Futures

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

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was on the rise Friday morning, following a relatively positive jobs report from Statistics Canada. As of 8:37 am CDT, the loonie was at US$0.7329 or US$1=C$1.3644 compared to Thursday’s close of US$0.7304 or C$1.3692. On the U.S. Dollar Index, the greenback nudged up […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Thursday, as losses in Chicago soyoil weighed on values and canola continued to back away from nearby highs. European rapeseed and Malaysian palm oil futures were also weaker on the day, adding to the softer tone in canola. Chart-based […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Thursday, backing away from overnight gains as losses in the Chicago soy complex spilled over to weigh on values. European rapeseed and Malaysian palm oil futures were also weaker on the day, adding to the softer tone in […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mostly lower on Thursday morning amid mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil both traded in the red, while European rapeseed was in positive territory. Crude oil was steady as speculation of OPEC+ increasing output was offset by a large draw in […] Read more

The ICE Futures canola market was weaker on Wednesday, with profit-taking after recent gains behind some of the selling pressure. Widespread Prairie rains contributed to the declines as drought concerns eased. Increased farmer selling, a lack of significant export demand and expectations for large ending stocks also weighed on values. Losses in the Chicago soy […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses at midday Wednesday, seeing a modest correction after climbing to its highest levels of 2024 on Tuesday. Widespread rains across much of Western Canada contributed to the selling pressure, as drought concerns ease across much of the Prairies. Increased farmer […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was retreating on Tuesday morning, largely due to weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all trading in the red. Meanwhile, crude oil was also down due to a reduced geopolitical risk premium and speculation over growing United States inventories. The […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its week-long rally on Tuesday, with many contracts hitting their highest levels of 2024 so far. Bullish chart signals remained supportive, as momentum indicators were pointing higher, and speculators continued to cover short positions. Gains in Chicago soyoil and Malaysian palm oil […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly higher on Tuesday morning, despite mixed sentiment in comparable oils. While Malaysian palm oil and Chicago soyoil were higher, European rapeseed was in the red. Crude oil came down amid shifting outlooks with regards to the Israel-Hamas war. The Canadian dollar was down one-tenth of […] Read more