Glacier FarmMedia — The ICE Futures canola market was mostly lower at midday Monday in choppy activity. Losses in Chicago soybeans and soyoil accounted for some spillover selling in the Canadian oilseed, although canola made some brief attempts at moving higher. The November contract tested support at both its 20- and 50-day moving averages but […] Read more
ICE canola mostly weaker in choppy midday trade
ICE canola eases off
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange showed small losses on Monday morning to go with mixed sentiment in comparable oils. Chicago soyoil was higher to start the day, while European rapeseed and Malaysian palm oil were lower. Crude oil made substantial gains after the United States and the European Union […] Read more
North American Grain/Oilseed Review: Canola rises, down day for grains
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday despite weakness in most comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly up. Crude oil declined due to the Trump administration allowing Chevron to resume operations in Venezuela. Scattered showers and thunderstorms are […] Read more
ICE Midday: Canola showing independent strength
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were stronger in the middle of Friday trading despite mostly negative sentiment in comparable oils. European rapeseed was mostly higher, while Chicago soyoil and Malaysian palm oil were lower. Crude oil was down on Chevron’s potential resumption of operations in Venezuela. The Canadian Prairies will […] Read more
ICE Canada Morning Comment: Canola on the rise
November canola challenging $700/tonne
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Friday morning, despite getting mixed spillover from outside markets. While the Chicago soy complex and Malaysian palm oil were lower, European rapeseed was mostly higher. Crude oil was tacking on small increases, underpinning the vegetable oils. The November canola […] Read more
North American Grain/Oilseed Review: Canola down, corn rises
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange ended slightly lower on Thursday after an up-and-down day of trade. Variable weather pressured the oilseed as did the November contract meeting resistance at the C$700 per tonne mark, as the contract remained near its 20- and 50-day averages. Chicago soyoil was higher, but […] Read more
ICE Midday: Canola slips in up-and-down trade
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were declining in choppy trading mid-session Thursday amid mixed sentiment in vegetable oils. Chicago soyoil was slightly higher, but European rapeseed and Malaysian palm oil were lower. Meanwhile, crude oil made gains as trade optimism and a draw in U.S. stockpiles supported prices. A […] Read more
ICE Canada Morning Comment: Canola slipping back
Spillover from Chicago soy
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures slipped back on Thursday morning, unable to retain overnight increases. The Prairies continue to expect rain over the weekend. Those areas that recently received precipitation are likely see their crops maintained. However, crops in dry areas will need rain very soon. Support […] Read more
North American Grain/Oilseed Review: Canola rebounds, grains retreat
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Wednesday. This was despite the November contract finding resistance at the C$700 per tonne psychological level as it closed in on its 20- and 50-day moving averages. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher, supporting canola prices. Crude […] Read more
ICE Midday: Canola rises to end downturn
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange rebounded from recent losses in the middle of Wednesday trading, gaining strength from vegetable oils. The November contract was slightly below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil made gains today. However, crude oil showed declines as the […] Read more