By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Wednesday morning, as the oilseed continued to swing back towards the high end of its range. Support for canola came from gains in the Chicago soy complex, Malaysian palm oil and European rapeseed. Upticks in crude spilled over into the […] Read more
ICE Canada Morning Comment: Canola’s double-digit move upward
Oilseed swings towards high end of range
North American Grain/Oilseed Review: Canola rises, soybeans, corn up
The ICE Futures canola market turned around on Tuesday, making gains while going along with vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil reversed their fortunes by moving higher. However, crude oil was lower due to a stronger United States dollar and weaker demand. At mid-afternoon, the Canadian dollar was down one-tenth of […] Read more
ICE Midday: Canola, veg oils rebound
The ICE Futures canola market is turning around on Tuesday, making gains while going along with vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil reversed their fortunes by moving higher. However, crude oil was lower due to a stronger United States dollar and weaker demand. The Canadian dollar was down nearly two-tenths of […] Read more
ICE Canada Morning Comment: Canola gaining traction
Still plenty of pressure to stymie stronger increases
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, after making a turnaround during the overnight session. There were gains in the Chicago soyoil, Malaysian palm oil, and most European rapeseed contracts that spilled over into canola. However, Chicago soybeans were narrowly mixed while soymeal turned lower. […] Read more
North American Grain/Oilseed Review: Canola down, grains hit contract lows
The ICE Futures canola market took a step back on Monday following overall weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all retreated. Crude oil was also down after peak demand from the Independence Day holiday in the United States dissipated and lackluster economic data from China. At mid-afternoon, the Canadian […] Read more
ICE Midday: Canola moves lower on Monday
Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Monday following overall weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all retreated. Crude oil was also down after peak demand from the Independence Day holiday in the United States and lackluster economic data from China. The Canadian […] Read more
ICE Canada Morning Comment: Canola sliding toward support
Pressure from lower veg oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are lower on Monday morning, with the most-traded November contract pulling back towards its support level of C$600 per tonne. Pressure came from sharp losses in the Chicago soy complex, along with moderate losses in European rapeseed and Malaysian palm oil. Small upticks […] Read more
North American Grain and Oilseed Review: Canola can’t hang on to increases
Losses for U.S. soy, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures couldn’t hang on to gains Friday, following the release of the July supply and demand report from the United States Department of Agriculture. The USDA raised its estimate on Canada’s 2024/25 canola crop to 20.0 million tonnes from 19.6 million in its […] Read more
ICE Canola Midday: Lower veg oils weighing on values
Markets waiting on USDA report
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained lower at midsession Friday, after resuming its downward trend following a one-day reprieve. A broker commented the markets were in a wait-and-see mode until the United States Department of Agriculture released its July supply and demand estimates today at 11 am CDT. […] Read more
ICE canola narrowly mixed in choppy early trade
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding within a narrow range Friday morning, in thin and choppy activity as traders await the release of the United States Department of Agriculture’s monthly supply/demand report out later in the day. Gains in Chicago soyoil provided underlying support to canola, […] Read more