Futures

     Glacier FarmMedia — The ICE Futures canola market climbed to its highest levels in six months on Wednesday, as a rally in Chicago soyoil and bullish chart signals provided support. The May contract moved above psychological chart resistance at C$680 per tonne, encouraging additional speculative buying as fund traders moved to the long side […] Read more

Glacier FarmMedia — ICE Futures canola contracts were posting solid gains at midday Wednesday, finding spillover support from a rally in Chicago soyoil. Soyoil remained supported by crush data released Tuesday that showed oilseed processors in the United States crushed 221.564 million bushels of soybeans in January — a new record for the month. The […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were rising on Wednesday morning, supported by higher crude and vegetable oil prices. Chicago soyoil advanced more than one cent per pound, while European rapeseed was also up. There was no trading for Malaysian palm oil due to the Lunar New Year holiday. Crude oil gained […] Read more

SOYBEAN futures at the Chicago Board of Trade were stronger on Tuesday, underpinned by solid monthly crush data as trade resumed after the Presidents Day long weekend. Members of the National Oilseed Processors Association (NOPA) crushed 221.564 million bushels of soybeans in the United States in January, which was a record for the month and […] Read more

Glacier FarmMedia — The ICE Futures canola market settled narrowly mixed on Tuesday after trading to both sides of unchanged in choppy activity. Gains in Chicago soyoil and soybeans provided spillover support, with solid monthly crush data behind some of the strength in that market. However, European rapeseed was lower on the day, while many […] Read more

Glacier FarmMedia — Canola futures on the Intercontinental Exchange were slightly higher on Tuesday with the May contract briefly exceeding the C$680 per tonne level. There was no canola trading on Monday due to a holiday in Canada. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil was lower […] Read more

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