Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to correct off contract lows Friday morning, posting gains for the third session in a row. The move back above C$600 per tonne in the November contract was supportive from a chart standpoint, encouraging some more speculative short covering as traders […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Thursday. The loonie closed at US$0.7276 or US$1=C$1.3743 on Thursday, compared to US$0.7279 or US$1=C$1.3739 on Wednesday. Meanwhile, the United States Dollar Index was up 0.03 of a point at 103.22. Crude oil prices continued to rise amidst tensions in the Middle East. West […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market added onto its recovery from Wednesday, but came off its highs late in trading. European rapeseed and Malaysian palm oil showed strong gains while Chicago soyoil was slightly higher. Crude oil was also up amidst tensions in the Middle East. Cooler temperatures continued in the Prairies with […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto its recovery from Wednesday, finding some strength from vegetable oils. European rapeseed and Malaysian palm oil showed strong gains while Chicago soyoil was slightly higher. Crude oil was also up in the middle of trading. Cooler temperatures continued in the Prairies with warmer weather […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s corrective bounce off nearby lows. The November contract was trading just above C$600.00 per tonne in early trade, running into some resistance around that psychological resistance point. Persistent dryness concerns in […] Read more

Glacier FarmMedia MarketsFarm– The ICE Futures canola market corrected itself on Wednesday as strength in vegetable oils spilled over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Temperatures across the Prairies were cooler this week before […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was correcting itself in the middle of trading on Wednesday as strength in vegetable oils were spilling over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Cooler temperatures […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after dropping sharply lower on Tuesday. Advances in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil all moving higher. Persistent dryness concerns in parts of Western […] Read more

The ICE Futures canola market fell sharply coming out of the August long weekend as heavy losses in equity markets on Monday spilled over into vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red on Tuesday. However, crude oil was making small gains. At mid-afternoon, the Canadian dollar was […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower Tuesday morning as activity resumed after Monday’s Canadian holiday. The November contract fell below the psychological C$600 per tonne level, bringing in additional speculative selling. Losses in Chicago soyoil accounted for some spillover selling pressure, with European rapeseed and […] Read more