Futures

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was making small gains at midday on Thursday despite getting little support from comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mixed. Crude oil was also lower after reports suggested that OPEC+ could further raise output in July. A […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Thursday morning, following the downward trend in comparable oils. There were declines in Chicago soybeans and soyoil, as well as European rapeseed and Malaysian palm oil. Chicago soymeal was up slightly. Losses in crude oil added pressure on the vegetable […] Read more

Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange took a breather on Wednesday, while new crop positions continued their upward momentum. Rain across the southern Prairies in the coming days will improve crop conditions, but they could also pressure prices. Weakening basis levels could also be an indicator of less […] Read more

Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange remained steady in the middle of trading on Wednesday while new crop positions were modestly higher. An analyst said rising soyoil prices should give canola a boost, but weakening basis levels could be an indicator of waning commercial demand. There are rains in the forecast for much of […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mixed on Wednesday morning, shedding much of their overnight increases. As canola gleaned support from gains in the Chicago soybeans and soyoil, there was pressure from losses in Chicago soymeal, Malaysian palm oil and European rapeseed. Increases in crude oil underpinned the […] Read more

Glacier FarmMedia | MarketsFarm – The July contract on the ICE Futures canola market made a large gain on Tuesday, surpassing the C$720 per tonne level before closing below it. New crop contracts were modestly higher. As canola takes a record long position, an analyst said demand for the oilseed must slow down. He estimated 22 […] Read more

Glacier FarmMedia | MarketsFarm – The July contract on the ICE Futures canola market continued its demand-based rally. Meanwhile, the new crop positions were narrowly mixed. An analyst said while demand for old crop canola needs to slow down, the price outlook is better than originally thought. He estimated 22 million tonnes would be required […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned mostly lower on Tuesday morning following the long weekend. While there were gains in the old crop July contract, the new crop positions eased back. Pressure on canola came from declines in Chicago soybeans and soyoil, while support was derived from gains […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, taking back some of Thursday’s losses as end user bargain hunting provided support. Chicago soyoil was softer on the day, but the declines there were subdued compared to Thursday’s limit-down move. Tightening old crop supplies remained supportive […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, taking back some of Thursday’s losses amid ideas the selloff was overdone. The old crop July contract was back above C$700 per tonne, which was supportive from a technical standpoint. “Canola is on sale,” said an analyst, […] Read more