Agriculture News Results

  • ICE Canola Futures Strengthen With Outside Markets

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger at midday Monday, taking some direction from outside vegetable oil markets. Chicago Board of Trade soyoil futures were posting solid gains, seeing a recovery after profit-taking weighed on values late last week. Malaysian palm oil and European rapeseed futures were also higher.

  • ICE Canada Morning Comment: Canola Making Gains

    To start off the last week of October, Intercontinental Exchange canola futures were higher Monday morning. Support was coming from gains in the Chicago soy complex, as well as Malaysian palm oil and European rapeseed. Tight supplies and this year's lackluster production continued to underpin canola values.

  • Indian Morning Briefing: Asian Markets Slightly Higher at Start of Week

    GLOBAL MARKETS DJIA 35677.02 73.94 0.21% Nasdaq 15090.20 -125.50 -0.82% S&P 500 4544.90 -4.88 -0.11% FTSE 100 7204.55 14.25 0.20% Nikkei Stock 28543.20 -261.65 -0.91% Hang Seng 26092.98 -33.95 -0.13% Kospi 3010.35 4.19 0.14% SGX Nifty* 18155.50 11.0 0.06%* Oct contract USD/JPY 113.76-77 +0.24% Range 113.83 113.47 EUR/USD 1.1645-48 0.00% Range 1.1650 1.1636 CBOT Wheat Dec $7.560 per bushel Spot Gold $1794.77/ oz 0.1% Nymex Crude $83.99 $1.49 US STOCKS.

  • ICE Grain/Oilseed Review: Canola Comes Off Its Lows

    WINNIPEG--Intercontinental Exchange canola futures finished weaker Friday, but came well off their lows and even made gains prior to the close. A trader said the liquidation of the November contract will pick up the pace during the next week. Losses in Chicago soyoil, European rapeseed and Malaysian palm oil weighed on values.

  • ICE Canola Midday: November's Expiry Pushing Down Prices

    Intercontinental Exchange canola prices remained lower at midday Friday following yesterday's losses as the expiry of the November options draw closer. "The liquidation in the November continues to accelerate," said a trader, noting that its open interest is rapidly declining. He added there has been profit-taking by some of the spec funds after the rally pushed canola prices far above C $900 per tonne.

  • ICE Canola Consolidating in Choppy Trade

    WINNIPEG--The ICE Futures canola market narrowly mixed Friday morning in choppy trade, seeing some consolidation ahead of the weekend after Thursday's profit-taking selloff. The Chicago Board of Trade soy complex was holding firm in early activity, providing some spillover support for canola. Ongoing concerns over tight supplies also underpinned the market, although demand is already being rationed at current price levels.

  • Indian Morning Briefing: Asian Markets Mostly Higher; Evergrande Shares Rise on Interest Payment Report

    GLOBAL MARKETS DJIA 35603.08 -6.26 -0.02% Nasdaq 15215.70 94.02 0.62% S&P 500 4549.78 13.59 0.30% FTSE 100 7190.30 -32.80 -0.45% Nikkei Stock 28904.05 195.47 0.68% Hang Seng 26055.14 37.61 0.14% Kospi 3007.30 -0.03 0.00% SGX Nifty* 18277.00 30.5 0.17%* Oct contract USD/JPY 114.02-03 +0.02% Range 114.21 113.82 EUR/USD 1.1625-28 0.00% Range 1.1634 1.1621 CBOT Wheat Dec $7.412 per bushel Spot Gold $1,784.75/ oz 0.1% Nymex Crude $82.63- $0.79 U.S. The S&P 500 inched higher to a...

  • ICE Closing Review: The Inevitable End to Canola Rally Strikes

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures dropped back on Thursday, most likely due to profit-taking according to a trader. Canola prices rallied for several days after they had been in a trading range for a number of weeks. The trader stressed the Canadian oilseed will need to remain expensive when going through the upcoming winter.

  • ICE Canola Midday: Profit-Taking Most Likely Behind Pull Back

    WINNIPEG--Intercontinental Exchange canola futures were taking a step back at midday Thursday most likely due to some profit-taking, according to a trader. For several days canola was swinging higher along with gains in other edible oils. "We got a sudden turn in the undertones, but nothing is collapsing by any means," the trader commented.

  • ICE Canola Futures Correcting Lower Thursday Morning

    WINNIPEG, Manitoba--The ICE Futures canola market was weaker Thursday morning, seeing a modest correction after posting gains for the previous six sessions. Canola was thought to be looking overpriced from both a technical and fundamental standpoint, with most of the recent strength tied to spillover from outside markets. Those outside markets were down on Thursday, with Chicago Board of Trade soyoil, European rapeseed and Malaysian palm oil all posting losses.

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