Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Tuesday, retreating from earlier gains as losses in Chicago soyoil weighed on values. Ideas that canola was due for a correction after dropping sharply on Friday provided some underlying support as activity resumed following the Canadian long weekend. The canola market was […] Read more
ICE canola narrowly mixed at midday
ICE canola higher out of long weekend
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise coming out of the August long weekend due to stronger vegetable oils. Chicago soyoil was down slightly on Monday but was higher on Tuesday, along with European rapeseed and Malaysian palm oil. However, crude oil was down due to an output hike implemented […] Read more
North American grain/oilseed review: Canola falls Friday
ICE Futures canola market was weaker on Friday, settling at its weakest levels in two weeks. Speculative selling was a feature as fund traders liquidated long positions. Losses in Chicago soyoil and a firmer tone in the Canadian dollar contributed to the bearish tone in canola. The canola market will be closed Monday for Terry […] Read more
ICE canola weaker at midday Friday
By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Friday, taking some direction from Chicago soyoil. European rapeseed futures were also down on the day, although Chicago soybeans and Malaysian palm oil were firmer. Chart-based selling was a feature, as fund traders were thought to be liquidating long positions […] Read more
ICE canola retreats to start August
Glacier FarmMedia — Canola futures on the Intercontinental Exchange were in the red on Friday morning as a lack of weather concerns pressured the oilseed. Most of Saskatchewan and Alberta will see rain showers either this weekend or at the start of next week. Most of southern Manitoba is expected to be warm and dry […] Read more
ICE review: Canola posts small losses after choppy day
ICE Futures canola market settled with small losses on Thursday but ended well off its session lows as early fund selling subsided and speculators returned to the buy side as the day progressed. November canola was down by as much as C$14 per tonne Thursday morning but recovered ground in the last two hours of […] Read more
ICE canola weaker with fund selling
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Thursday, hitting fresh two-week lows as losses in Chicago soyoil spilled over to weigh on values. Speculative funds were likely behind much of the selling as they adjusted positions, said a trader, adding that the relatively small open interest in the canola market […] Read more
ICE canola falling further
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange extended Wednesday’s downturn this morning, pressured by declining comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down while crude oil also showed losses due to rising United States stockpiles. Most of the Prairies will see sunny skies and warm temperatures the rest […] Read more
North American grain/oilseed review: Canola ends down, but off session lows
Glacier FarmMedia — ICE Futures canola market was weaker on Wednesday but finished well off its session lows after uncovering support to the downside. While losses in the Chicago soy complex weighed on values, tight supply projections remained supportive. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted […] Read more
ICE canola dropping at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Wednesday, falling to its lowest levels of the past two weeks. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted for some of the weakness, said an analyst. Losses in Chicago soybeans and soyoil also weighed […] Read more