Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market looked to end the week on a positive note, supported by comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all trading higher on Friday. Crude oil was up due to tightened United States stockpiles and signs of a slowdown in inflation. There will be […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Thursday, underpinned by chart-based positioning and ideas losses earlier in the week were overdone. Gains in Chicago soyoil provided spillover support, although soybeans were mixed. European rapeseed and Malaysian palm oil futures traded near unchanged, providing little direction. Concerns […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, underpinned by chart-based positioning and ideas losses earlier in the week were overdone. Gains in Chicago soyoil provided spillover support, although soybeans were lower. European rapeseed and Malaysian palm oil futures were trading near unchanged, providing little […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made moves to the upside on Thursday morning amid mixed sentiment in comparable oils. Chicago soyoil was higher, while European rapeseed traded in both sides of unchanged and Malaysian palm oil was lower. Crude oil also made slight gains. The Canadian dollar was down less than […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Wednesday, retreating from early gains as chart-based speculative buying gave way to increased farmer selling. Early strength in Chicago soybeans and soyoil had provided support, but beans turned lower and soyoil moved off its session highs. Widespread rains across […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Wednesday, underpinned by chart-based positioning. Ideas that Tuesday’s losses were overdone had speculators back on the buy side of the market, with a firmer tone in Chicago soybeans and soyoil also providing some spillover support. European rapeseed and […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly higher on Wednesday morning amid mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up to start the day, while European rapeseed was mixed. Crude oil was lower after the International Energy Agency trimmed its 2024 growth forecast by 140,000 barrels […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted sharp losses on Tuesday, as a selloff in Chicago soyoil spilled over to weigh on values. European rapeseed and Malaysian palm oil futures were also lower. Widespread rains across the Prairies may delay seeding operations but were seen as beneficial for […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Tuesday, taking a step back from the five-month highs hit Monday. Losses in Chicago soyoil accounted for some spillover selling pressure. Traders reacted to news that used cooking oil was not included in newly announced United States tariffs […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market dipped into negative territory on Tuesday following weakness in comparable oils and the release of economic data from the United States. Chicago soyoil lost 1.5 U.S. cents per pound this morning, while European rapeseed and Malaysian palm oil were also lower. Crude oil was down after the […] Read more