Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange ended slightly lower on Thursday after an up-and-down day of trade. Variable weather pressured the oilseed as did the November contract meeting resistance at the C$700 per tonne mark, as the contract remained near its 20- and 50-day averages. Chicago soyoil was higher, but […] Read more
North American Grain/Oilseed Review: Canola down, corn rises
ICE Midday: Canola slips in up-and-down trade
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were declining in choppy trading mid-session Thursday amid mixed sentiment in vegetable oils. Chicago soyoil was slightly higher, but European rapeseed and Malaysian palm oil were lower. Meanwhile, crude oil made gains as trade optimism and a draw in U.S. stockpiles supported prices. A […] Read more
ICE Canada Morning Comment: Canola slipping back
Spillover from Chicago soy
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures slipped back on Thursday morning, unable to retain overnight increases. The Prairies continue to expect rain over the weekend. Those areas that recently received precipitation are likely see their crops maintained. However, crops in dry areas will need rain very soon. Support […] Read more
North American Grain/Oilseed Review: Canola rebounds, grains retreat
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Wednesday. This was despite the November contract finding resistance at the C$700 per tonne psychological level as it closed in on its 20- and 50-day moving averages. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher, supporting canola prices. Crude […] Read more
ICE Midday: Canola rises to end downturn
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange rebounded from recent losses in the middle of Wednesday trading, gaining strength from vegetable oils. The November contract was slightly below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil made gains today. However, crude oil showed declines as the […] Read more
ICE Canada Morning Comment: Canola looking to recover
Increases in veg oils underpin canola's gains
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Wednesday morning, looking to build on overnight increases. Support for canola came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Slight losses in crude oil tempered further increases in the vegetable oils. The Prairie […] Read more
North American Grain/Oilseed Review: Canola falls back, wheat rises
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange retreated further on Tuesday despite entering positive territory for a brief time. A stronger Canadian dollar and more rainfall on the Prairies put pressure on the oilseed. Chicago soyoil was down, but European rapeseed and Malaysian palm oil were up. Crude oil declined on […] Read more
ICE Midday: Canola retreats further into the red
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower in the middle of trading on Tuesday as comparable oils weakened. Chicago soyoil and European rapeseed were also pulling back while Malaysian palm oil was higher. Crude oil lost almost US$1 per barrel due to prospects of softer demand and higher production […] Read more
ICE Canada Morning Comment: Canola slipping lower
Declines in Chicago soy weigh on values
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures was lower on Tuesday morning, following Chicago soybeans and soyoil to the downside. The losses were tempered by gains in Malaysian palm oil, European rapeseed and Chicago soymeal. In turn, modest declines in crude oil limited the upside in the vegetable oils. […] Read more
North American Grain/Oilseed Review: Canola, CBOT grains down
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange started the week lower. Despite easing away from heavier losses earlier in the day, they were still pressured by weaker comparable oils and recent rains on the Prairies. Although Chicago soyoil was stronger, European rapeseed and Malaysian palm oil were down. Crude oil declined […] Read more