Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued their upward trend on Wednesday morning, amid speculation the November contract could return to C$600 per tonne. The Canadian oilseed pushed above its 20-day moving average. However, November canola remained well back of other technical resistance levels. Support was spilling over from […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market continued to expand its gains on Tuesday with help from most comparable oils. Chicago soyoil and European rapeseed were both on the rise, while crude oil was also higher as traders await the United States Federal Reserve’s key interest rate decision on Wednesday. However, Malaysian palm […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to expand its gains on Tuesday with help from most comparable oils. Chicago soyoil and European rapeseed were both on the rise, while crude oil was also higher as traders await the United States Federal Reserve’s key interest rate decision on Wednesday. However, Malaysian palm […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange continued upward on Tuesday morning, building on Monday’s sharp gains. Canola was drawing support from upticks in Chicago soybeans and soyoil, along with European rapeseed. Losses in Malaysian palm oil and Chicago soymeal applied pressure on the Canadian oilseed. Small increases […] Read more

WINNIPEG — The ICE Futures canola market rose sharply on Monday, correcting itself from contract lows on Friday and after the release of new data from Statistics Canada. One analyst expected StatCan’s new production figure for canola was lifting prices, but he also raised the possibility of increased buying from China. StatCan cut its 2024-25 […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market bounced higher in the middle of trading on Monday, correcting off Friday’s contract lows, after the release of satellite imagery-based data from Statistics Canada (StatCan). StatCan downwardly revised its 2024-25 canola production estimate by 520,000 tonnes at 18.98 million, down 1.1 per cent on the year but […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market dropped to its weakest levels in nearly four years on Friday, breaking below major chart support. The November contract had held above C$560 per tonne for the past month, but speculative selling quickly built on itself as the market fell below that level on […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Friday, falling below major chart support as some stops were likely triggered on the way down. The November contract broke below its former support at around C$560 per tonne and took out the next psychological level at […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market is showing some weakness on Friday morning, being pulled down by vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all down to start the day. However, crude oil was making small gains. The Canadian dollar was up nearly one-tenth of a United States […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market fell sharply lower on Thursday, setting fresh contract lows as bearish technical signals countered any support from gains in the Chicago soy market. Updated supply/demand numbers from the United States Department of Agriculture were generally neutral for the soy market, with yield estimates unchanged […] Read more