Futures

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Wednesday, retreating from earlier gains after running into chart resistance. Strength in the Canadian dollar following the latest interest rate announcement from the Bank of Canada accounted for some of the relative weakness in canola, with the currency […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was narrowly mixed at midday Wednesday, with the old crop July contract showing some strength and the new crop months posting small losses. July canola was trading just below C$700 per tonne at midday, running into resistance after an earlier attempt at […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil was down, Malaysian palm oil was up and European rapeseed was steady. Crude oil also changed very little as OPEC+ raising output and Canadian wildfires cancelled each other out. The Canadian […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Tuesday, taking back some of Monday’s losses amid ideas those declines were overdone. Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed, Malaysian palm oil and crude oil also higher. Tight old crop supplies and […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains at midsession in “turnaround Tuesday” activity amid ideas Monday’s losses were overdone. Strength in outside markets provided spillover support. Chicago soyoil, European rapeseed and Malaysian palm oil were all up on the day, while advances in crude oil […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market tried to claw its way back on Tuesday morning after sustaining sharp losses on Monday. While Chicago soyoil was steady, there were increases in Malaysian palm oil and most European rapeseed contracts. Crude oil made gains due to increased tensions between Russia and Ukraine and ongoing […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Monday, falling below nearby chart support as losses in Chicago soyoil weighed on values. The old crop July and new crop November contracts both fell below their 20-day moving averages, with the July futures trading under C$700 per tonne for […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market exited the weekend in negative territory partly due to a stronger Canadian dollar. The loonie was up three-tenths of a United States cent compared to Friday’s close, approaching the 73-cent mark. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. However, crude […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures closed lower on Friday, due to pressure from the Chicago soy complex, especially sharp losses in soyoil. Additional pressure came for declines in Malaysian palm oil, while European rapeseed was higher. Crude oil was narrowly mixed, offering little direction to the vegetable oils. […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were lower late Friday morning, getting pressure from sharp declines in Chicago soyoil. An analyst said uncertainty over United States biofuel policies is driving down soyoil futures, with the spillover pulling down canola. Losses in Chicago soybeans and Malaysian palm oil added […] Read more