By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures held to their downward trend on Wednesday morning, as tariff issues continued to apply pressure. Along with China’s 100 per cent levies on canola oil and meal set for March 20, there’s the uncertainty created by the on again, off again duties from […] Read more
ICE Canada Morning Comment: Canola still falling back
StatCan issues plantings projections
North American Grain/Oilseed Review: Canola pressured, grains lower
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market continued its descent on Tuesday following the implementation of Chinese tariffs. On Friday, China imposed 100 per cent levies on Canadian canola oil and meal in retaliation to Canadian surcharges on Chinese-made electric vehicles, steel and aluminum last year. One analyst called the current downturn in […] Read more
ICE Midday: May canola falls below C$600/tonne
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its descent in the middle of trading on Tuesday following the implementation of Chinese tariffs. On Friday, China imposed 100 per cent levies on Canadian canola oil and meal in retaliation to Canadian surcharges on Chinese-made electric vehicles, steel and aluminum last year. Meanwhile, […] Read more
ICE Canada Morning Comment: Starting with another round of losses
USDA report at 11 am CDT
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued lower on Tuesday morning, although the losses were not as severe as those yesterday. Nevertheless, the May contract pushed below its support level of C$600 per tonne. Canola was still dealing with China’s 100 per cent tariffs on the oil and meal […] Read more
North American Grain/Oilseed Review: Canola falls, grains mixed
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market plummeted on Monday after China announced late Friday it will place 100 per cent tariffs on Canadian canola oil, meal and peas, as well as a 25 per cent duty on Canadian aquatic products and pork. The tariffs, set for March 20, are retaliation for […] Read more
ICE Midday: Chinese tariffs sink canola
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market plummeted on Monday after China announced late Friday it will place 100 per cent tariffs on Canadian canola oil, meal and peas, as well as a 25 per cent duty on Canadian aquatic products and pork. The tariffs are retaliation for those placed by Canada on […] Read more
ICE Canada Morning Comment: Canola tumbles on China’s tariff plans
China retaliates against levies on its EV's, steel, aluminium
By Glen Hallick Glacier Farm Media MarketsFarm – China lowered the boom on Canadian canola over the weekend which sent Intercontinental Exchange canola futures plummeting on Monday morning. In retaliation for the Canadian government imposing a 100 per cent tariff on imports of Chinese-made electric vehicles along with 25 per cent levies on its steel […] Read more
North American grain/oilseed review: Canola continues higher to end week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, as traders continued to try and make sense of shifting tariff news out of the United States. The U.S. put a pause on some Canadian and Mexican import tariffs on Thursday, but President Donald Trump was back musing […] Read more
ICE canola climbing higher at midday Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Friday, as gains in outside markets provided support. However, activity was choppy amid ongoing uncertainty over United States trade policies. The U.S. put a pause on some Canadian and Mexican import tariffs on Thursday, but the fickle nature […] Read more
ICE canola slowly climbing upward
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Friday morning with mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while crude oil gained more than US$1 per barrel after Russia said OPEC+ may reverse its planned output hike by April. European rapeseed was […] Read more