Market Wire

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 31 (MarketsFarm) – The ICE Futures canola market was mixed on Monday, with losses in the nearby March contract and gains in the more deferred months. Speculative positioning was a feature on the last trading day of the month. Gains in Chicago Board of Trade soybeans provided some underlying […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 31 – (MarketsFarm) – The ICE Futures canola market was mixed at midday Monday, lacking any clear direction to start the week. Speculative positioning was a feature, as traders continue to exit the nearby March contract. Gains in Chicago Board of Trade soybeans provided some underlying support for the […] Read more

By MarketsFarm WINNIPEG, Jan. 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Weekend protests in Ottawa over vaccine mandates were described as mainly peaceful by police, although a number of incidents were reported – including protestors disrespecting the Tomb of the Unknown Soldier and a […] Read more

WINNIPEG, Jan. 31 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures saw gains in the old crop months on Monday morning, building on the increases from the overnight session. However, the lightly-traded new crop positions were narrowly mixed. Support was coming from significant upticks in the Chicago soy complex and Malaysian palm oil, as well as […] Read more

By MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was weaker on Friday, continuing its slide relative to its United States counterpart ahead of the weekend. The Canadian dollar closed at US$0.7830 or US$1=C$1.2772 on Friday, which compares with Thursday’s North American close of US$0.7867 or US$1=C$1.2712. The weakness in the currency came despite […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were mostly higher on Friday, backing away from much larger increases earlier in the session. Significant upticks in global crude oil prices gave way to smaller increases, taking away a measure of support for edible oils. However, canola still benefitted from […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures surged higher at midday Friday, especially in the old crop contracts. A trader said canola was attempting to catch up to other edible oils. He stated the way is being led by Malaysian palm oil, with Indonesia “playing the market beautifully.” […] Read more

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 28 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, with speculative buying a feature amid a number of supportive influences. The Chicago Board of Trade soy complex was up sharply in early activity, with soyoil hitting fresh contract highs. Malaysian palm oil and European rapeseed futures […] Read more

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – One day after United States President Joe Biden warned of a possible Russian invasion of Ukraine next month, Russian Foreign Minister Sergei Lavrov said in a radio interview that the country won’t start a war in Ukraine, but […] Read more