Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto the previous day’s gains on Thursday despite a bearish acreage report from Statistics Canada (StatCan). StatCan reported in its principal field crop acreage estimates released this morning that Canadian farmers planted 22 million acres of canola this spring, well above trade estimates. Chicago soyoil, […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, with double-digit gains in most of the contracts. An analyst stated the increases were due to a combination of the technical charts, fundamentals, plus weather and crop conditions on the Prairies. He noted that contracts were oversold and […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger at midsession Wednesday, after experiencing a string of losses. An analyst said the turnaround was likely due to the technical charts, fundamentals, along with weather and crop conditions on the Prairies. He noted prices plummeted by at least C$100 per tonne […] Read more

The ICE Futures canola market attempted to bounce back on Wednesday morning after having double-digit losses on Tuesday. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was mixed. Crude oil was steady ahead of the release of United States stockpile data later today. The Canadian dollar was down two-tenths of a U.S. […] Read more

The ICE Futures canola market was sharply lower on Tuesday, breaking below nearby chart support. Bearish technical signals contributed to the declines, with some stops likely hit on the way down as speculators added to their large net short positions. A lack of significant end user demand on the other side added to the weaker […] Read more

The ICE Futures canola market remained pointed lower at midday Tuesday, hitting fresh three-month lows as bearish technical signals and losses in outside markets weighed on values. Monday’s close below C$620 per tonne in the November contract did damage from a chart standpoint, with speculative traders adding to their large net short positions on Tuesday. […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market sunk to their lowest prices in three months on Tuesday morning due to insufficient support from comparable oils. While Chicago soyoil was slightly higher, European rapeseed and Malaysian palm oil were down. Crude oil was also lower despite geopolitical conflicts in Yemen and Russia. The Canadian […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, hitting fresh three-month lows. The most-active November contract tested the psychological C$620 per tonne level on several occasions during the session, settling just below the key chart point. Losses in Chicago soyoil accounted for some spillover selling pressure […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small losses at midday Monday, as contracts continued to consolidate in a narrow range just above nearby support. The November contract briefly dipped below the psychological C$620 per tonne level but managed to recover to hold above that key chart […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower coming out of the weekend due to negative comparable oils and a stronger Canadian dollar. Chicago soyoil and Malaysian palm oil were both down on Monday morning, while European rapeseed was up. Crude oil was also slightly lower. The Canadian dollar was up one-tenth of […] Read more