Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after falling sharply lower the previous three sessions. The November contract was trading back above the psychological C$620 per tonne level in early trade, which was supportive from a technical standpoint. Gains […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Tuesday, falling below nearby support and hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its downward slide at midday Tuesday, hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside markets were […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to be under pressure on Tuesday morning from comparable oils. Chicago soyoil and European rapeseed were both down to start the day, while crude oil was also lower due to softening demand. However, Malaysian palm oil was slightly higher. The Canadian dollar was steady compared to […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, as bearish chart signals and losses in the Chicago soy complex weighed on values. Speculative fund traders were thought to be back adding to their short positions, with nearby technical charts pointing lower. However, the November contract managed […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Monday, seeing follow-through selling after Friday’s sharp declines. Speculative selling was a feature, according to an analyst who expected fund traders were back in the market putting on fresh short positions. The November contract fell below its 20-day moving […] Read more

The ICE Futures canola market retreated to start the week, following the lead of most vegetable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly lower. However, crude oil was steady to higher. The Canadian dollar was down less than one-tenth of a United States cent compared to Friday’s close. […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Friday, due to a mix of farmer selling, improved weather for the United States Midwest, and the likelihood of large harvests this year. Added to that were steep declines in Chicago soybeans and soymeal, as well as European rapeseed. […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard at midsession Friday, in what an analyst believes is a good amount of farmer selling. “It’s running away from us,” the analyst commented. He added the market is also contending with improved confidence in the weather for the United States Midwest […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Friday morning amidst mostly negative sentiment in comparable oils. Chicago soyoil and European rapeseed were down as well as crude oil, which was affected by a draw in United States stockpiles and a sluggish Chinese economy. However, Malaysian palm oil was higher. […] Read more