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
North American Grain and Oilseed Review: Reduced tariff threat spurs increases
Trump takes power on MLK Jr. Day
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
ICE canola declines as loonie strengthens
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a step back to start the week, pressured by weaker comparable oils and a stronger Canadian dollar. Malaysian palm oil was down while European rapeseed was mostly lower. Crude oil was down after United States president-elect Donald Trump indicated he would declare a national energy […] Read more
ICE review: Canola corrects off nearby lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Friday, recovering some of Thursday’s losses as gains in the Chicago soy complex provided spillover support. Weakness in the Canadian dollar and gains in European rapeseed were also supportive, as canola remains attractively priced compared to most other oilseed […] Read more
ICE canola correcting higher to end week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was higher at midday Friday, taking back some of Thursday’s losses as a turn higher in the Chicago soy complex provided spillover support. Ideas the losses in canola were overdone contributed to the gains, with the weakness also likely bringing in some […] Read more
ICE Canada Morning Comment: Canola trying to pull away from losses
Canola left out of U.S. biofuel guideline changes
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned narrowly mixed on Friday morning, after coming out of the overnight session with small increases. Canola fell sharply on Thursday after it was excluded from the interim rules on United States biofuel guidelines released the day before. Support for the Canadian oilseed […] Read more
North American grain/oilseed review: Canola falls to three-week lows
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell to its lowest levels in three weeks on Thursday, seeing a continuation of Wednesday’s selloff. Increased farmer hedges after recent gains, bearish technical signals and spillover from outside markets contributed to the declines. Canola was not included in interim rules on […] Read more
ICE canola sharply lower at midday Thursday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Thursday, seeing a continuation of Wednesday’s late selloff. Canola was not included in interim rules on biofuel feedstock guidelines from the United States Department of Agriculture, which raised concerns over demand from the U.S. biodiesel sector and […] Read more
ICE Canada Morning Comment: Bad news on U.S. biofuel tax credit
Canola appears to have been excluded from changes to Section 45Z
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are weaker Thursday in heavy activity that’s seen the March canola contract fall well below its major moving averages. It appears canola is now excluded from the latest changes the United States Department of the Treasury made to the Section 45Z biofuel tax […] Read more
North American grain/oilseed review: Canola drops late Wednesday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, retreating from earlier gains in the final hour of trade. Canola had been trading within a few dollars of unchanged for most of the session before turning sharply lower in sympathy with Chicago soyoil. Traders were unsure what may […] Read more