By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at Monday’s close, as investors took a “risk off” approach ahead of United States tariffs set to come into effect on Tuesday. Losses in the Chicago soy complex contributed to the selling pressure in canola. The managed money net long […] Read more
North American grain/oilseed review: Canola weaker as U.S. tariffs loom
ICE canola continues lower to start week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Monday, seeing a continuation of Friday’s downturn while taking some direction from the Chicago soy complex. Malaysian palm oil and European rapeseed futures were also softer on the day. Uncertainty ahead of United States tariffs set to […] Read more
ICE canola starts week in positive territory
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made slight gains to start the week. Chicago soyoil and Malaysian palm oil were both higher while European rapeseed was mixed. Crude oil increased as uncertainty over tariffs and a deal to end the Russian invasion of Ukraine was in focus. The Canadian dollar was up […] Read more
North American Grain and Oilseed Review: Weaker Chicago soy weighs on canola
Double digit losses in several contracts at CBOT
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures saw another round of losses on Friday but a broker noted the Canadian oilseed remained cheaper when compared to product values. The Chicago soy complex was weaker, especially with sharp declines in soyoil. European rapeseed was down as well, but there were […] Read more
ICE Canola Midday: Trade getting tired of tariff flip-flops
Canola down, but relatively stronger compared to product values
By Glen Hallick Glacier Farm Media MarketsFarm – Although Intercontinental Exchange canola futures were lower late Friday morning, a broker said the Canadian oilseed was relatively stronger compared to the products, which were down more. He added the losses in canola were “a routine correction.” The Chicago soy complex was falling back, including sharp losses […] Read more
ICE canola stronger Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, although activity was choppy and rangebound as participants squared positions ahead of United States tariffs set to come into effect next week. The May contract was trading near its 20-day moving average, after falling below the key […] Read more
North American Grain and Oilseed Review: Too much pressure on canola to sustain gains
Weakness highlights trading in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures gave up their earlier gains on Thursday to close the day lower. Pressure on canola came from sharp losses in Malaysian palm oil and more modest declines in the Chicago soy complex. Upticks in European rapeseed and crude oil helped to temper […] Read more
ICE Canola Midday: Tariff threat encouraging forward buying
Trumps says tariffs are coming March 4
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures edged higher late Thursday morning on concerns over forthcoming tariffs to be imposed by the Trump administration. “The tariff story is still the dominant issue,” an analyst stressed, suggesting there could be an eleventh-hour deal on March 3 to further postpone the levies. […] Read more
ICE canola higher Thursday morning amid trade uncertainty
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting solid gains Thursday morning amid ongoing uncertainty over trade policies in the United States. After U.S. President Donald Trump hinted Wednesday that the broad 25 per cent tariffs on all imports from Canada and Mexico set to come into […] Read more
North American Grain and Oilseed Review: Short covering spurs canola increases
Day of losses in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around on Wednesday to climb higher, erasing a good chunk of their losses this week. An analyst credited the strength canola had to a “short-covering bounce.” He suggested that any tariffs the Trump administration could impose on Canada next week could […] Read more