By Glen Hallick Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were higher at midday Monday, buoyed by a rally in the oilseeds. There were sharp gains in the Chicago soy complex and in European rapeseed with more modest increases for Malaysian palm oil. Crude oil prices turned pinch lower taking some support away from […] Read more
ICE Canola Midday: Stronger oilseeds providing a boost
But turnaround in crude oil leads to fading veg oil prices
ICE canola continues higher to start week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was stronger Monday morning, seeing a continuation of last week’s correction off contract lows. Gains in the Chicago soy complex provided spillover support, with European rapeseed and Malaysian palm oil also higher to start the week. The November contract was nearing chart resistance […] Read more
North American Grain/Oilseed Review: Canola rises, CBOT mixed to lower
Glacier FarmMedia MarketsFarm – The ICE Futures canola market overcame losses for much of Friday’s session to end the day in positive territory despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil helped to underpin canola prices. However, European rapeseed lost its gains to finish lower while crude oil incurred small losses. […] Read more
ICE Midday: Canola lower as weekend approaches
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was seeing another day of declines at midday Friday, due to weakness in most comparable oils. One analyst noted that negative price movement in Chicago soyoil and European rapeseed were pressuring canola prices, with the latter showing poor crop conditions. While small losses in crude oil pressured […] Read more
ICE Canada Morning Comment: Canola pulling back
Pressure coming from weaker Chicago soy complex
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, following the Chicago soy complex to the downside. Small losses in crude oil weighed on the vegetable oils, but European rapeseed and Malaysian palm oil were higher. As fall officially starts on Sunday, Prairie temperatures are to turn […] Read more
North American Grain/Oilseed Review: Canola, grains into the red
WINNIPEG — The ICE Futures canola market moved back-and-forth on Thursday before ending the day lower despite mostly positive sentiment in comparable oils. One trader said canola could be pivoting into a move sideways and stay rangebound between C$560 to C$590 per tonne in the November contract. He also noted a lack of direction in […] Read more
ICE Midday: Canola eases into negative territory
Glacier FarmMedia MarketsFarm – The ICE Futures canola market slipped back into the red on Thursday despite mostly positive sentiment in comparable oils. One trader said canola could be pivoting into a move sideways and could stay rangebound between C$560 to C$590. He also noted a lack of direction in soybeans. Chicago soyoil was higher, […] Read more
ICE Canada Morning Comment: Canola turns lower
Slips below 20-day moving average
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures stepped back on Thursday morning, correcting a multi-day rally. While Chicago soybeans dipped there were gains in soyoil and soymeal. There were increases as well in Malaysian palm oil, and in most European rapeseed contracts. Modest upticks in crude oil underpinned the vegetable […] Read more
North American Grain/Oilseed Review: Canola rises higher, soybeans up
Glacier FarmMedia MarketsFarm — The ICE Futures canola market maintained its positive momentum on Wednesday with plenty of support from vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains. However, crude oil was slightly above unchanged. One analyst believes November canola could be making a run at C$600 per tonne, with the […] Read more
ICE Midday: Canola continues to move upward
Glacier FarmMedia MarketsFarm – The ICE Futures canola market maintained its positive momentum on Wednesday with plenty of support from vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains in the middle of trading. However, crude oil was slightly in the red. One analyst believes November canola could be making a run […] Read more