Canola futures on the Intercontinental Exchange are slightly lower on Thursday as a stronger Canadian dollar is putting pressure on the oilseed.
ICE canola returns to the red
North American grain/oilseed review: Canola up Wednesday despite soy losses
Glacier FarmMedia — The ICE Futures canola market was stronger Wednesday, as tight old crop supplies and bullish chart signals underpinned the market. The gains in canola came despite losses in the Chicago soy complex. European rapeseed was also weaker on the day, although crude oil and Malaysian palm oil were stronger. The November […] Read more
ICE canola correcting higher at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Wednesday, seeing a modest correction after dropping sharply earlier in the week. The most-active November contract was holding just above its 20-day moving average at midsession, with the general uptrend still intact despite the recent losses. Chicago soyoil and Malaysian palm […] Read more
ICE canola still in the red
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remain in negative territory Wednesday morning, following weakness in vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil are in the red. Crude oil is making its way higher as the Israel-Iran ceasefire remains in place. The Canadian dollar is down more than […] Read more
North American grain/oilseed review: Ceasefire weighs on canola futures
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil, weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day. Chart-based selling contributed to the […] Read more
ICE canola continues lower Tuesday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day, […] Read more
ICE canola’s downturn continues
Glacier FarmMedia | MarketsFarm – Canola futures were lower on Tuesday, following comparable oils to the downside. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was down by more than US$3 Tuesday morning, after losing US$5 per barrel on Monday. The Canadian dollar was up nearly one-quarter of a U.S. cent […] Read more
North American grain/oilseed review: Canola drops Monday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Monday, as losses in Chicago soybeans and soyoil spilled over to weigh on values. Airstrikes on Iran by the United States over the weekend led to wide price swings in crude oil, with eventual weakness in the energy […] Read more
ICE canola starts week in negative territory
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange opened the week slightly lower despite a weaker Canadian dollar and higher crude oil prices. Crude surged over the weekend due to the United States attack on Iran. However, rains on the Prairies over the weekend put pressure on prices. Chicago soyoil and Malaysian […] Read more
North American Grain and Oilseed Review: Canola can’t hang on to increases
Losses all around in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned slightly lower on Friday, giving up their gains from earlier in the session. Pressure on canola came from declines in the Chicago soy complex after it struggled as well to maintain increases. However, support was derived from upticks in Malaysian palm […] Read more