Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made small gains on Tuesday morning despite overall support from comparable oils. Chicago soyoil, European rapeseed, and Malaysian palm oil were in positive territory. Crude oil was also higher as tensions in the Middle East outweighed hawkish sentiment from the United States Federal Reserve. The Canadian dollar […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Tuesday morning, seeing a continuation of Monday’s correction off contract lows. The nearby March contract moved back above the psychological C$600 per tonne level, which was supportive from a chart standpoint. Gains in Chicago soyoil accounted for some […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market rebounded on Monday, receiving support from a weaker Canadian dollar and positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, as well as crude oil. However, European rapeseed was down. Statistics Canada will release its Dec. 31 grain stocks report on Thursday, with […] Read more

The ICE Futures canola market rebounded in the middle of trading on Monday, receiving support from a weaker Canadian dollar amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was down. Crude oil was lower on expectations the United States Federal Reserve will wait longer to cut […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market hit fresh contract lows in overnight trade but managed to uncover some support to the downside and turned higher. Bearish chart signals and speculators adding to large net short positions continued to overhang the market. However, the market was also looking oversold […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures busted through their C$600 per tonne support level for the front contracts on Friday. Prices hit some of their lowest levels since September 2020. Increased farmer deliveries of canola coupled with lacklustre exports weighed on the oilseed’s values. Additional pressure on canola […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued lower at mid-session Friday, with the nearby March contract sliding below its C$600 per tonne support level. Pressure on canola was coming from an upswing in producer deliveries, be they unpriced or fulfilling commitments, according to a trader. The Canadian Grain Commission […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola contract showed some weakness on Friday morning following the lead of comparable oils. Chicago soyoil, European rapeseed, and Malaysian palm oil were  in negative territory. Crude oil also saw a decline as negotiations progress over the release of hostages between Israel and Hamas. The Canadian dollar was […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back on Thursday, due to pressure from weakness in the Chicago soy complex. While losses in European rapeseed added to the declines in canola, the Malaysian palm oil market remained closed for a holiday. After pushing upward, global crude oil prices […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at mid-session Thursday. However, concerns over the South American soybean crop were filtering in, according to a trader. “How big is the Brazil crop? How much damage is the Argentina crop taking from the current hot, dry situation?” the trader […] Read more