Futures

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

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Friday morning, as losses in the Chicago soy complex spilled over to weigh on values. Soyoil futures were down sharply amid uncertainty over biofuel demand in the United States, as the government is said to be considering clearing a large backlog of requests […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – There was a significant turnaround for Intercontinental Exchange canola futures on Thursday, with the Canadian oilseed finishing higher. After trading was choppy this morning, canola pushed lower but pulled a U-turn to the upside. A trader said there’s a tug-of-war going on in canola with support […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were pulling back late Thursday morning, as price rationing has likely worked said a trader. “Demand may have evaporated in the short term, which the market needed to do,” said the trader. He noted the market now has become a tug-of-war between […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Thursday morning, seeing some follow-through selling after Wednesday’s downturn. Losses in Chicago soybeans and soyoil added to the bearish tone, with European rapeseed and Malaysian palm oil also lower on the day. The old crop July contract was testing its 20-day moving average […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back on Wednesday due to rain in next week’s Prairie weather forecast. The much-needed moisture is to help alleviate dry conditions throughout most of the region. Today’s losses wiped out all of Tuesday’s increases and a little bit more. Additional pressure […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures fell back late Wednesday morning, erasing yesterday’s gains. A trader said the threat of rain for next week was pressuring canola. This comes after dryness across most of the Prairies pushed canola higher, along with tight old crop supplies which still hover […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower Wednesday morning, taking back some of Tuesday’s gains. The largest losses were in the old crop July contract, as the old/new crop spread narrowed in. Losses in Chicago soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday due to bullish chart signals. The July contract remained handily above its major moving averages. Tighter old crop supplies continued to underpin canola as did concerns over increasing dryness across much of the Prairies. Support for canola also […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Tuesday, as bullish chart signals and gains in outside markets provided support. Fresh optimism over a possible announcement on renewable fuel blending obligations in the United States this week underpinned the Chicago soy complex, which contributed to […] Read more