Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, unable to get any direction from Chicago soyoil, which was virtually unchanged. An analyst said the recent surge in canola has been due to the significant hike in soyoil prices. Meanwhile Chicago soybeans nudged up and soymeal dipped […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Canola futures on the Intercontinental Exchange were lower on late Wednesday morning, following Chicago soyoil to the downside. An analyst said the recent spikes in canola were a “soyoil-led rally.” Now that the latter was lower, canola was as well. He added that should the forecast […] Read more

Glacier FarmMedia— The ICE Futures canola market was holding onto small gains Wednesday morning, although activity was choppy. Chicago soyoil was trading to both sides of unchanged in early trade, while soybeans and European rapeseed futures were higher. Malaysian palm oil held near unchanged. Chart-based positioning was a feature. While trendlines remain pointed higher, canola […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures managed to close higher for a third-straight day on Tuesday, after recovering from late session losses. Pressure on the Canadian oilseed came from a correction to the downside in Chicago soyoil following the latter’s upward surge. However, canola found support from gains […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – The rally in canola futures on the Intercontinental Exchange continued late Tuesday morning, with an analyst noting traders are skeptical about rain in the Prairie forecast. “Canola is still a rocket ship,” the analyst said. He added that if the rain does fall over the region […] Read more

Glacier FarmMedia — The ICE Futures canola market was holding onto small gains Tuesday morning, although activity was choppy as values ran into resistance to the upside. After rallying sharply higher for two straight sessions on the back of shifting biofuel policies out of the United States, canola was thought to be due for a correction […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were stronger on Monday in very heavy activity. Canola gleaned support from expanded limit up spikes in Chicago soyoil, which are propelled by proposed changes to United States biofuel policies. “It’s a game changer in the long term,” an analyst said. The analyst […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were stronger late Monday morning in heavy trading. There were double-digit gains in new crop canola, while old crop July had modest increases. Support came from spikes in Chicago soyoil and Malaysian palm oil. Chicago soybeans were mostly higher, but soymeal was […] Read more

Glacier FarmMedia — The ICE Futures canola market was stronger Monday morning, seeing a continuation of Friday’s rally. Chicago soyoil futures gapped higher in overnight activity, accounting for much of the spillover buying interest in canola, as markets remained supported by the latest biofuel policy developments out of the United States. Biofuel blending proposals from […] Read more

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lifted on Friday due to inflamed hostilities in the Middle East and speculation over biofuel blends in the United States. Israel launched attacks on Iran on Thursday night, targeting the latter’s nuclear program. The heightened tension in the Middle East caused crude oil […] Read more