WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Tuesday, with little firm direction, as traders focused on advancing positions to the next contract month. Funds were covering March short positions and moving them to the May contract which now has the largest open interest, a trader said. March canola lost 40 cents to $459.40 per tonne. March-May canola spread traded […] Read more
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ICE canola futures ease, traders roll positions ahead
Canola futures drop, follows soybeans
OTTAWA, (Reuters) – ICE canola futures fell on Monday on lower soybean oil prices. Farmers were not really selling, a trader said. Traders were spreading into soybean meal and selling soybean oil, which pressured canola. March canola dropped $1.50 to $459.80 per tonne. March-May canola spread traded 8,562 times. U.S. soybeans rose for the sixth straight day on expectations Beijing will meet […] Read more
ICE canola futures edge higher on weaker dollar, soybean gains
WINNIPEG, Manitoba, (Reuters) – ICE canola futures edged higher on Friday, helped by a weaker Canadian dollar and modest soybean strength. Rallies are limited by continued restraints shipping Canadian canola to China amid a diplomatic dispute, a trader said, adding that canola remains technically weak. March canola gained 30 cents to $461.30 per tonne. March-May canola spread traded 6,704 times. Chicago Board of Trade soybean […] Read more
ICE canola futures edge down slightly after three-day gain
OTTAWA, (Reuters) – ICE canola futures edged down on Thursday after a three-day gain. It was a reversal day on the market, a trade said, noting a lot of uncertainty remains about the impact of the U.S.-China Phase 1 trade deal. There was some selling and a little bit of export buying into the close, while spreading […] Read more
Feed Grain Weekly: Buyers not looking to make purchases
WINNIPEG,(MarketsFarm) – Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more
ICE canola futures rise for third day, helped by bargain-buying
WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Wednesday for a third straight day, boosted by bargain-buying after a recent selloff and limited farmer sales of their crops. Global oilseed strength, especially of palm, added to canola’s lift, a trader said. March canola added $6.80 to $461.70 per tonne. March-May canola spread traded 6,223 times. Canadian stocks of canola as of Dec. 31 […] Read more
Canola rebounds after hitting 3-month low
OTTAWA, (Reuters) – ICE canola futures rose on Monday after tumbling to a nearly three-month low on Friday amid ongoing fears about the potential impact an outbreak of coronavirus in China could have on the global economy. Oilseed markets appear to have stabilized and could rise provided coronavirus fears do not suddenly heat up again. The stock […] Read more
Canola drops to nearly three-month low
WINNIPEG, Man., (Reuters) – ICE canola futures tumbled on Friday to a nearly three-month low, reflecting a continued plunge of its fellow oilseeds, soyoil and palm. Fears that the spread of coronavirus could lead to a global slowdown have weakened commodities. March canola lost $5.90 to $450.50 per tonne. The contract fell as low as $450.10, the lowest nearby […] Read more
Coronavirus outbreak spooks markets; canola drops below supports
WINNIPEG,(MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended lower on Thursday, breaking through past support to the downside. The World Health Organization has declared the coronavirus outbreak in China to be an international public health emergency. The rapidly-spreading virus has spooked financial markets. The skittish mood has spilled over into commodity prices. A weaker […] Read more
Canola futures fairly steady on trading
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts ended steady to lower on Wednesday, retreating from gains earlier in the trading session. Rebounding prices for Malaysian palm oil and soyoil on the Chicago Board of Trade provided some support to canola values. Relative weakness to the Canadian dollar also gave canola boost, but it […] Read more
