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 saw large gains. Crude oil also surged more than US$1 per barrel due to sanctions to be imposed on Russian oil. The Canadian Grain Commission reported canola exports […] Read more
ICE Midday: Canola rises with comparable oils
ICE canola hits one-month highs Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, hitting its highest levels in over a month as rallies in crude oil and Chicago soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were also stronger on the day. The United States Department of […] Read more
North American Grain/Oilseed Review: Canola lower, grains mixed
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower on Thursday despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was down. Crude oil made gains as demand for heating fuel outweighed growing United States stockpiles. One analyst said despite canola’s declines, Chicago soyoil […] Read more
ICE Midday: Canola dips lower
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower in the middle of trading on Thursday despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was lower. Crude oil made gains as demand for heating fuel outweighed growing United States stockpiles. Most U.S. […] Read more
ICE canola posting losses Thursday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Thursday morning, taking back some of yesterday’s gains as the futures ran into chart resistance. Overnight losses in Malaysian palm oil accounted for some spillover selling pressure, as the palm market hit its softest levels since October. […] Read more
North American Grain/Oilseed Review: Canola rebounds, grains drop
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Wednesday, helped out by a weaker Canadian dollar. Chicago soyoil and European rapeseed were up, while Malaysian palm oil was down. Crude oil was also lower, pressured by a stronger United States dollar. One analyst said Chicago soyoil’s recent rise could potentially […] Read more
ICE Midday: Canola finding strength on lower loonie
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Wednesday despite mixed sentiment in comparable oils, due to a weaker Canadian dollar. Chicago soyoil and European rapeseed went up, while Malaysian palm oil was down. Crude oil was also slightly lower, being pressured by a stronger United States dollar. One analyst said […] Read more
ICE canola rising Wednesday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, taking some direction from Chicago soyoil. European rapeseed was also up on the day, although Chicago soybeans and Malaysian palm oil were lower. The March canola contract was trading above both its 20- and 100-day moving averages […] Read more
North American Grain/Oilseed Review: Canola lower, wheat moves up
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined on Tuesday despite positive sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil strengthened during the day. Crude oil prices were higher on signs of a tighter market. One analyst said if the March soyoil contract surpasses 41 United States cents per […] Read more
ICE Midday: Canola diverges from rising oils
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined in the middle of trading on Tuesday despite positive sentiment for comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all strengthened during the day. Crude oil prices were higher on signs of a tighter market. One analyst said if the March soyoil contract […] Read more