WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished in the red on Monday after initially starting the day stronger. One trader said canola prices had “shown some resilience” given the strong Canadian dollar and lower soyoil prices on the Chicago Board of Trade. High crush margins had encouraged buying, which supported values. However, […] Read more
Daily news
Canola futures drop, but show resilience
Ocean freight rates trending lower
WINNIPEG – The Baltic Dry Index has fallen sharply over the past four months, dropping below 1,000 points to start the New Year. A slowdown in iron-ore activity, as high prices have had Chinese mills buying up domestic inventories rather than importing from overseas, accounted for much of the general weakness in the freight sector, […] Read more
Canola down after Baghdad drone attack affects markets
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower Friday, due to weaker values in the Chicago soy complex. That in turn was due to the drone attack by the United States that killed a top Iranian general in Baghdad on Friday. The attack quickly increased tensions in the Middle East, which negatively […] Read more
ICE Canola Weekly: Prices could break out of range
WINNIPEG, (MarketsFarm) – With canola presently near the top end of its range, prices could break out of being range-bound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil […] Read more
Canola starts the year with gains
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher Thursday, due to support from Malaysian palm oil and Chicago soyoil. However an analyst said remains to be seen if canola remains range-bound. He cautioned that with low volumes trading, any moves can easily be exaggerated. The Canadian dollar weighed on values. There were […] Read more
Canola futures back away from 2-month highs
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small losses on Monday, backing away from the two month highs hit last week as traders adjusted positions ahead of the holidays. The North American agricultural markets will close early on Tuesday, with the ICE canola market remaining closed through Christmas and Boxing Day. Trade […] Read more
Canola futures finish stronger
WINNIPEG, Dec. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Friday, amid light and choppy trade activity. Earlier in the week, canola values received a boost from strong trading activity and profit-taking ahead of the holidays. However, that activity has largely tapered off. Strong domestic crush margins have also been favourable […] Read more
Canola futures weaken after gains
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished weaker on Wednesday, taking back gains made earlier in the week. Weakness in the soy complex on the Chicago Board of Trade weighed on canola values. Soybean prices were lower after posting gains for four consecutive days. Vegetable oil markets were lower today due to […] Read more
Namibia rushes to drill boreholes as worst drought in a century bites
WINDHOEK, (Reuters) – Namibia’s dam water levels have almost halved from already low levels as the worst drought in more than 100 years pushes the desert nation closer to famine. Dams nationwide were at 19.3 percent of capacity compared to 35.6 percent this time last year, water utility Namwater said, a drop officials blame on […] Read more
Beijing statements on trade deal differ from those of U.S. on imports, timing
(Reuters) – The U.S.-China trade deal announced on Friday will be signed in early January, U.S. trade negotiators say. However, subtle but important differences between what U.S. and Chinese officials say has been agreed upon have arisen in recent days, including about timing. The White House and Beijing have been locked in a 17-month trade […] Read more
