Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains at Wednesday’s close but finished well off its session highs. Speculative positioning and end-user bargain hunting provided some early support for canola. However, farmer selling came forward at the highs and values drifted back towards unchanged. The November […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Wednesday, taking back some of Tuesday’s losses amid ideas the downturn was overdone. End-user bargain hunting, as Canadian canola remains attractively priced compared to most other global oilseeds, contributed to the gains. The move back above C$600 per […] Read more

The ICE Futures canola market rebounded on Wednesday morning due to rising vegetable oil prices. Chicago soyoil, European rapeseed and Malaysian palm oil were all in positive territory. Meanwhile, crude oil was slightly lower after Tuesday’s price drop. The Canadian dollar was up more than one-tenth of a United States cent compared to Tuesday’s close. […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Tuesday, falling below nearby chart support as activity resumed after the Thanksgiving weekend. The Chicago soy complex was down sharply on Monday when the canola market was closed. Soybeans remained pointed lower on Tuesday, although a recovery in soyoil […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, with speculative selling a feature as activity resumed after the Canadian Thanksgiving weekend.   The Chicago soy complex was down sharply on Monday when the canola market was closed. Soybeans remained pointed lower on Tuesday, although a […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains at Friday’s close, finishing well off its highs for the session as a downturn in the Chicago soy complex weighed on prices. Speculative short covering and solid end-user demand underpinned the canola market, with the November contract trading […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains at midday Friday, with chart-based buying and spillover from outside markets underpinning values ahead of monthly supply/demand data from the United States. The U.S. Department of Agriculture releases its monthly supply/demand report at 11:00 CDT, with any […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, as chart-based positioning and gains in outside markets provided support. Malaysian palm oil, European rapeseed and Chicago soyoil futures were all higher on the day. The November canola contract was trading above its 100-day moving average, bringing […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was mixed at Thursday’s close, with losses in the front months and gains in the more deferred positions. November canola ran into resistance around C$620 per tonne for the second session in a row, settling well below that chart point. Seasonal harvest […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly weaker at midday Thursday, backing away from earlier advances in choppy trade. Chart-based positioning was originally supportive, but the nearby November contract ran into resistance around C$620 per tonne for the second session in a row. Gains in Chicago soyoil […] Read more