By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were narrowly mixed on Tuesday morning following the lead of comparable oils. Support for canola came from gains in Chicago soybeans and soyoil. However, declines in Malaysian palm oil, European rapeseed and Chicago soymeal kept a lid on further increases in canola. […] Read more
ICE Canada Morning Comment: Canola looking for traction
Mixed support from comparable oils
North American Grain/Oilseed Review: Canola mostly higher, grains pressured
Glacier FarmMedia | MarketsFarm -– The ICE canola futures were mixed on Monday, to go with similar sentiment in comparable oils. Losses in Chicago soyoil pressured canola prices, but gains in European rapeseed and Malaysian palm oil provided support. Crude oil was also higher, which an analyst said was due to today’s trade talks between […] Read more
ICE Midday: Canola drifting higher
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small increases in the middle of trading on Monday, mirroring little movement in vegetable oils. Chicago soyoil was steady while European rapeseed and Malaysian palm oil were slightly higher. Crude oil also made gains, with an analyst saying it was supported by upcoming talks […] Read more
ICE Canada Morning Comment: Trying to shrug off overnight declines
Tight supplies, new crop issues hover over canola futures
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were either side of unchanged on Monday morning, attempting to recover from overnight losses. Support for canola is mixed, with spillover coming from slight upticks in Chicago soyoil and Malaysian palm oil. European rapeseed along with Chicago and soymeal eased back while […] Read more
North American grain/oilseed review: Canola ends week on firm footing
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, as gains in outside markets, chart-based positioning and optimism over improving Canadian trade relations with China were supportive. The nearby July contract settled well above C$700 per tonne for the first time since Monday’s selloff, which was bullish […] Read more
ICE canola climbing higher at midday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains at midday Friday, moving back above some key chart levels. The nearby July contract was trading comfortably above C$700 per tonne at midday, after having tried and failed to hold above that level on several occasions throughout […] Read more
ICE canola gaining as weekend approaches
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was in positive territory in early Friday trading, supported by comparable oils as well as depleted supplies and uncertainty in the upcoming crop. Chicago soyoil, European rapeseed and Malaysian palm oil were higher, while a resumption of talks between the United States and China was a […] Read more
North American grain/oilseed review: Canola up Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Thursday, with chart-based buying and spillover from soybeans providing support. Tight old crop supplies and production uncertainty for the new crop contributed to the gains. However, losses in soyoil and a firm tone in the Canadian dollar put some […] Read more
ICE canola showing some strength at midday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, recovering from early losses with speculative positioning a feature. Tight old crop supplies and production uncertainty for the new crop provided underlying support. Chicago soybeans were also up on the day, but soyoil was lower. A stronger tone in […] Read more
ICE canola eases off to start Thursday
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small declines on Thursday morning as it was pulled down by a stronger Canadian dollar and weaker vegetable oils. Chicago soyoil was steady, but European rapeseed and Malaysian palm oil were lower. Crude oil made gains despite a larger United States stockpile and Saudi Arabia […] Read more