Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market regained positive momentum on Monday morning thanks to support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all on the rise this morning. Crude oil was higher due to the deadly terrorist attack in Russia last weekend and a bullish outlook from […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market retreated on Friday, pressured by weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower. Crude oil prices also had modest declines. The Canadian Grain Commission reported only 101,100 tonnes of canola exports during the week ended March 17, less than […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market retreated on Friday in the middle of an overall down day for grains and comparable oils. The Canadian Grain Commission reported only 101,100 tonnes of canola exports during the week ended March 17, less than half from the previous week. Cumulative exports for the 2023-24 marketing year […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Friday morning after trading to both sides of unchanged in overnight activity. Canola futures climbed to their highest levels since the beginning of January earlier this week, before seeing a modest correction on Thursday. Chart-based positioning kept the bias lower […] Read more

Glacier FarmMedia MarketsFarm -– The ICE Futures canola market took a step back on Thursday, losing some of its gains from Wednesday. Chicago soyoil, Malaysian palm oil and European rapeseed were all lower. Crude oil continued to pull back despite tightened United States stockpiles. At mid-afternoon, the Canadian dollar was up more than one-tenth of […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back in the middle of Thursday trading, losing some of its gains from Wednesday. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mixed. Crude oil continued to pull back despite tightened United States stockpiles. The Canadian dollar was up […] Read more

The ICE Futures canola market was holding onto small gains Thursday morning, finding follow-through strength after climbing sharply higher on Wednesday. The May contract climbed above the psychological C$640 per tonne level on Wednesday to close at its highest level since early January, with a move above C$650 per tonne on Thursday encouraging additional chart-based […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market had its best trading day in 2024 on Wednesday, finding some support from vegetable oils. Agriculture and Agri-Food Canada (AAFC) lowered its production forecast for 2024-25 canola to 18.1 million tonnes on Tuesday, which compares with the February estimate of 18.4 million. Projected carryout for the upcoming […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its ongoing rise in the middle of trading on Wednesday, finding support from vegetable oils. Chicago soyoil, Malaysian palm oil and European rapeseed are higher. Grain trade group Coceral estimated this year’s combined European Union and United Kingdom rapeseed crop at 20.2 million tonnes, 1.1 […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market remained pointed higher Wednesday morning, as bullish technical signals and speculative positioning underpinned values. Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil futures all higher on the day. Agriculture and Agri-Food Canada lowered its […] Read more