Futures

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

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

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

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Friday morning, as the Prairie weather forecast and tight old crop supplies provided support. An analyst said there’s a risk premium in canola due to dry conditions over much of the region, while there’s skepticism over the weekend forecast. […] Read more

Glacier FarmMedia | MarketsFarm — ICE canola futures were stronger Friday morning, touching fresh highs as Chicago soyoil resumed its uptrend after yesterday’s Juneteenth holiday in the United States. Tight old crop supplies and weather uncertainty for the new crop remained supportive. European rapeseed and Malaysian palm oil were both higher on the day. Weekly […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Thursday, amid lighter than usual activity. Trading volumes were lower today as the United States grain markets were closed for the Juneteenth holiday. Canola received support from upticks in European rapeseed and Malaysian palm oil. Increases […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were slightly higher late Thursday morning, in light activity as the United States grain markets are closed for the Juneteenth holiday. Tight old crop supplies and lingering uncertainty over the new crop continued to underpin canola values. However, potential rain for the […] Read more

Glacier FarmMedia — The ICE Futures canola market was narrowly mixed Thursday morning, as values continued to consolidate just below nearby highs in quiet trade. Markets in the United States were closed for the Juneteenth holiday, keeping many traders on the sidelines. Malaysian palm oil was steady on the day, while European rapeseed was higher. Chart-based […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, unable to get any direction from Chicago soyoil, which was virtually unchanged. An analyst said the recent surge in canola has been due to the significant hike in soyoil prices. Meanwhile Chicago soybeans nudged up and soymeal dipped […] Read more

By Glen Hallick Glacier Farm Media | MarketsFarm – Canola futures on the Intercontinental Exchange were lower on late Wednesday morning, following Chicago soyoil to the downside. An analyst said the recent spikes in canola were a “soyoil-led rally.” Now that the latter was lower, canola was as well. He added that should the forecast […] Read more