ICE Canola Midday: Prices higher, but could turn into losses

Mixed support from comparable oils

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Friday, but an analyst said those “might not be able to hold.” However, the analyst added that so far, it’s “a sunny day in canola.” He said one factor that could determine where canola goes would be […] Read more

Global Markets: Killer record heat persists

Thousands dead throughout Northern Hemisphere

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   As record heat continued to bring scorching temperatures on Friday to regions of the Northern Hemisphere, the death toll has risen into the thousands of people. Hundreds of Muslim pilgrims died […] Read more


ICE canola showing signs of strength

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was on the positive side of unchanged on Friday morning after heavy losses on Thursday. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. Crude oil also showed small losses despite declines in United States stockpiles. The Canadian dollar was down […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

Greenback, crude oil balancing off each other

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was relatively steady on Friday morning, in light of small upticks in the United States dollar and crude oil. As of 8:31 am CDT, the loonie was at US$0.7297 or US$1=C$1.3703 compared to Thursday’s close of US$0.7300 or US$1=C$1.3698. On the U.S. Dollar Index, […] Read more






North American Grain and Oilseed Review: Canola, U.S. prices falls hard

Good conditions equal price declines

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned weaker on this first day of summer, as the July contract closed slightly below its support level of C$600 per tonne. Losses in the Chicago soy complex and European rapeseed weighed on canola values, as gains in Malaysian palm attempted to […] Read more



ICE Canola Midday: Prices fighting to reach positive levels

About a third of Prairie crops developing slowly

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower at midsession Thursday, as support from gains in comparable oils slipped back. Following the Juneteenth holiday, upticks in Chicago soyoil were fading while soybeans and soymeal were already weaker. European rapeseed was mostly lower and there were increases in Malaysian palm […] Read more