Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the upswing at mid-session Friday, although gains were fading. A trader said most markets experienced strong gains earlier in the day due to “chatter about the potential for an Iranian attack on Israel or the United States.” Those heightened Middle East […] Read more

The ICE Futures canola market was posting gains Friday morning amid ideas Thursday’s selloff was overdone. Strength in the Chicago soy complex provided spillover support to the Canadian oilseed, with European rapeseed also higher on the day. However, Malaysian palm oil was weaker overnight as activity resumed in that market after a two-day holiday. Weakness […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were weaker on Thursday, as they fell back with losses in comparable oils. Pressure on canola came from steep declines in Chicago soyoil, along with more modest losses in soybeans and European rapeseed. Some support came from gains in soymeal. Lower global […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were weaker by mid-session Thursday, as they followed declines in comparable oils. There were sharp losses in Chicago soyoil along with more moderate pullbacks in soybeans and European rapeseed. Meanwhile, soymeal bumped up. Decreases in global crude oil prices added more pressure on […] Read more

The ICE Futures canola market was weaker Thursday morning, with chart-based positioning a feature ahead of the release of the United States Department of Agriculture’s monthly supply/demand report later in the day. The USDA data will include updated ending stocks estimates and production numbers out of South America, with any surprises likely to set the […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed mostly higher on Wednesday, as trading bounced back and forth on either side of unchanged. Support for canola came from gains in European rapeseed and Chicago soyoil, but those were kept in check by losses in Chicago soybeans and soymeal. The […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower by mid-session Wednesday. Pressure on canola was coming from losses in the Chicago soy complex, with soyoil down by more than four-tenths of a cent per pound. Support was derived from gains in European rapeseed while the markets in Malaysia […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, with chart-based positioning a feature as values held above major moving averages. Gains in outside markets, including Chicago soyoil and European rapeseed, provided spillover support. A weaker tone in the Canadian dollar contributed to the strength […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed steady to higher on Tuesday, as most contracts barely hung on to their gains. Support for the Canadian oilseed came from upticks in European rapeseed and Malaysian palm oil. However, pressure from losses in the Chicago soy complex almost proved to […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were beginning to climb upward by mid-session Tuesday, and a trader noted they were doing better than other vegetable oils. “There are no major weather tensions yet, but we know we have some issues on the Prairies,” the trader stated, noting most of […] Read more