Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange took a step back of Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher but European rapeseed was lower. There were also gains in Chicago soybeans and soymeal that spilled over into canola. Crude oil was down as […] Read more
ICE canola retreats
North American Grain and Oilseed Review: Canola swings upward
A mixed day in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures climbed higher on Tuesday, getting a boost from gains in Chicago soyoil and European rapeseed. Attempts to encourage more farmer selling was another reason for canola turning positive on Tuesday. However, the Canadian oilseed’s increases were tempered by declines in Chicago soybeans […] Read more
ICE Canola Midday: Canola following gains in soyoil
Strong increases in Chicago beanoil
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were on the rise late Tuesday morning, being underpinned by support from comparable oils, said a broker. The broker pointed to the increases in Chicago soyoil in particular, which was up by about 7/10ths of a U.S. cent per pound. He added […] Read more
ICE canola rising higher
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday as vegetable oils were mostly positive. Chicago soyoil and European rapeseed were up while Malaysian palm oil was down. Crude oil was also lower due to the slowing of the Chinese economy and a 50-day deadline for Russia to end […] Read more
Canadian Financial Close: Crude oil drops, new high for TSX
Glacier FarmMedia | MarketsFarm – The Canadian dollar eased off on Monday, but remained above the 73 United States cent mark. The loonie ended the day at US$0.7303 or US$1=C$1.3693, compared to US$0.7308 or US$1=C$1.3684 on Friday. The U.S. Dollar Index was up 0.23 of a point at 98.08. Earlier today, U.S. President Donald Trump threatened […] Read more
North American grain and oilseed Review: Canola dips lower
Favourable conditions weigh on U.S. prices
By Glen Hallick Glacier FarmMedia — Intercontinental Exchange canola futures were unable to hang on to the modest upticks they had on Monday, finishing with small declines. Despite areas on the Prairies confronted with dry conditions, for the most part the region’s canola crop is in fairly good condition. However that could change quickly if […] Read more
ICE Canola Midday: Struggling to find traction
Oilseed's condition varies across Prairies
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were a pinch lower by late Monday morning in light of mixed support. There’s support for canola coming from Chicago soyoil and Malaysian palm oil, but European rapeseed was mixed. Declines in Chicago soybeans and soymeal weighed on values. That received further […] Read more
ICE canola on both sides of unchanged
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were mixed and showed little movement despite support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil showed some strength due to tightening supply and possible upcoming United States sanctions against Russia. The Canadian […] Read more
North American Grain and Oilseed Review: Canola can’t shake Trump tariff threat
U.S. markets see losses across the board
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures finished lower in choppy trading on Friday, unable to shrug off pressure from the latest United States tariff threats. On Thursday, U.S. President Donald Trump said he will impose a 35 per cent levy come Aug. 1 on top of current tariffs […] Read more
ICE Canola Midday: Shrugging off Trump tariff threats
Canadian oilseed turning around after earlier losses
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were recovering late Friday morning from losses generated by tariff threats from United States President Donald Trump on Thursday. As Canada-U.S. trade talks progress towards the deadline of July 21, the president said he would slap an additional 35 per cent levy […] Read more