WINNIPEG, Jan. 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished slightly higher on Wednesday, regaining some of the values lost yesterday. Support came from improved Chicago soyoil prices, as well as from stronger European rapeseed. However, lower Malaysian palm oil prices and the South American soybean harvest, which is just underway, weighed on […] Read more
Daily news
Canola futures finish slightly higher
Canola futures lower, follows seasonal trend
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, due to significantly weaker Chicago soyoil prices. At the Chicago Board of Trade soyoil lost six-tenths of cent. Also, a trader noted that canola prices have often retreated after making gains recently. He said this occurs quite often during mid-January. The extradition […] Read more
Tighter supplies and solid demand underpin Canadian durum bids
Winnipeg, (MarketsFarm) – Tighter global supplies are keeping the Canadian durum market well supported this winter, with firmer prices likely when the Port of Thunder Bay reopens for the spring. “We’re seeing a very strong export demand for durum,” said Jerry Klassen manager of Canadian operations with Swiss-based GAP S.A. Grains and Products in Winnipeg. […] Read more
Rise in loonie curbs canola purchasing
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Monday, spurred on by the rise in the Canadian dollar. By mid-afternoon Monday, the loonie climbed to 76.64 U.S. cents, compared to Friday’s close of 76.56. The stronger dollar made canola less attractive to importers. However, prices were slightly higher for most […] Read more
CGC revises domestic canola usage down, but still up on the year
Winnipeg,(MarketsFarm) – Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Jan. 12, but revisions to data show that the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more
Canola futures bounce back at week’s end
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were stronger on Friday, taking back much of the losses posted earlier in the week amid ideas those declines were overdone. A turn higher in Chicago Board of Trade soyoil and soybeans provided underlying support. A weaker tone in the Canadian dollar also underpinned the futures. However, […] Read more
Italy cracks mafia scam that defrauded EU agriculture
PALERMO, Italy (Reuters) – Italian police arrested 94 people in pre-dawn raids on Wednesday as part of an investigation into an alleged Mafia scam that defrauded European Union agriculture funds of millions of euros. Prosecutors said they believed the fraud was orchestrated by two Mafia clans in eastern Sicily who obtained at least 5.5 million […] Read more
Bargain hunting, slow sales hold canola futures steady
Winnipeg,(MarketsFarm) – ICE Futures canola contracts held steady on Thursday, seeing some consolidation after recent declines. After falling by roughly C$10 per tonne over the past week, canola was due for a correction and some bargain-hunting likely came forward to provide support. A lack of farmer selling contributed to the firmer tone in canola, as […] Read more
Soy declines a drag on canola futures
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were down sharply on Wednesday, as declines in Chicago Board of Trade soybeans and soyoil weighed on prices. China and the United States signed phase one of their trade deal in Washington on Wednesday. China agreed to buy more U.S. agricultural commodities, but the lack of details on […] Read more
China’s biggest potash producer risks delisting amid 3rd annual loss forecast
SHANGHAI, (Reuters) – China’s Qinghai Salt Lake Potash Co Ltd, the country’s largest producer of potash, has forecast its third consecutive annual loss, an outcome that could result in the company’s delisting from the Shenzhen Stock Exchange. In a stock exchange filing on Saturday, the state-owned firm forecast an operating loss for the fiscal year […] Read more
