By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower Friday morning as activity resumed following Christmas and Boxing Day. The March canola contract remained above its 20-day moving average but lagged behind its other major averages. Pressure on the Canadian oilseed came from declines in Chicago soybeans and soymeal along […] Read more
ICE Canada Morning Comment: Canola slips back
Trading resumes following holidays
North American Grain/Oilseed Review: Canola, CBOT grains mostly lower
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly lower on Monday despite the strength of vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains. However, crude oil was lower, mainly due to a stronger United States dollar. The Canadian markets will be closed on Christmas and Boxing Day, […] Read more
ICE Midday: Canola lacking direction to start week
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was lower in the front contracts on Monday while comparable oils were mixed. Canola will be closed Christmas Day and Boxing Day. Chicago soyoil was steady, European rapeseed was steady to higher and Malaysian palm oil was sharply higher. However, crude oil was lower, mainly due […] Read more
ICE Canada Morning Comment: Canola pushing higher
Recent losses overdone
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Monday morning amid ideas that recent losses were overdone. As well, positioning ahead of Christmas and Boxing Day was a feature. The canola market will be closed both days while the United States futures markets will close only for […] Read more
North American grain/oilseed review: Canola strengthens into weekend
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Friday, as speculative positioning and solid end user demand amid ideas recent losses were overdone provided support. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous week, according to Canadian Grain Commission data, with […] Read more
ICE canola continues higher Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, seeing follow through buying interest after Thursday’s corrective bounce off nearby lows. Tightening supply projections and solid export demand underpinned the futures. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous […] Read more
ICE canola lacking direction
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mixed on Friday morning amidst weakness in comparable oils. Chicago soyoil and Malaysian palm oil were down to start the day, while European rapeseed was mostly lower. Crude oil was also in negative territory after United States president-elect Donald Trump threatened to impose tariffs […] Read more
North American grain/oilseed review: Canola corrects higher Thursday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Thursday, rising for the first time in six sessions amid ideas recent losses were overdone. The March contract was back above C$600 per tonne, which was supportive from a chart standpoint. Tightening supply projections and solid end user demand […] Read more
ICE canola correcting higher
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, correcting off nearby lows amid ideas the recent losses were overdone. The most-active March contract was back above C$600 per tonne, which was supportive from a chart standpoint. Tightening supply projections and solid end user demand also […] Read more
Canadian Dollar and Business Outlook: Loonie keeps sliding back
Uncertainty surrounding PM, government weighs on dollar
By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar dipped on Thursday morning, as calls for Prime Minister Justin Trudeau to resign ramped up in recent days as his Liberal government teeters on the verge of collapse. As of 8:37 am CST, the loonie was at US$0.6968 or US$1=C$1.4350 compared to Wednesday’s close of […] Read more