Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger Friday morning, continuing to correct off the two-month lows hit earlier in the week. Chart-based positioning ahead of the weekend was a feature, as values held above major technical support levels. Gains in European rapeseed futures and the Chicago soy […] Read more

  By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted solid gains on Thursday, seeing a continuation of Wednesday’s corrective bounce. Chart-based speculative buying was a feature, with some stops likely hit as contracts moved back above some key technical levels. Gains in Chicago soybeans and European rapeseed futures provided spillover […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, seeing a continuation of Thursday’s corrective bounce off nearby lows. Chart-based speculative positioning was a feature, with the July contract moving back above some major moving averages. Gains in Chicago soybeans and European rapeseed futures provided spillover support. […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Thursday morning, building on yesterday’s gains. Increases in the Chicago soy complex, European rapeseed and Malaysian palm oil lent support to the Canadian oilseed. Global crude oil prices were relatively steady, which provided little direction to the vegetable oils. While […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, taking back about half of yesterday’s steep losses. This came despite sharp declines in crude oil prices, which would normally place a great pressure on the oilseeds. Support for canola came from upticks in Chicago soybeans and soyoil, […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Wednesday, taking back a portion of yesterday’s sharp losses. “You break the market 20 to 30 bucks, you’re not going to get the follow through,” a trader commented about recent sessions. He noted the commodity funds haven’t pressed the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market traded to both sides of unchanged Wednesday morning, seeing some consolidation after dropping sharply lower on Tuesday. Yesterday’s selloff was bearish from a chart standpoint, encouraging some additional speculative selling overnight. However, support was also uncovered to the downside, with the market participants […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Tuesday, getting pressure from declines in comparable oils. A trader emphasized that canola has turned weaker due largely to sharp losses in Chicago soyoil. He said there’s been reduced demand for soyoil from the biofuel sector. Added to that […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were weaker at mid-session Tuesday, due to declines in comparable oils. “We got a sharp break in [soyoil],” a trader commented, noted the commodity has been prone to pullbacks recently. He said those losses in soyoil are a result of reduced demand from […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Tuesday morning, as sharp losses in outside vegetable oil markets spilled over to weigh on prices. Chicago soyoil futures fell to fresh contract lows, hitting their weakest levels in three years as heavy deliveries against the May contract weighed on the […] Read more