Futures

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains at midday Friday, with chart-based buying and spillover from outside markets underpinning values ahead of monthly supply/demand data from the United States. The U.S. Department of Agriculture releases its monthly supply/demand report at 11:00 CDT, with any […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, as chart-based positioning and gains in outside markets provided support. Malaysian palm oil, European rapeseed and Chicago soyoil futures were all higher on the day. The November canola contract was trading above its 100-day moving average, bringing […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was mixed at Thursday’s close, with losses in the front months and gains in the more deferred positions. November canola ran into resistance around C$620 per tonne for the second session in a row, settling well below that chart point. Seasonal harvest […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly weaker at midday Thursday, backing away from earlier advances in choppy trade. Chart-based positioning was originally supportive, but the nearby November contract ran into resistance around C$620 per tonne for the second session in a row. Gains in Chicago soyoil […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Thursday morning following gains in the overnight session. End-user bargain hunting and speculative short covering provided support. However, pressure on canola was coming from declines in the Chicago soy complex. Malaysian palm oil was relatively steady while European rapeseed […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled with small losses on Wednesday after trading to both sides of unchanged. The November contract ran into resistance at around C$620 per tonne, ending C$5 below that point. The advancing canola harvest remained a bearish influence in the background, with generally […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at midday Wednesday, consolidating near major chart resistance. Follow-through selling after Tuesday’s downturn had weighed on canola in early activity, but the market was correcting off its session lows as the day progressed. End user bargain hunting and speculative short […] Read more

ICE Canada Morning Comment: Canola racking up more losses By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were falling back Wednesday morning, due to a lack of support from comparable oils. The Chicago soy complex oil and Malaysian palm oil were lower while European rapeseed chalked up small increases. Growing losses […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday, seeing a profit-taking correction after climbing higher for the past few weeks. The November contract retested its 200-day moving average for the third session in a row overnight but was unable to hold at that level. Losses in crude […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, seeing a profit-taking correction after running into resistance. The November contract retested its 200-day moving average for the third session in a row overnight, but selling came forward at the highs. Losses in crude oil spilled […] Read more