Glacier FarmMedia — ICE Futures canola contracts were mostly lower at midday Friday, as losses in Chicago soyoil and positioning ahead of the weekend weighed on values. Malaysian palm oil was also weaker, but European rapeseed and Chicago soybeans were higher on the day. May canola traded just above chart support at its 50-day moving […] Read more
ICE canola weaker at midday Friday
ICE Canada Morning Comment: Canola stepping back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly lower on Friday morning, with increases in the more deferred contracts. Losses in Malaysian palm oil and Chicago soyoil weighed on canola values, while support came from gains in MATIF rapeseed as well as Chicago soybeans and soymeal. Crude oil was […] Read more
CBOT review: Soybeans rise, grains down Thursday
Glacier FarmMedia — SOYBEAN futures at the Chicago Board of Trade posted small gains Thursday, as advances in crude oil provided some support. The U.S. Department of Agriculture released updated supply/demand estimates, leaving its U.S. soybean ending stocks projection for 2025-26 at 350 million bushels, after lowering exports by 35 million bushels and raising domestic […] Read more
ICE review: Canola posts modest correction
Glacier FarmMedia — The ICE Futures canola market held onto small gains on Thursday, seeing a modest correction after dropping sharply the previous session. Uncertainty over the tentative ceasefire between the United States and Iran saw crude oil post small gains, although traffic through the Strait of Hormuz remains constricted. Chicago soyoil, European rapeseed and […] Read more
ICE canola correcting higher at midday Thursday
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, taking back some of Wednesday’s losses as gains in crude oil supported world vegetable oil markets. Uncertainty over the stability of the tentative ceasefire between the United States and Iran saw crude oil rising on Thursday, with traffic through the Strait of Hormuz […] Read more
ICE Canada Morning Comment: Canola regaining some lost ground
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed higher on Thursday morning, partially recovering some of Wednesday’s declines. Crude oil turned around as the Strait of Hormuz remains closed and the threat of the Middle East war ramping up increased. That higher crude led to spillover going into the vegetable […] Read more
CBOT review: Soybeans firm, despite ceasefire news, grains lower
SOYBEAN futures at the Chicago Board of Trade managed to hold onto small gains on Wednesday, despite a selloff in crude oil and soyoil, as optimism over looming trade talks between the United States and China provided some support. The tentative ceasefire agreement between the U.S. and Iran weighed heavily on world energy markets, causing […] Read more
ICE review: Canola drops with crude oil on ceasefire news
Glacier FarmMedia —The ICE Futures canola market was fell sharply lower on Wednesday as markets reacted to news of a tentative two-week ceasefire between the United States and Iran. Brent crude oil was down by 13 per cent late in the day at roughly US$95 per barrel. Reopening of the Strait of Hormuz was included […] Read more
ICE canola dropping with ceasefire news at midday Wednesday
Glacier FarmMedia — ICE Futures canola contracts were sharply lower at midday Wednesday, reacting to the latest developments in the Middle East. The United States, Israel and Iran agreed to a two-week ceasefire shortly before a deadline imposed by U.S. President Donald Trump Tuesday evening, although details of the terms remain unclear. Crude oil fell […] Read more
ICE canola drops on Mideast ceasefire news
Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, as a selloff in crude oil spilled into the global vegetable oil markets. The United States, Israel and Iran agreed to a two-week ceasefire shortly before a deadline imposed by U.S. President Donald Trump Tuesday evening, although details of the terms remain unclear. Crude […] Read more