Futures

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, seeing a continuation of Tuesday’s corrective bounce as chart signals remained pointed higher. Spillover from outside markets contributed to the gains, with Malaysian palm oil hitting fresh contract highs. Chicago soyoil and European rapeseed futures were also […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market rebounded Tuesday, following gains in vegetable oils. Malaysian palm oil rose sharply, while Chicago soyoil and European rapeseed were both higher. Crude oil declined slightly on Tuesday after suffering its worst one-day loss in two years on Monday. Statistics Canada reported Tuesday that 933,065 tonnes of […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market rebounded Tuesday, following gains in vegetable oils. Malaysian palm oil rose sharply, while Chicago soyoil and European rapeseed were both higher. Crude oil also increased slightly on Tuesday after suffering its worst one-day loss in two years on Monday. One analyst said that seasonal charts indicate […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market fell on Monday, pulled down by lower crude oil prices. Both Brent crude oil and West Texas Intermediate lost US$4 per barrel after Israel said it would only strike Iranian military targets and stay away from oil facilities. Chicago soyoil and European rapeseed were also dragged […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was falling in the middle of trade on Monday, pulled down by lower crude oil prices. Both Brent crude oil and West Texas Intermediate were down nearly US$4 per barrel after Israel said it would only target Iranian military targets and not oil facilities with […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Monday morning, correcting off the two-and-a-half month highs hit the previous week. Speculative positioning and farmer selling at the highs contributed to the declines. Sharp losses in crude oil spilled into the vegetable oil markets, as tensions in the Middle […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Friday after losing earlier gains this morning. Ongoing ideas of Canada’s canola crop likely to be well short of Statistics Canada’s estimate of 18.98 million tonnes continued to underpin the market. A number of projections put […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower at midday Friday, in a likely sell-off ahead of the weekend. November options are set to expire today with Oct. 31 scheduled for first notice day. An analyst commented canola was “overbought” stochastically, but noted the market wasn’t bearish. Pressure on […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small gains on Friday morning, supported by export demand while negative sentiment in the vegetable oils tempered the increases. Canola prices are being supported by provincial crop reports and farmers saying average canola yields are well below Statistics Canada’s projections, adding that actual production may […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday in an attempt to restart its upward trend. Export demand, especially that from China is believed to be behind the increases as there are concerns there might not be enough canola available for export. The trade leans towards […] Read more