with China weighed on values throughout the day. However, the […] Read more
Canola futures up; wheat mixed
Winnipeg – ICE Futures canola contracts ended higher on Thursday, after trading to both sides of unchanged in choppy activity throughout the session. Gains in Chicago Board of Trade soybeans and soyoil provided some underlying support, amid increasing optimism over the possibility of a trade deal between the United States and China. However, uncertainty over […] Read more
Canola futures drop for first time in five days
Winnipeg – ICE Futures canola contracts were weaker on Wednesday, posting losses for the first time in five days as speculative short-covering dried up and the bearish underlying fundamentals weighed on prices. Large old crop supplies and the ongoing uncertainty over Chinese demand accounted for much of the weakness, with expectations for a burdensome carryout […] Read more
Canola follows soybeans to stronger finish
Winnipeg – ICE Futures canola contracts were stronger on Monday, taking some direction from the Chicago soy complex. Speculators covering their large short positions accounted for some of the buying interest, according to participants. Spring road bans and a lack of significant farmer selling provided additional support. However, uncertainty over the trade situation with China […] Read more
Canola futures hold steady; wheat weaker
WINNIPEG – ICE Futures canola contracts were steady at the end of trading on Friday. Earlier in the day, the May canola contract hit C$459.60 per tonne, by slipped back to C$455.30 per tonne for a gain of 10 cents compared to yesterday’s close. A Winnipeg-based trader said there wasn’t a clear reason as to […] Read more
Short trading boosts canola; wheat futures weaker
WINNIPEG, (MarketsFarm) – ICE Futures canola contracts were stronger at the end of trading on Thursday, as a large amount of short trading provided a bounce in bids. Also support came from traders who are preparing for tomorrow’s United States Department of Agriculture quarterly reports on Prospective Planting and Grain Stocks. Although there hasn’t been […] Read more
Canola futures dip on trade tensions
WINNIPEG – ICE Futures canola contracts were weaker at the end of trading on Wednesday, as tensions between Canada and China has continued to weigh on values. Canadian Prime Minister Justin Trudeau said on Tuesday he will consider sending a high-level delegation to China to discuss the ongoing situation between the two countries. His announcement […] Read more
Canola, soybeans drop
Commodity prices were hit hard today as soybeans retreated to near one week-old lows. Canola felt the soybean decline as well as pressure from Chinese trade issues nationally. May canola fell $5, reaching $451.70, July canola was down $5.60 to$459.60, November canola felt the pain following $6.20 to $471.60. March canola for 2020 did a […] Read more
Canola finishes up; wheat stronger
WINNIPEG – Canola finished the day higher, despite soft news details on where the Chinese market is on oilseeds, including Canadian ones. March canola fished the day on ICE at $457.30, up $3.40 per tonne, followed by July up $3.10 to $465.60 and November up $3.80 to $478.60. March 2020 marched in, up $6.70 on […] Read more
