Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed minimal gains on Thursday morning despite negative values in vegetable oils. European rapeseed and Malaysian palm oil were lower, while Chicago soyoil was steady. However, crude oil was slightly higher. The Canadian dollar was down one-tenth of a United States cent compared to Wednesday’s close. […] Read more
ICE canola rising slightly
North American Grain and Oilseed Review: Rebalancing leads to gains in canola
CBOT fluctuates after yesterday’s strong increases
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures clung to small increases on Wednesday after pulling back from larger gains. A trader said there’s a “rebalancing” of canola with Chicago soy, as the Canadian oilseed lagged by upwards to C$100 per tonne over the last two weeks. He noted that soyoil […] Read more
ICE Canola Cash Close
The following are the closing cash canola prices from ICE Futures. Source: ICE Futures 1 Canada NCC Best Bid Price Basis Contract Change CANOLA *Par Region 614.50 -15.00 March 2025 dn 2.40 Basis: Thunder Bay 650.10 20.00 March 2025 up 0.60 Basis: Vancouver 675.10 45.00 March 2025 up 5.60 All prices in Canadian dollars per […] Read more
ICE Canola Midday: Oilseed rebalancing with U.S. soy
Lots of uncertainty looms over canola says broker
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pushing higher late Wednesday morning, despite sharp losses in Chicago soyoil. “It’s a rebalancing,” said a broker. “(Canola) lagged the soy market by almost $100 per tonne over the last two weeks. Eventually that will reverse as the spreaders will push it […] Read more
ICE canola regains positive momentum
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market recovered the previous day’s losses in the old crop contracts on Wednesday despite weakness in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. Crude oil also showed small declines. The Canadian dollar was steady compared to Tuesday’s […] Read more
North American Grain and Oilseed Review: Canola almost recovers
Strong gains for U.S. soybeans, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – In a dramatic turnaround, Intercontinental Exchange canola futures nearly erased all of their losses on Tuesday. While old crop contracts closed with small declines, the new crop positions tacked on slight increases. During the overnight session, double-digit losses were incurred after United States President Donald Trump […] Read more
ICE Canola Midday: Renewed tariff threat pulling prices down
AAFC forecasts less canola for 2025/26
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower late Tuesday morning, after United States President Donald Trump stated he could impose 25 per cent tariffs on U.S. imports from Canada and other countries as early as Feb. 1. “There’s no question the tariffs will hurt the Canadian economy,” […] Read more
ICE canola sinks after tariff threat
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a tumble on Tuesday despite mixed sentiment in comparable oils and a weaker Canadian dollar. Hours after being sworn in, United States president Donald Trump suggested 25 per cent tariffs on imported Canadian goods starting Feb. 1. Chicago soyoil was down, while Malaysian palm […] Read more
North American Grain and Oilseed Review: Reduced tariff threat spurs increases
Trump takes power on MLK Jr. Day
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures got a boost on Monday, after United States President Donald Trump indicated he would not slap tariffs on U.S. imports from Canada and elsewhere. Reports said the Trump administration will order federal agencies to study the country’s trade deficits with Canada, Mexico, […] Read more
ICE Canola Midday: Tacking on small gains
Upward movement before Trump sworn in
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher at late Monday morning in reduced activity, as the United States markets are closed for Martin Luther King Jr. Day. Today also marks the swearing in of Donald Trump as U.S. President at 11 am CST. Reports this morning suggested […] Read more