WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Monday to a three-week high, lifted by a rally in U.S. crop prices on hopes of improving U.S. exports. Under the trade agreement announced last week, Washington will reduce some tariffs on Chinese imports in exchange for Chinese purchases of agricultural, manufactured and energy products increasing by about […] Read more
Daily news
ICE canola futures touch 3-week high, boosted by U.S. rally
Short positions, good crusher demand pushes canola futures up
(Reuters) – ICE canola futures rose on Thursday as investors covered short positions following a sharp market decline on Wednesday, traders said. Good crusher demand also lent support. The January contract gained 1.2%, its biggest daily percentage gain in three months. January canola settled up $5.60 at $459.10 per tonne, while March futures ended $5.40 higher at $468.20. The […] Read more
U.S. reaches ‘deal in principle’ with China on trade: source
WASHINGTON, (Reuters) – The White House has reached a “deal in principle” with Beijing to resolve the 17-month U.S.-China trade war, according to a source briefed on the trade talks. The White House was expected to make an announcement later on Thursday, the source said. “The written agreement is still being formulated, but they have […] Read more
Canola futures end down on U.S. soy weakness, long liquidation
(Reuters) – ICE canola futures fell more than one percent on Wednesday on spillover weakness from allied U.S. soy futures along with long liquidation by speculators and lackluster export demand, traders said. A firmer Canadian dollar added to bearish sentiment, making Canadian products less competitive on the global market. January canola settled down $5.30 at $453.50 per tonne, while […] Read more
Canola futures mixed as holidays approach
WINNIPEG, Manitoba, (Reuters) – ICE canola futures finished mixed on Tuesday, with the day’s volume dominated by spread trading as investors rolled January contract positions forward ahead of an expected slowdown in trading during the upcoming year-end holidays. Rising soybean and palm oil prices provided underlying support to canola, as did solid demand from canola exporters and domestic crushers. Commercial […] Read more
Canola futures up for third straight session
WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Monday for a third straight session, boosted by gains in soyoil and palm oil. * Canola is also helped by Friday’s Statistics Canada report that estimated a much smaller Canadian canola harvest than expected, although diminished Chinese buying amid a diplomatic dispute limits demand, a trader said. * Statistics Canada pegged the […] Read more
Poor harvest boosts canola futures
WINNIPEG, Manitoba, Dec 6 (Reuters) – ICE canola futures rose on Friday after a Canadian government report showed the harvest fell well short of expectations after a wet autumn. * Statistics Canada pegged the Canadian canola harvest at 18.6 million tonnes, 1 million tonnes short of the average trade expectation. * A weaker Canadian dollar and strong soyoil prices […] Read more
StatCan lowers production numbers of Ontario’s major crops
WINNIPEG,(MarketsFarm) – Ontario farmers saw most of their crop production reduced in Statistics Canada’s latest crop report that was released on Dec. 6. Surveys for the report were carried out from Oct. 9 to Nov. 17 and are the final production numbers for 2019. Wet conditions this spring in southern Ontario was likely to have […] Read more
With steady feed prices, ample supplies, buyers delaying purchases
WINNIPEG, (MarketsFarm) – With good supplies available, don’t expect to see much movement in prices for feed wheat and barley over the next several months, according to Nelson Neumann, senior trader at Agfinity in Stony Plain, Alta. Neumann said barley currently was around C$223 per tonne Lethbridge delivered and wheat was a little back at […] Read more
ICE canola weekly outlook: Steady market waiting on news
Winnipeg, (MarketsFarm) – ICE Futures canola contracts moved lower during the week ended Dec. 4, but remain range-bound overall awaiting some fresh market moving news. Some direction could come from the United States soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline […] Read more
