Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Friday, closing out a difficult week on a high note. Over the last few days canola was hampered by declines. Support for the Canadian oilseed was derived from sharp upticks in the Chicago soy complex, Malaysian palm oil and […] Read more

Intercontinental Exchange canola futures were stronger late Friday morning, after the week was highlighted by losses. Canola was bolstered by sharp increases in the Chicago soy complex and Malaysian palm oil, along with more modest upticks in European rapeseed. There was some pressure on the vegetable oils coming from slight declines in crude oil. The […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market bounced back on Friday morning, supported by vegetable oils. Malaysian palm oil rose sharply, while Chicago soyoil and European rapeseed also made substantial gains. However, waning Chinese demand, fears of a surplus and a stronger United States dollar pulled back crude oil prices. The Canadian dollar […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures gave up early increases to fall hard on Thursday, largely due to weakness in the Chicago soy complex. Additional pressure on canola came from declines in Malaysian palm oil and European rapeseed. However, modest upticks in crude oil attempted to stymie a […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower at midday Thursday, getting pressure from a weaker Chicago soy complex. Uncertainty regarding tariffs and biofuel policies of the incoming Trump administration continued to push down the complex, as did improving weather conditions in Brazil and Argentina. “Canola does not have […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market found some strength on Thursday morning, finding support from comparable oils. Chicago soyoil and European rapeseed were on the rise to start the day, while Malaysian palm oil was mostly higher. Crude oil also made gains despite a warning from the International Energy Agency about […] Read more

Intercontinental Exchange canola futures closed lower on Wednesday, settling off of session lows. An analyst said fund selling along with some farmer selling have been pushing down canola prices. He added farmers at this time are largely cash-adequate, not needing to part with their canola. The analyst also raised concerns about the tariff policies of […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were sharply lower at midday Wednesday amid a selloff “Canola has been diving lower on fund selling and a little bit of farmer selling,” commented analyst Wayne Palmer of Exceed Grain in Winnipeg, noting the farmers are largely cash-adequate at this time. “But […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined further on Tuesday, following the lead of comparable oils. Chicago soyoil and Malaysian palm oil were lower to start the day, while crude oil also dropped on fears of a surplus. Meanwhile, European rapeseed was mixed. The Canadian dollar was down more than one-tenth […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Tuesday but came away from much larger declines. Trading resumed following Remembrance Day. Pressure on the Canadian oilseed came from sharp losses in the Chicago soy complex, as well as decreases in European rapeseed and Malaysian palm oil. Small […] Read more