Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly higher on Wednesday morning amid mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up to start the day, while European rapeseed was mixed. Crude oil was lower after the International Energy Agency trimmed its 2024 growth forecast by 140,000 barrels […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted sharp losses on Tuesday, as a selloff in Chicago soyoil spilled over to weigh on values. European rapeseed and Malaysian palm oil futures were also lower. Widespread rains across the Prairies may delay seeding operations but were seen as beneficial for […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Tuesday, taking a step back from the five-month highs hit Monday. Losses in Chicago soyoil accounted for some spillover selling pressure. Traders reacted to news that used cooking oil was not included in newly announced United States tariffs […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market dipped into negative territory on Tuesday following weakness in comparable oils and the release of economic data from the United States. Chicago soyoil lost 1.5 U.S. cents per pound this morning, while European rapeseed and Malaysian palm oil were also lower. Crude oil was down after the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Monday, taking some direction from gains in Chicago soyoil. European rapeseed and Malaysian palm oil futures were also stronger. Chart-based speculative short-covering was a feature, with prices testing some key chart levels. The weekly Commitments of Traders report showed […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Monday, seeing some follow-through buying after Friday’s rally. Bullish technical signals contributed to the gains, with the new crop November contract moving above its 200-day moving average and the nearby July contract nearing resistance at C$670 per tonne. […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market came out of the weekend making small gains on Monday, thanks to mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were also up, while crude oil was on the rise due to signs China is trying to stimulate economic growth. European rapeseed was […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply higher on Friday, taking back most of the losses posted the previous two sessions as a rally in Chicago soyoil provided spillover support. Monthly supply/demand estimates from the United States Department of Agriculture included the agency’s first balance sheets for the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Friday, finding spillover support from Chicago soyoil as traders adjust positions ahead of the United States Department of Agriculture’s monthly supply/demand report. The monthly data will include the agency’s first balance sheets for the 2024/25 crop, with updates […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mixed on Friday morning despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher, while crude oil was also in the green due to rising chances of key interest rate cuts by the United States Federal Reserve. However, Malaysian palm oil […] Read more