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
North American grain/oilseed review: Canola drops late Wednesday
ICE canola turning higher at midday Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small gains at midday Wednesday, as uncertainty over possible tariffs in the United States countered support from gains in soyoil. The U.S. is the primary destination for Canadian canola oil exports, and the 25 per cent tariffs threatened by incoming […] Read more
ICE Canada Morning Comment: Canola eases back
Uncertainty looms over market
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dipped Wednesday morning in choppy trading. Small losses in Chicago soyoil, European rapeseed and Malaysian palm oil helped to push canola lower. However, gains in Chicago soybeans and soymeal as well as crude oil underpinned the vegetable oils. Canola’s March contract held above […] Read more
North American grain/oilseed review: Canola corrects lower
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Tuesday, as traders took profits after recent gains. The March contract held above its 200-day moving average, with the former resistance level now providing support at around C$640 per tonne. Gains in Chicago soyoil and a steady tone in European […] Read more
ICE canola weakens Tuesday on profit-taking after recent gains
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses at midday Tuesday, seeing some consolidation after climbing higher the previous two sessions. The March contract was holding above its 200-day moving average, with the former resistance level now providing support at around C$640 per tonne. Gains in […] Read more
ICE Canada Morning Comment: Canola pulls back
March contract remains above 200-day moving average
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Tuesday morning, continuing the losses from the overnight session. Declines in the Chicago soy complex and Malaysian palm oil weighed on canola values while European rapeseed was mixed. Crude oil prices stepped back, putting pressure on the vegetable oils. The […] Read more
North American grain/oilseed review: Canola rises with soy complex
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, seeing a continuation of Friday’s rally as ongoing gains in the Chicago soy complex provided spillover support. March canola surpassed its 200-day moving average on Friday and held above that key chart point on Monday, which was supportive […] Read more
ICE canola holding onto small gains at midday Monday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small gains at midday Monday, although it was lagging the Chicago soy complex to the upside. March canola climbed above its 200-day moving average on Friday and was holding above that key chart point on Monday, which was supportive from […] Read more
ICE Canada Morning Comment: Looking to build on to gains
Support from crude, soy and palm oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher on Monday morning, tempting to add to their overnight increases. As spillover came from gains in crude oil, additional support came from upticks in the Chicago soy complex and Malaysian palm oil. But canola’s increases were tempered by losses in […] Read more
North American Grain/Oilseed Review: Canola, corn, soybeans surge
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market sharply rose on Friday, fueled by comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made large gains. Crude oil surged more than US$1.50 per barrel due to sanctions to be imposed on Russian oil. The Canadian Grain Commission reported canola exports for the […] Read more