Futures

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm—The ICE Futures canola market was stronger on Tuesday, nearing chart resistance as activity resumed after Monday’s National Day for Truth and Reconciliation. Reports that Iran launched a ballistic missile attack on Israel sent crude oil climbing higher, with world vegetable oil markets also rising amid the escalating conflict. European […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Tuesday, recovering from overnight losses as activity resumed after Monday’s National Day for Truth and Reconciliation. Chicago soyoil futures were higher on Monday when the canola market was closed, accounting for some of today’s buying interest in the Canadian […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower on Tuesday as it resumed trading after the National Day For Truth and Reconciliation on Monday. European rapeseed and Malaysian palm oil were higher to start the day, while Chicago soyoil was down. Crude oil was also lower due to demand concerns and greater […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed modestly higher on Friday, partially recovering losses incurred yesterday with all contracts finishing the week above C$600 per tonne. Canola faced a fair amount pressure from declines in Chicago soyoil, European rapeseed and Malaysian palm oil. However, enough support was derived […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to pull back in most contracts by midday Friday, but flashes of a recovery were being seen. Canola was getting pressure from losses in Chicago soyoil, European rapeseed and Malaysian palm oil. Support was coming from strong gains in Chicago soybeans and […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was weaker Friday morning, seeing a continuation of Thursday’s retreat from nearby highs. A move back below C$600 per tonne in the November contract was bearish from a chart standpoint, bringing in additional selling pressure. Chicago soyoil, European rapeseed and Malaysian palm oil were […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close weaker on Thursday, despite recovering from losses earlier in the session. Pressure on the Canadian oilseed came from about-faces in the Chicago soy complex and in European rapeseed. Mounting declines in crude oil proved to be too much […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower again by midday Thursday, after recovering from losses earlier in the session. The declines were spurred on by a turnaround in the Chicago soy complex which had been on the rise. Also, European rapeseed was fading with its upfront contracts now […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was weaker Thursday morning with chart-based positioning a feature of the choppy trade. Overnight advances in Chicago soyoil provided spillover support, although the soy market backed away as the North American day session got underway and canola also moved off its session highs. […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, as its November contract pushed further above its now former resistance level of C$600 per tonne. A trader commented that support from technicals and short covering propelled canola upward. The November contract surpassed its 20 and 50-day moving […] Read more