Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were a pinch higher at mid-session Thursday, as the larger gains from earlier in the session faded. A broker said support from the Chicago soy complex got things “out of the gate this morning.” He added the funds were buying to start the […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market saw its nearby contracts move upwards on Thursday morning to go along with largely positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher while crude oil also rose due to the International Energy Agency (IEA) projecting a supply deficit until the end of […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed mixed on Wednesday, after attempting to turn positive. A broker stated today’s dip in canola was due in part to farmer selling, as prairie cash prices reaching C$14 per bushel spurred producers to sell their canola ahead of spring planting. He […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were attempting to turn positive at mid-session Tuesday, coming off their earlier lows. “This is just routine seasonal rebounds and some short covering,” a broker commented. He also said farmer selling recently surged as cash prices climbed to C$14 per bushel across the […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market showed some weakness on Wednesday morning despite positive sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil are climbing higher. Crude oil is gaining more than US$1 per barrel after a report suggested a substantial decline in United States stockpiles. The Canadian dollar […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Tuesday, seeing a continuation of its recent rally as gains in outside markets provided support. Chart-based positioning was a feature, as values moved above some key moving averages and speculators holding record large short positions in canola were thought […] Read more

The ICE Futures canola market continued its recent rise on Tuesday morning, aided by largely positive sentiment in vegetable oils. European rapeseed was up while Malaysian palm oil was mostly higher. However, Chicago soyoil was slightly lower and crude oil was steady. The average value of Canadian farmland increased by 11.5 per cent in 2023, […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Monday, following the Statistics Canada report on principal field crop areas. StatCan projected canola acres in 2024 at 21.39 million down from last year’s 22.08 million. However, the weather outlook called for normal levels of precipitation through to spring, […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at mid-session Monday, following the principal field crop areas report from Statistics Canada. Planted canola acres were projected to drop to 21.39 million in 2024 from last year’s 22.08 million, according to StatCan. However, there has been some uncertainty […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was in positive momentum on Monday morning on the heels of supportive data from Statistics Canada (StatCan). The agency reported earlier today that the seeded area for Canadian canola is expected to decrease by 3.1 per cent from 2023-24 at 21.4 million acres due to lower […] Read more