Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures weaker at midday Wednesday due to selloffs by the funds and farmers, according to an analyst. Statistics Canada’s 900,00-tonne upward revision to the country’s canola crop on Monday remained a bearish feature overhanging the market, according to the analyst. He added that […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Wednesday morning, hitting fresh six-month lows as bearish technical signals had speculators adding to their large short positions. Losses in Chicago soyoil futures contributed to the softer tone in canola, with European rapeseed and Malaysian palm oil also weaker on […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange canola futures were weaker on Tuesday, as increased production and a lack of support from comparable oils weighed on values. Statistics Canada announced on Monday that canola production rose from 17.4 million tonnes in September to now 18.3 million. Also, canola output is higher […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange canola futures were lower at mid-morning Tuesday, as increased production numbers for Canada and Australia weighed on values for a second day. Statistics Canada raised its canola output number for 2023/24 from 17.4 million tonnes to now 18.3 million. Meanwhile, the Australian Bureau of […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market bounced around both sides of unchanged Tuesday morning, although the bias turned higher in choppy trade. Losses in Chicago soyoil and Malaysian palm oil futures accounted for some spillover selling pressure in the Canadian oilseed. However, soyoil moved off its lows and […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – Intercontinental Exchange canola futures closed lower on Monday, after giving up earlier gains. Pressure on the Canadian oilseed came from sharp losses in Chicago soybeans, along with more modest setbacks in Chicago soyoil and soymeal, plus those in Malaysian palm oil. There was support for canola […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 4 (MarketsFarm) – Intercontinental Exchange canola prices were higher at mid-morning Monday, despite Statistics Canada raising its production estimate for the oilseed. StatCan placed canola output for 2023/24 at 18.33 million tonnes, up from its September projection of 17.37 million, due to better than expected yields. However, last year […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was in a downturn on Friday as traders positioned themselves ahead of Statistics Canada’s principal field crop production report on Dec. 4. Losses in the Chicago soy complex hurt canola prices, while European rapeseed and Malaysian palm oil were also lower. Crude oil was slightly higher after […] Read more

The ICE Futures canola market was in a downturn on Friday as traders positioned themselves ahead of Statistics Canada’s principal field crop production report on Dec. 4. Losses in the Chicago soy complex were hurting canola prices, while European rapeseed and Malaysian palm oil were also lower. Crude oil was slightly higher after OPEC+ announced […] Read more

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 1 (MarketsFarm) – Intercontinental Exchange canola futures continued to fall back Friday morning, due to losses in comparable oils as the front contracts slipped below the C$700 per tonne psychological level. The Chicago soy complex was lower, however soyoil was close to unchanged. European rapeseed and Malaysian palm oil […] Read more