Futures

Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their rally on Thursday, supported by vegetable oils and the Chicago soy complex. Chicago soybeans gained 20 cents per bushel, while soyoil was steady. European rapeseed was up, while Malaysian palm oil was down. Crude oil lost nearly US$2 per barrel after the United States […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher in the middle of Thursday trading amidst mostly negative sentiment in comparable oils. Crude oil lost more than US$2 per barrel after the United States and Iran agreed to meet in Oman on Friday. Chicago soyoil and Malaysian palm oil were also in […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Thursday morning in an attempt to shed overnight losses. Gains in Chicago soybeans and soymeal offered support, but there were losses in Chicago soyoil and MATIF rapeseed while Malaysian palm oil held relatively steady. Crude oil was weaker, putting […] Read more

Glacier FarmMedia — Canola futures on the Intercontinental Exchange closed Wednesday on a high note, with the March contract surpassing the C$650 per tonne level. An analyst said March canola’s next target is C$670/tonne, just above its 200-day moving average.      Chicago soyoil was higher with support from two fronts. The United States Treasury Department […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were boosted by vegetable oils in the middle of Wednesday trading, which allowed the March contract to surpass the C$650 per tonne level. Chicago soyoil continued its rally, which was aided by United States President Donald Trump’s announcement that China has agreed to purchased 20 million […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Wednesday morning, getting support from other vegetable oils. There were increases in Chicago soyoil, MATIF rapeseed and Malaysian palm oil, but losses in Chicago soybeans and soymeal. Crude oil was relatively steady, providing little direction to the veg oils. The […] Read more

Glacier FarmMedia -– Canola futures at the Intercontinental Exchange on Tuesday rebounded from Monday’s losses, thanks to support from comparable oils.      An analyst said that the canola trade was getting “back to fundamentals” and a move above C$650 per tonne would be supportive from a chart standpoint. However, he questioned if the market would […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise in the middle of Tuesday trading with Chicago soyoil helping lift prices. Chicago soyoil was up one United States cent per pound, while European rapeseed was also higher. Malaysian palm oil was slightly lower. Crude oil was also moving upward as it […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gleaning support from increases in the comparable oils. Chicago soyoil was up sharply with more modest gains in soybeans, as well as MATIF rapeseed and Malaysian palm oil. Upticks in crude oil spilled over into the vegetable oils. […] Read more

Glacier FarmMedia -– Canola prices on the Intercontinental Exchange weakened on Monday in what an analyst called a “macro selloff” hit the markets, especially in crude oil.      Crude oil fell by more than US$3 per barrel as tensions eased between the United States and Iran. Chicago soyoil and Malaysian palm oil were down, while […] Read more