Futures

Glacier FarmMedia — The ICE Futures canola market settled narrowly mixed on Tuesday after trading to both sides of unchanged in choppy activity. Gains in Chicago soyoil and soybeans provided spillover support, with solid monthly crush data behind some of the strength in that market. However, European rapeseed was lower on the day, while many […] Read more

Glacier FarmMedia — Canola futures on the Intercontinental Exchange were slightly higher on Tuesday with the May contract briefly exceeding the C$680 per tonne level. There was no canola trading on Monday due to a holiday in Canada. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil was lower […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Friday, as the oilseed backed away from contract highs reached yesterday. Today’s losses in the new crop contracts were smaller than those in the old crop positions. The canola market will be closed on Monday for a holiday. Pressure on canola came […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday morning, following the Chicago soy complex to the downside. MATIF rapeseed was easing back as well after it hit new contract highs on Thursday. There were small increases in Malaysian palm oil that tempered the losses in canola. Crude […] Read more

     Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back some of Thursday’s advances as contracts consolidated just under nearby highs. Intermonth spreading remained a feature, with participants rolling out of the March contract and into the May. The May contract settled above its 200-day moving average on Thursday but was back […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures close higher on Thursday but stepped back from exceeding their resistance levels. Resistance for the March and May contacts are seen as being C$670 and C$680 per tonne, respectively. News that China extended its investigation into alleged canola dumping by Canada to March 9, and […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following news on China’s investigation into alleged canola dumping by Canada. The Chinese Ministry of Commerce said on Thursday that it’s extending its probe into the allegations to March 9 and will make a “fair and final ruling” […] Read more

     Glacier FarmMedia — ICE canola futures were firm Thursday morning, finding spillover support from advances in outside markets. The Chicago soy complex was boosted by optimism over improving trade relations between China and the United States. However, large Brazilian crop prospects tempered the upside in beans. European rapeseed futures were also higher, while Malaysian […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Wednesday, getting pressure from losses in Chicago soyoil, MATIF rapeseed and Malaysian palm oil. Increases in crude oil helped to temper further declines in the vegetable oils. A trader said canola turned lower, he continued, because prices were beginning to dissuade purchases […] Read more

Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Wednesday in heavy volumes, correcting off nearby highs. Chart-based positioning was a feature, as the March contract ran into technical resistance at its 200-day moving average around C$667 per tonne on Tuesday. Losses in Chicago soybeans and soyoil accounted for some additional spillover selling […] Read more