Futures

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, as tightening supply projections remained supportive for the second day. Statistics Canada pegged 2024/25 canola production at 17.8 million tonnes on Thursday, which was down by over a million tonnes from an earlier estimate and well short […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market maintained its momentum from Thursday despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were both higher, while European rapeseed was down. Crude oil was also in negative territory. Statistics Canada released its principal field crop report on Thursday, cutting canola production by […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Thursday, finding support from Statistics Canada’s updated production estimates. StatCan lowered its call on the 2024/25 canola crop by 1.1 million tonnes from September, pegging it at 17.8 million tonnes. That was below average trade guesses and compares with […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, underpinned by declining production estimates. Statistics Canada cut its call on the country’s 2024/25 canola crop by 1.1 million tonnes from September, pegging it at 17.8 million tonnes. That was below average trade guesses and compares […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market received a huge boost on Thursday morning after the release of Statistics Canada’s principal field crop report. The data agency cut its previous 2024-25 canola production estimate to 17.8 million tonnes, seven per cent lower than the previous year’s amount. However, reports that Chinese buyers will […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, seeing a correction after moving higher the previous four sessions. Losses in Chicago soyoil and European rapeseed also weighed on values, although canola remains underpriced on the global export market. Malaysian palm oil continued to trade near contract […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking some direction from the Chicago soy complex. Chart-based positioning was a feature, with canola due for a correction after rising the previous four sessions. Losses in European rapeseed also weighed on values, although canola remains underpriced […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market underwent a correction on Wednesday morning to go with mixed sentiment in comparable oils. Chicago soyoil and European rapeseed were in negative territory, while Malaysian palm oil was slightly higher. Crude oil was also on the upside with OPEC+ planning to maintain its supply cuts until […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was up for the fourth session in a row on Tuesday, as gains in world vegetable oil markets provided support. Chicago soyoil recovered off nearby lows, while Malaysian palm oil hit fresh contract highs in overnight trade. European rapeseed was also stronger, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding onto small gains midday Tuesday, although well off its session highs as Chicago soyoil backed away from its own increases. January canola hit a session high of C$596.30 per tonne but was about C$10 off that level by midsession. Malaysian […] Read more