ICE Futures canola market settled with small losses on Thursday but ended well off its session lows as early fund selling subsided and speculators returned to the buy side as the day progressed. November canola was down by as much as C$14 per tonne Thursday morning but recovered ground in the last two hours of […] Read more
ICE review: Canola posts small losses after choppy day
ICE canola weaker with fund selling
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Thursday, hitting fresh two-week lows as losses in Chicago soyoil spilled over to weigh on values. Speculative funds were likely behind much of the selling as they adjusted positions, said a trader, adding that the relatively small open interest in the canola market […] Read more
ICE canola falling further
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange extended Wednesday’s downturn this morning, pressured by declining comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down while crude oil also showed losses due to rising United States stockpiles. Most of the Prairies will see sunny skies and warm temperatures the rest […] Read more
North American grain/oilseed review: Canola ends down, but off session lows
Glacier FarmMedia — ICE Futures canola market was weaker on Wednesday but finished well off its session lows after uncovering support to the downside. While losses in the Chicago soy complex weighed on values, tight supply projections remained supportive. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted […] Read more
ICE canola dropping at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was weaker at midday Wednesday, falling to its lowest levels of the past two weeks. Heightened concerns over losing out on some export sales to China amid increased Australian competition accounted for some of the weakness, said an analyst. Losses in Chicago soybeans and soyoil also weighed […] Read more
ICE canola slips back
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange corrected themselves on Wednesday morning, continuing a week of up-and-down trade. Chicago soyoil and European rapeseed were lower while Malaysian palm oil was slightly higher. Crude oil also made gains, but those were softened after the United States threatened 25 per cent tariffs on […] Read more
North American grain/oilseed review: Canola rises Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger on Tuesday, moving back above some key technical levels in the process as a rally in Chicago soyoil and a weaker tone in the Canadian dollar provided support. Weather concerns in parts of the Prairies also underpinned the futures. The November contract settled back above […] Read more
ICE canola posting solid gains at midday Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Tuesday, taking back Monday’s losses. Gains in Chicago soyoil provided some spillover support, although an analyst said there was no real fundamental reason behind the strength. European rapeseed held near unchanged while Malaysian palm oil was slightly firmer. The November contract was trading […] Read more
ICE canola turning around on Tuesday
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gaining strength from comparable oils. Chicago soyoil and Malaysian palm oil made gains, while European rapeseed was lower. Crude oil continued its positive momentum after the United States and the European Union struck a new trade deal over the […] Read more
North American grain/oilseed review: Canola ends lower after choppy day
Glacier FarmMedia — The ICE Futures canola market was weaker on Monday, settling below nearby chart support after trading to both sides of unchanged. Losses in Chicago soybeans and corn accounted for some spillover selling in the Canadian oilseed, with good Midwestern weather behind the selling pressure in those markets. However, persistent dryness concerns in […] Read more