Markets

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Monday, as the multi-day rally likely ran out of steam, said an analyst. The analyst said the technicals largely propelled the rally with the funds taking it as far as they could. Also, the increases were to entice reluctant farmers to sell […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower late Monday morning, with one analyst pessimistic about what he believes is likely to happen. “We’ve had a great technical rally because the farmer is not selling,” the analyst said. “He’s thinking that because of Chinese purchases, they’re going to keep […] Read more

Glacier FarmMedia — Canola futures on the Intercontinental Exchange showed minimal losses on Monday morning as strength in the loonie and weaker crude oil prices outweighed increases in vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil showed gains. However, crude oil was down as production is set to resume at a Kazakhstani oil […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed out Friday on a positive note after bouncing either side of unchanged. Canola continued to ride the market’s generally positive attitude toward last week’s Canada-China agreement on reducing tariffs. There was also spillover from gains in MATIF rapeseed and the Chicago soy complex. However, […] Read more