Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Thursday morning following gains in the overnight session. End-user bargain hunting and speculative short covering provided support. However, pressure on canola was coming from declines in the Chicago soy complex. Malaysian palm oil was relatively steady while European rapeseed […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled with small losses on Wednesday after trading to both sides of unchanged. The November contract ran into resistance at around C$620 per tonne, ending C$5 below that point. The advancing canola harvest remained a bearish influence in the background, with generally […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at midday Wednesday, consolidating near major chart resistance. Follow-through selling after Tuesday’s downturn had weighed on canola in early activity, but the market was correcting off its session lows as the day progressed. End user bargain hunting and speculative short […] Read more

ICE Canada Morning Comment: Canola racking up more losses By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were falling back Wednesday morning, due to a lack of support from comparable oils. The Chicago soy complex oil and Malaysian palm oil were lower while European rapeseed chalked up small increases. Growing losses […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday, seeing a profit-taking correction after climbing higher for the past few weeks. The November contract retested its 200-day moving average for the third session in a row overnight but was unable to hold at that level. Losses in crude […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, seeing a profit-taking correction after running into resistance. The November contract retested its 200-day moving average for the third session in a row overnight, but selling came forward at the highs. Losses in crude oil spilled […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pulled back Tuesday morning, following other comparable oils to the downside. In a corrective move there were losses in the Chicago soy complex, European rapeseed and Malaysian palm oil. Crude oil as well was lower, adding more pressure on the oilseeds. Despite the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, hitting fresh two-month highs as speculative short-covering provided support. The November contract settled just below its 200-day moving average. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, providing spillover support. However, […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Monday, continuing its uptrend of the past few weeks. The November contract was trading above its 200-day moving average at midsession, with the supportive chart signal thought to be bringing in additional speculative short-covering. Chicago soyoil, European rapeseed […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher Monday morning, getting spillover from increases in European rapeseed and Malaysian palm oil. However, declines the Chicago soy complex tempered further upticks in canola. Crude oil was on the rise, lending support to the vegetable oils. The November canola contract […] Read more