Futures

The ICE Futures canola market was weaker on Wednesday, with profit-taking after recent gains behind some of the selling pressure. Widespread Prairie rains contributed to the declines as drought concerns eased. Increased farmer selling, a lack of significant export demand and expectations for large ending stocks also weighed on values. Losses in the Chicago soy […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses at midday Wednesday, seeing a modest correction after climbing to its highest levels of 2024 on Tuesday. Widespread rains across much of Western Canada contributed to the selling pressure, as drought concerns ease across much of the Prairies. Increased farmer […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was retreating on Tuesday morning, largely due to weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all trading in the red. Meanwhile, crude oil was also down due to a reduced geopolitical risk premium and speculation over growing United States inventories. The […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its week-long rally on Tuesday, with many contracts hitting their highest levels of 2024 so far. Bullish chart signals remained supportive, as momentum indicators were pointing higher, and speculators continued to cover short positions. Gains in Chicago soyoil and Malaysian palm oil […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly higher on Tuesday morning, despite mixed sentiment in comparable oils. While Malaysian palm oil and Chicago soyoil were higher, European rapeseed was in the red. Crude oil came down amid shifting outlooks with regards to the Israel-Hamas war. The Canadian dollar was down one-tenth of […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market climbed to its highest levels in four months on Monday, as speculative short covering built on itself, and prices moved above several key chart points. Gains in outside markets added to the firmer tone in the Canadian oilseed, with Chicago soyoil, European […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains Monday morning, as bullish technical signals provided support. The July contract moved above the psychological C$650 per tonne level, which brought in additional chart-based speculative buying, according to participants. Gains in outside markets added to the firmer tone in […] Read more

The ICE Futures canola market started the week on a positive note, receiving support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the green on Monday morning. Crude oil also increased as tensions continued in the Middle East and Saudi Arabia moved to raise prices in Asia. The Canadian […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Friday for the third consecutive day. Support came from gains in Chicago soybeans and soymeal, as well as European rapeseed. Losses in Chicago soyoil weighed on canola values while Malaysian palm oil was relatively steady. Crude oil prices slipped […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Friday, continuing to build on gains following Tuesday’s sharp losses. “If we can close up five dollars [per tonne] on canola…we’ll be in great shape,” an analyst commented, but noted that Chicago soyoil was lower. While that applied some […] Read more