Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed with gains in the front months while the new crop positions eased back. Chicago soyoil and European rapeseed were solidly in positive territory, while Malaysian palm oil was down. Crude oil prices were lower due to confusion over trade talks between the United States […] Read more
North American Grain/Oilseed Review: Canola, wheat show weakness
ICE Midday: Canola lower on Election Day
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower coming out of the weekend amidst mixed sentiment in comparable oils. Chicago soyoil and European rapeseed were solidly in positive territory, while Malaysian palm oil was down. Crude oil prices were lower due to confusion over trade talks between the United States and […] Read more
ICE canola correcting lower to start week
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Monday morning, seeing a modest correction to start the week after trending higher through April. The most-active July contract settled above the psychological C$700 per tonne mark on Friday but was back below that chart point Monday morning. A softer tone […] Read more
North American Grain and Oilseed Review: Canola hits highest prices in 16 months
Slight movement either side of unchanged in U.S. markets
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures extended its rally on Friday to a fourth consecutive session. Prices finished at levels not seen since December 2023. Tightening canola supplies continued to be a major driver in the upswing. The Canadian Grain Commission reported canola exports surpassed 7.50 million tonnes […] Read more
ICE Canola Midday: Looking to extend this week’s rally
Growing need for StatCan to revise production estimate
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Friday morning in an attempt to extend the oilseed’s rally to a fourth session. An analyst suggested the impetus for yesterday’s sharp gains was spillover from a hike in Chicago soyoil. That he said was spurred on by “a growing […] Read more
ICE canola eases off
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was posting small losses Friday morning, backing away from overnight gains after running into resistance. The nearby July contract traded above the psychological C$700 per tonne level in overnight trade, but failed to hold above that key chart point. Chicago soyoil and Malaysian palm oil were […] Read more
North American Grain and Oilseed Review: A spike in old crop canola
A positive day in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to rally on Thursday with the strongest gains in the old crop months. An analyst stated that price rationing in canola is inevitable with Canada’s dwindling supplies. Year-to-date canola exports are poised to surpass the 7.50 million tonnes projected by Agriculture […] Read more
ICE Canola Midday: Touching on recent contract highs
Price rationing inevitable says analyst
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Thursday morning. The July contract touched its resistance level of C$690 per tonne earlier in the session but has inched away since then. An analyst said he expects the July contract to climb to C$700/tonne. “As long as we don’t […] Read more
ICE canola shows positive momentum
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its slow rally on Thursday morning, deriving strength from comparable oils. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher. Crude oil was also making gains, influenced by potential trade discussions between the United States and China. The Canadian […] Read more
North American Grain and Oilseed Review: Returning to February highs
Another day of higher U.S. soybeans, losses for corn, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher for a second day on Wednesday. A trader said canola has returned to the highs set in February. That momentum depends on what the Canadian Grain Commission says in its coming weekly and monthly reports, he said. Should canola exports […] Read more