Futures

WINNIPEG — The ICE Futures canola market rose sharply on Monday, correcting itself from contract lows on Friday and after the release of new data from Statistics Canada. One analyst expected StatCan’s new production figure for canola was lifting prices, but he also raised the possibility of increased buying from China. StatCan cut its 2024-25 […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market bounced higher in the middle of trading on Monday, correcting off Friday’s contract lows, after the release of satellite imagery-based data from Statistics Canada (StatCan). StatCan downwardly revised its 2024-25 canola production estimate by 520,000 tonnes at 18.98 million, down 1.1 per cent on the year but […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market dropped to its weakest levels in nearly four years on Friday, breaking below major chart support. The November contract had held above C$560 per tonne for the past month, but speculative selling quickly built on itself as the market fell below that level on […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Friday, falling below major chart support as some stops were likely triggered on the way down. The November contract broke below its former support at around C$560 per tonne and took out the next psychological level at […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market is showing some weakness on Friday morning, being pulled down by vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all down to start the day. However, crude oil was making small gains. The Canadian dollar was up nearly one-tenth of a United States […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market fell sharply lower on Thursday, setting fresh contract lows as bearish technical signals countered any support from gains in the Chicago soy market. Updated supply/demand numbers from the United States Department of Agriculture were generally neutral for the soy market, with yield estimates unchanged […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses at midday Thursday, in thin and choppy activity as traders await updated supply/demand data from the United States Department of Agriculture. Any surprises in the U.S. soybean production or usage numbers out at 11:00 CDT could spillover to provide direction […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market entered negative territory on Thursday morning as most comparable oils failed to show direction. Chicago soyoil is steady, while European rapeseed is mostly higher and Malaysian palm oil is mostly lower. However, crude oil is up by more than US$1 per barrel. The Canadian dollar is […] 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 in choppy activity. The most-active November contract held onto gains for most of the session but settled roughly C$10 per tonne off its highs for the day and below […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains at midday Wednesday in choppy trade. The November contract had traded as high as C$579.00 per tonne overnight before selling came forward to take prices below the psychological C$570.00 per tonne mark and some buying interest resumed. Chicago soyoil […] Read more