Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange corrected themselves on Wednesday morning, continuing a week of up-and-down trade. Chicago soyoil and European rapeseed were lower while Malaysian palm oil was slightly higher. Crude oil also made gains, but those were softened after the United States threatened 25 per cent tariffs on […] Read more
ICE canola slips back
North American grain/oilseed review: Canola rises Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger on Tuesday, moving back above some key technical levels in the process as a rally in Chicago soyoil and a weaker tone in the Canadian dollar provided support. Weather concerns in parts of the Prairies also underpinned the futures. The November contract settled back above […] Read more
ICE canola posting solid gains at midday Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Tuesday, taking back Monday’s losses. Gains in Chicago soyoil provided some spillover support, although an analyst said there was no real fundamental reason behind the strength. European rapeseed held near unchanged while Malaysian palm oil was slightly firmer. The November contract was trading […] Read more
ICE canola turning around on Tuesday
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gaining strength from comparable oils. Chicago soyoil and Malaysian palm oil made gains, while European rapeseed was lower. Crude oil continued its positive momentum after the United States and the European Union struck a new trade deal over the […] Read more
North American grain/oilseed review: Canola ends lower after choppy day
Glacier FarmMedia — The ICE Futures canola market was weaker on Monday, settling below nearby chart support after trading to both sides of unchanged. Losses in Chicago soybeans and corn accounted for some spillover selling in the Canadian oilseed, with good Midwestern weather behind the selling pressure in those markets. However, persistent dryness concerns in […] Read more
ICE canola mostly weaker in choppy midday trade
Glacier FarmMedia — The ICE Futures canola market was mostly lower at midday Monday in choppy activity. Losses in Chicago soybeans and soyoil accounted for some spillover selling in the Canadian oilseed, although canola made some brief attempts at moving higher. The November contract tested support at both its 20- and 50-day moving averages but […] Read more
ICE canola eases off
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange showed small losses on Monday morning to go with mixed sentiment in comparable oils. Chicago soyoil was higher to start the day, while European rapeseed and Malaysian palm oil were lower. Crude oil made substantial gains after the United States and the European Union […] Read more
North American Grain/Oilseed Review: Canola rises, down day for grains
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday despite weakness in most comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly up. Crude oil declined due to the Trump administration allowing Chevron to resume operations in Venezuela. Scattered showers and thunderstorms are […] Read more
ICE Midday: Canola showing independent strength
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were stronger in the middle of Friday trading despite mostly negative sentiment in comparable oils. European rapeseed was mostly higher, while Chicago soyoil and Malaysian palm oil were lower. Crude oil was down on Chevron’s potential resumption of operations in Venezuela. The Canadian Prairies will […] Read more
ICE Canada Morning Comment: Canola on the rise
November canola challenging $700/tonne
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Friday morning, despite getting mixed spillover from outside markets. While the Chicago soy complex and Malaysian palm oil were lower, European rapeseed was mostly higher. Crude oil was tacking on small increases, underpinning the vegetable oils. The November canola […] Read more