Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market started Friday’s session sharply lower but managed to recover as the day progressed to settle with small gains. While losses in Chicago soybean futures put some pressure on values, soyoil posted solid advances and Malaysian palm oil neared contract highs. Talk of […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mixed at midday Friday, recovering from earlier losses as the market looked to be trying to consolidate ahead of the weekend. The nearby March contract hit a session low of C$613.40 per tonne in early activity, before uncovering support to trade C$10 […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, due to declines in comparable oils. There were losses in the Chicago soy complex while European rapeseed was mixed. The Malaysian palm oil market were closed for a holiday. Global crude oil prices were modestly lower, which added […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market dropped sharply lower on Thursday, as losses in the Chicago soy complex and bearish technical signals weighed on values. Short-term momentum indicators in the canola market had turned overbought, likely signalling an end to the recent uptrend in canola, according to an […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Thursday, as losses in Chicago soyoil spilled over to weigh on prices. European rapeseed was also weaker, while the Malaysian palm oil market was closed for a holiday. Chart-based speculative selling contributed to the declines in canola, […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Thursday morning, due to pressure from losses in the Chicago soy complex and European rapeseed. The declines in canola were tempered by increases in global crude oil prices. Canola crush margins remained relatively firm, with the old crop positions still […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Wednesday, failing to hold onto earlier gains as losses in Chicago soyoil and European rapeseed futures accounted for some spillover selling pressure. Increased farmer selling after the gains posted earlier in the week were also thought to be weighing on […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures incurred small losses on Wednesday morning, due to a lack of support from comparable oils. Chicago soyoil was virtually unchanged, but there were gains in soybeans and soymeal. European rapeseed was to the downside, but Malaysian palm oil closed higher. Modest upticks in […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Tuesday, with chart-based positioning a feature as the nearby March contract settled above its 20-day moving average for the first time in nearly two months. Gains in outside markets, including Malaysian palm oil and European rapeseed, provided underlying support. […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding onto small gains at midday Tuesday, as chart-based positioning had speculators covering some of their short positions. The March contract was trading above its 20-day moving average, bringing in some additional buying interest. Malaysian palm oil hit fresh two-month highs in […] Read more