Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday for the third consecutive day. So far this week, canola has reclaimed nearly C$24 of the C$84.50 per tonne the May contract lost last week. A trader said that sharp drop in canola was overdone, but he suggested […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued pushing higher late Wednesday morning, in what could be the third day in a row of increases. A trader said canola regaining some of its lost strength because last week’s tumble after China announced coming tariffs on its canola meal and oil […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger for the third session in a row Wednesday morning, as the futures continued to correct off the nearby lows hit last week amid ideas those losses were overdone. End user bargain hunting and chart-based positioning contributed to the gains, […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures regained a little bit more lost ground on Tuesday, with the largest increases in the old crop contracts. While gains in Chicago soyoil and European rapeseed spilled over into canola, there was pressure from declines in soybeans and soymeal. The Malaysian palm […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Tuesday morning, working on their second day of gains following last week’s hard losses. Canola was getting support from strong upswings in Chicago soyoil as well more modest increases in soybeans. As Malaysian palm oil remained closed for a holiday, […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Tuesday morning, with the largest gains in the front months as values continued to correct off the lows hit last week. Gains in Chicago soyoil provided some spillover support, while European rapeseed was also mostly higher. End user bargain hunting contributed to the […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Monday, but a trader said it’s unclear how far this upswing might go. The trader said canola was oversold due to the fallout from trade issues with China and the United States. He noted the spec funds eliminated their […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained on the rise by late Monday morning. A trader commented the market is exhausted from last week’s downturn over tariff issues. He also noted the speculative funds have eliminated their record long position in canola and that farmers weren’t prepared for the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was narrowly mixed Monday morning, seeing some consolidation after dropping sharply last week. Ongoing tariff concerns that may disrupt trade with both China and the U.S. kept the canola market on edge. However, after losing about C$100 per tonne over the […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market extended its tariff-related slide on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while crude oil was moving up partly due to a weaker United States dollar. However, European rapeseed was lower. One analyst said canola crushers could […] Read more