By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market posted solid gains on Thursday, hitting its highest levels since November. Chart-based buying was a feature, with solid end user demand and tightening supply projections also underpinning the futures. The temporary pause on tariff threats from the United States announced earlier in the […] Read more
North American grain/oilseed review: Canola climbs higher
ICE canola up at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, nearing chart resistance and taking back most of Wednesday’s losses. The temporary pause on tariff threats from the United States announced earlier in the week remained supportive, with canola gaining ground relative to the U.S. soy […] Read more
ICE Canada Morning Comment: Canola on the rise
Grain stocks report out Friday
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher on Thursday morning, gleaning support from most comparable oils. There were increases in European rapeseed and Malaysian palm oil, but Chicago soyoil was virtually unchanged. More support came from gains in Chicago soybeans and soymeal. Upticks in crude oil spilled over […] Read more
North American grain/oilseed review: Canola backs off nearby highs
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, backing away from the two-and-a-half month highs hit Tuesday as losses in outside markets weighed on values. Sharp declines in crude oil spilled into world vegetable oil markets on Wednesday, with Chicago soyoil, European rapeseed and Malaysian palm oil […] Read more
ICE canola weakens at midday Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking back Tuesday’s gains as losses in outside markets weighed on values. Sharp declines in crude oil spilled into world vegetable oil markets on Wednesday, with Chicago soyoil, European rapeseed and Malaysian palm oil all lower. The […] Read more
ICE Canada Morning Comment: Canola stepping back
Declines in soy pulling canola down
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Wednesday morning, following the Chicago soy complex to the downside. There were also losses in European rapeseed, but Malaysian palm oil nudged upward. Declines in crude oil weighed on vegetable oil values. Despite the pull back in canola this morning, […] Read more
North American grain/oilseed review: Canola boosted by easing tariff concerns
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market posted solid gains in most months on Tuesday, as a looming trade war with the United States was paused for at least a month. U.S. tariffs and Canadian retaliatory measures had been set to come into effect on Feb. 4, which would have […] Read more
ICE canola up as tariffs postponed
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Tuesday, hitting its highest levels since November as support came from news the United States would postpone imposing tariffs on Canadian imports for at least a month. U.S. tariffs and Canadian retaliatory measures had been set to come […] Read more
ICE Canada Morning Comment: Canola adding more increases
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures moved higher on Tuesday morning, building on gains from Monday. This follows the one-month delay to the United States and Canada imposing tariffs on each other. Meanwhile, canola defied pressure from sharp declines in Chicago soyoil and more modest losses in soybeans […] Read more
North American grain/oilseed review: Canola ends higher amid tariff threats
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, recovering from earlier losses as uncertainty over incoming United States tariffs kept global markets on edge. U.S. tariffs on Canadian imports set to come into effect on Tuesday would likely alter the flow of Canadian canola oil and meal. […] Read more