Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed some weakness on Wednesday morning, following declines in crude oil. Crude oil dropped due to rising United States stockpiles and hawkish sentiment from the U.S. Federal Reserve. European rapeseed and Malaysian palm oil were higher while Chicago soyoil was slightly lower. The Canadian dollar […] Read more
ICE canola undergoes slight correction
North American Grain and Oilseed Review: Canola’s rally keeps going
CBOT futures in red following S/D report
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures rallied for a fourth consecutive session on Tuesday. Support came from the tightening canola supply situation in Canada as exports and domestic use remain strong. Gains in Chicago soyoil and European rapeseed spilled over into canola, but those increases were tempered by […] Read more
ICE Canola Midday: Building on the rally
USDA report at 11 a.m. CST
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher on late Tuesday morning, in an attempt to extend their rally to a fourth consecutive session. Support for the Canadian oilseed came from a tightening supply situation and spillover from comparable oils. In Chicago, soybeans and soyoil swung upward while soymeal […] Read more
ICE canola lacking direction
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was narrowly mixed on Tuesday morning despite positive sentiment in comparable oils. While Chicago soyoil stayed put, European rapeseed and Malaysian palm oil were higher. Crude oil was also on the rise despite United States President Donald Trump imposing 25 per cent tariffs on steel and […] Read more
North American Grain and Oilseed Review: Dwindling supplies underpin increases
U.S. soybeans, wheat pull back
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Monday due to tighter supplies. Statistics Canada reported canola stocks at the end of 2024 were about 19 per cent smaller than those the year before. Also, the Canadian Grain Commission said canola exports and domestic use remain strong. […] Read more
ICE Canola Midday: Tighter supplies pushing up prices
Reduced stocks with strong exports, domestic use
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the rise late Monday morning, with the old crop contracts seeing larger increases while the new crop positions were up slightly. Tightening canola supplies in Canada contributed to the gains. Statistics Canada reported on Friday that total canola stocks were at […] Read more
ICE canola making gains to start week
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was higher Monday morning, seeing a continuation of last week’s gains. Chicago soyoil was lower, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil was up nearly US$1 per barrel despite concerns over tariff threats by United States President Donald Trump. The Canadian […] 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 saw a continuation of Thursday’s rally on Friday, hitting its highest levels since November as tightening stocks and the need to ration demand provided support. Statistics Canada reported canola stocks in the country as of Dec. 31 at 11.382 million tonnes, which […] Read more
ICE canola underpinned by tightening supplies
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, hitting fresh three-month highs as tightening supplies and the need to ration demand provided support. Statistics Canada reported canola stocks in the country as of Dec. 31 at 11.382 million tonnes, which compares with 14.087 million at […] Read more
ICE Canada Morning Comment: Canola stocks drop
StatCan releases stocks report
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Friday morning following the release of Statistics Canada stocks report. Total on farm and commercial canola stocks as of Dec. 31 were estimated at 11.38 million tonnes, down from 14.09 million a year ago. StatCan said the reduced stocks were […] Read more