By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed on Monday, as the old/new crop spread narrowed. A temporary pause on most tariffs between China and the United States lent early support to the soy complex with some of that buying spilling into the canola market. Tighter-than-expected soybean […] Read more
North American grain/oilseed review: Canola mixed, old/new crop spread narrows
ICE canola mixed at midday Monday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at midday Monday, with losses in the old crop July contract and gains in the deferred months. A rally in the Chicago soy complex provided spillover support, as China and the United States reached a tentative trade truce and tariff […] Read more
ICE canola prolongs rally
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rally on Monday morning as tight supplies and a strong export demand provided support for the oilseed. Chicago soyoil and European rapeseed were also higher, while Malaysian palm oil did not trade due to a holiday. Crude oil was up around US$2 per […] Read more
North American grain/oilseed review: Canola at 18-month highs to end week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, settling at its highest levels since November 2023. Canada has exported 7.9 million tonnes of canola through the first nine months of the crop year, according to the latest weekly export sales data. That’s well ahead of […] Read more
ICE canola strengthens at midday Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, underpinned by supportive technical signals and the need to ration demand. Weekly Canadian canola exports of 184,500 tonnes were up eight per cent from the previous week, with 2024/25 year-to-date exports of 7.9 million tonnes. That’s […] Read more
ICE Canada Morning Comment: Canola pushing upward
Old crop supplies continue to dwindle
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday morning, as old crop supplies continued to shrink. The Canadian Grain Commission reported cumulative canola exports for 2024/25 reached 7.88 million tonnes, further exceeding the 7.50 million Agriculture and Agri-Food Canada projected for the marketing year. On […] Read more
North American grain/oilseed review: Canola weakens despite tight stocks
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market settled with small losses on Thursday after trading within a wide range. Confirmation of tightening supplies provided early support. Statistics Canada reported canola stocks in all positions as of March 31 at 5.9 million tonnes. That was down 38.7 per cent […] Read more
ICE canola retreats at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Thursday, retreating from early gains after running into chart resistance. Confirmation of tightening supplies provided early support. Canadian canola stocks in all positions as of March 31 came in at 5.9 million tonnes, reported Statistics Canada. That was […] Read more
ICE Canada Morning Comment: Canola stocks down 39 per cent
Adds to the need for price rationing
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following the Statistics Canada grain stocks report. StatCan said total canola stocks as of March 31 were estimated at 5.87 million tonnes, down from 9.58 million a year ago. The latest stocks came within trade expectations. […] Read more
North American grain/oilseed review: Canola climbs higher Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market posted solid gains at Wednesday’s close after trading within a wide range. Tightening supplies and the need to ration demand accounted for some of the buying interest. Statistics Canada is set to release updated stocks data on Thursday. Canola stocks as […] Read more