Futures

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts continued their uptrend of the past week on Friday, posting solid gains at midsession. Supportive chart signals, as values climbed above nearby technical resistance, contributed the gains. End user bargain hunting was also thought be underpinning the market, as canola remains attractively priced […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the upswing Friday morning, with the May contract hovering around the psychological level of C$600 per tonne. As well, the May continued to exceed its 20-day moving average but still had some distance to reach its other major technical levels. The […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Thursday, settling above its 20-day moving average in the May contract first time in a month as a rally in the Chicago soy complex provided support. The May contract briefly tested the psychological C$600 per tonne mark but […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were holding onto gains at midday Thursday, but well off their session highs after running into resistance. The May contract briefly traded above the psychological C$600 per tonne level before backing away as selling came forward at the highs. Gains in Chicago […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the upswing Thursday morning, pushing above two-week highs. As the May contract stepped over $600 per tonne it exceeded its 20-day average but was still well back of its other major averages. Support spilled over from gains in Chicago soybeans and […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market continued to correct off nearby lows on Wednesday, hitting its highest levels in two weeks in the nearby May contract. Gains in Chicago soyoil and Malaysian palm oil provided spillover support, although European rapeseed was mixed. The spread between canola and […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Wednesday, continuing to correct off nearby lows as the oilseed remains attractively priced compared to other options. Gains in Chicago soyoil provided spillover support, with Malaysian palm oil also firmer on the day. European rapeseed was mixed, but the […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to climb higher Wednesday morning, on solid end-user demand and chart-based positioning. Canola’s recovery pushed the May contract closer to its 20-day moving average, while it remained well back of its other major averages. Additional support for the Canadian oilseed came from […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Tuesday, as solid end user demand and chart-based positioning provided support. Cash basis levels across the Prairies and at the West Coast have improved lately, which an analyst saw as a sign that recent weakness in the futures […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Tuesday, seeing a continued correction higher amid oversold conditions. Cash basis levels in the countryside and the ports have improved lately, which an analyst saw as a sign that recent weakness in the futures was tied more to speculative […] Read more