Futures

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Friday, as the oilseed backed away from contract highs reached yesterday. Today’s losses in the new crop contracts were smaller than those in the old crop positions. The canola market will be closed on Monday for a holiday. Pressure on canola came […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday morning, following the Chicago soy complex to the downside. MATIF rapeseed was easing back as well after it hit new contract highs on Thursday. There were small increases in Malaysian palm oil that tempered the losses in canola. Crude […] Read more

     Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back some of Thursday’s advances as contracts consolidated just under nearby highs. Intermonth spreading remained a feature, with participants rolling out of the March contract and into the May. The May contract settled above its 200-day moving average on Thursday but was back […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures close higher on Thursday but stepped back from exceeding their resistance levels. Resistance for the March and May contacts are seen as being C$670 and C$680 per tonne, respectively. News that China extended its investigation into alleged canola dumping by Canada to March 9, and […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following news on China’s investigation into alleged canola dumping by Canada. The Chinese Ministry of Commerce said on Thursday that it’s extending its probe into the allegations to March 9 and will make a “fair and final ruling” […] Read more

     Glacier FarmMedia — ICE canola futures were firm Thursday morning, finding spillover support from advances in outside markets. The Chicago soy complex was boosted by optimism over improving trade relations between China and the United States. However, large Brazilian crop prospects tempered the upside in beans. European rapeseed futures were also higher, while Malaysian […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Wednesday, getting pressure from losses in Chicago soyoil, MATIF rapeseed and Malaysian palm oil. Increases in crude oil helped to temper further declines in the vegetable oils. A trader said canola turned lower, he continued, because prices were beginning to dissuade purchases […] Read more

Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Wednesday in heavy volumes, correcting off nearby highs. Chart-based positioning was a feature, as the March contract ran into technical resistance at its 200-day moving average around C$667 per tonne on Tuesday. Losses in Chicago soybeans and soyoil accounted for some additional spillover selling […] Read more

     Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, seeing a modest correction off the two-and-a-half month highs hit Tuesday. Chart-based positioning was a feature, as the March contract ran into technical resistance at its 200-day moving average around C$667 per tonne. Losses in Chicago soybeans accounted for some additional spillover selling pressure. […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures finished higher on Tuesday, after trading either side of steady for most of the session. Support for canola came from strong gains in the Chicago soy complex, but losses in MATIF rapeseed and Malaysian palm oil limited the upside. Declines in crude oil weighed on […] Read more