Futures

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger late Thursday morning, riding the spillover from sharp gains in crude oil. Crude continued its rally as the Middle East war carried on. That saw increases in MATIF rapeseed and Malaysian palm oil. “The market is starting to understand how (the […] Read more

     Glacier FarmMedia — ICE canola futures were stronger Thursday morning, hitting their highest levels in seven months. The Iran war kept crude oil values climbing higher on Thursday, with that strength spilling into the vegetable oil markets. Gains in Chicago soyoil, Malaysian palm oil and European rapeseed futures were all contributing to the firmer […] Read more

SOYBEAN futures at the Chicago Board of Trade eased back on Wednesday, due to market uncertainty being generated by the Middle East war. However, Chicago soyoil climbed higher as crude oil turned narrowly mixed after shedding its earlier losses. Ahead of the weekly export sales report from the United States Department of Agriculture on Thursday, […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Wednesday, after a bout of choppy trading. Canola increased as Chicago soyoil found traction later in today’s session. However, declines in MATIF rapeseed and Malaysian palm oil capped the upside in the Canadian oilseed. Crude oil was trading steady to lower, after […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were narrowly mixed Wednesday morning in choppy trading. A trader said it’s very hard to get a bead on what’s happening with canola and other commodities as things change “minute to minute and hour by hour” due to the war in the Middle […] Read more

     Glacier FarmMedia — ICE canola futures were narrowly mixed Wednesday morning, seeing some consolidation after climbing higher earlier in the week. Energy markets were also stabilizing on Wednesday after their initial bullish reaction to the escalating conflict in the Middle East. Chicago soyoil, European rapeseed and Malaysian palm oil futures were mostly lower Wednesday […] Read more

SOYBEAN futures at the Chicago Board of Trade were higher on Tuesday, as the conflict between the United States and Iran continued to drive up crude oil prices and cause market volatility. In Monday’s fats and oils report from the U.S. Department of Agriculture, January soyoil stocks of 2.43 billion pounds expanded by nearly 34 […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger for a second day on Tuesday, propelled higher by the upswing in crude oil. Air strikes against oil facilities in the Middle East and the de facto closure of the Strait of Hormuz pushed crude up sharply for another session. That generated increases […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to advance late Tuesday morning, as the trading of air strikes in the Middle East was in its fourth day. Crude oil prices added more large gains on top of those from Monday. The spillover underpinned the vegetable oils, with increases in […] Read more

     Glacier FarmMedia — ICE canola futures were stronger Tuesday morning, seeing a continuation of Monday’s rally as activity in outside markets remained supportive. Crude oil was sharply higher for the second day in a row, as the conflict in the Middle East intensified and Iran ordered the closure of the Strait of Hormuz. Chicago […] Read more