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
Daily news
Canola, soybeans down; wheat mixed
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
Record canola stocks affects futures
WINNIPEG – Intercontinental Exchange Futures canola contracts were down slightly on Wednesday, after being up for most of the session. Bids fell in the final 30 minutes of trading, which ended a rally that began yesterday. At one point on Wednesday, the July contract reached a high of C$444.90 per tonne, but ended the day […] Read more
Canola drops for seventh day after Trump’s tariff tweet
WINNIPEG – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, for a seventh consecutive session of losses. ICE and the Chicago Board of Trade dropped today following a tweet by U.S. President Donald Trump, in that he would hike tariffs on imports from China. Trump accused China of dragging out trade negotiations and […] Read more
Louis Dreyfus in talks to sell equity stakes
(Reuters) — European agricultural commodities house Louis Dreyfus Company is in talks with investors about selling equity stakes in the company, potentially opening up the family controlled business to outside capital for the first time in its 168-year history, Bloomberg reported today. Louis Dreyfus is seeking partners to buy equity and help it expand in […] Read more
Canola hits new lows due to trade disputes
Winnipeg – ICE Futures canola contracts fell to fresh contract lows for the fourth-straight session on Thursday as the market continued to lack any supportive news. Bearish technical signals, Canada’s ongoing trade dispute with China, losses in Chicago Board of Trade soybeans, and a lack of end user demand all weighed on values. While expectations […] Read more
Canola futures drop again; wheat rebounds
Winnipeg – ICE Futures canola contracts continued their downward slide of the past week on Wednesday, as speculators remained on the sell side adding to their large short positions. In addition to the bearish chart signals, losses in Chicago Board of Trade soyoil, large old crop supplies, and the ongoing trade tensions between Canada and […] Read more
