U.S. soybeans rise, as corn, wheat decline By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed higher for a second consecutive session on Tuesday. Support came from an upswing in the Chicago soy complex, especially with soyoil climbing two-thirds of a cent per pound. An analyst said increases in canola need […] Read more
North American Grain and Oilseed Review: More gains for canola
ICE Canola Midday: Needing to stay above C$600/tonne
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange swung higher late Tuesday morning, benefiting from gains in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil. However, small declines in crude oil applied some pressure on the vegetable oils. An analyst said the November contract needed to remain […] Read more
ICE canola rising off nearby lows Tuesday morning
Glacier FarmMedia — The ICE canola market was stronger Tuesday morning, as values continued to consolidate above nearby lows. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed and Malaysian palm oil also higher on the day. Seasonal harvest pressure tempered the upside, with poor export demand also keeping the gains in […] Read more
North American Grain and Oilseed Review: Canola swings higher
Losses across the board in Chicago ahead of U.S. farm aid package By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found traction on Monday, closing higher after a day of choppy trading. An analyst said harvest pressure on canola has begun to recede. The combining of the oilseed across the Prairies […] Read more
ICE Canola Midday: Prices narrowly mixed
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange was either side of unchanged on Monday morning in choppy activity. Support for canola was mixed, with small increases spilling over from Chicago soyoil and MATIF rapeseed. While Malaysian palm oil was either side of steady, there were declines in Chicago […] Read more
ICE canola rising to start week
Glacier FarmMedia — The ICE canola market was posting small gains Monday morning, consolidating above nearby lows to start the week. Advances in Chicago soyoil provided spillover support. European rapeseed was also higher, although Malaysian palm oil was lower. The canola harvest was nearing completion across Western Canada, although recent precipitation may cause delays for […] Read more
North American Grain/Oilseed Review: Grains, oilseeds in negative territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange erased yesterday’s gains on Friday due to harvest pressure, less demand and weaker vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil made gains after Russia attacked Ukrainian natural gas facilities Thursday night. An analyst said November canola may try […] Read more
ICE Midday: Pressure returns for canola
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were going down in the middle of Friday trading, mainly due to weaker vegetable oils, harvest pressure and a lack of exports. Chicago soyoil, European rapeseed and Malaysian palm oil were down. However, crude oil was higher after Russia attacked Ukrainian natural gas facilities last night. […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, as the advancing Prairie harvest and a lack of support from most comparable oils weighed on values. Saskatchewan reported its provincewide harvest reached 84 per cent finished with the canola at 71 per cent complete. Alberta is set […] Read more
North American Grain/Oilseed Review: Canola, soybeans rise again
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were higher on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil was steady, European rapeseed was mostly higher and Malaysian palm oil was up. Crude oil lost more than US$1 per barrel on speculation OPEC+ might raise output in November. An analyst said […] Read more