Futures

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

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midday Thursday, although they stepped back from larger increases earlier. An analyst stated few in the trade believe Canadian canola production for 2024/25 will reach the 18.98 million tonnes estimated by Statistics Canada. He estimated the crop could be as […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market moved up by double-digits in nearby contracts Thursday morning, strengthened by comparable oils. Malaysian palm oil saw large gains, while Chicago soyoil was up by more than one United States cent per pound. European rapeseed and crude oil also moved higher. The Canadian dollar was […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures finished narrowly mixed on Wednesday, as choppy trading pushed the oilseed to either side of unchanged. That brought to a halt the latest rally in canola, but a trader said buyers remain eager to purchase it. He said they are concerned that […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher in choppy trading at midday Wednesday, after posting losses earlier. A broker said support for the Canadian oilseed comes from market concerns about the country’s canola crop being smaller than the 18.98 million tonnes projected by Statistics Canada. The federal […] Read more