Futures

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

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

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Thursday morning, supported by rising comparable oils and a weaker Canadian dollar. Chicago soyoil and European rapeseed are up to start the day, while Malaysian palm oil is higher in the nearby contracts. Crude oil is also moving upward after the United States […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, as sharp losses in the Chicago soy complex spilled over to weigh on values. Uncertainty over biodiesel policy in the United States accounted for much of the weakness in soybeans and soyoil, with European rapeseed and Malaysian palm […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking direction from the Chicago soy complex. Soyoil and soybean futures were sharply lower on uncertainty over biodiesel policy in the United States, as the country’s updated Congressional spending bill included no mention of extending blenders tax […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was still in decline on Wednesday morning, dragged down by weakness in vegetable oils. Malaysian palm oil, Chicago soyoil and European rapeseed all suffered heavy losses. Meanwhile, crude oil was higher due to tighter United States stockpiles. The Canadian dollar dipped by less than one-tenth […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell below nearby chart support on Tuesday as losses in Chicago soybeans and soyoil spilled over to weigh on prices. Bearish technical signals contributed to the declines, although the underlying fundamentals remained supportive. Canola remains cheap compared to most other oilseeds, with […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, retreating from earlier gains as losses in the Chicago soy complex spilled over to weigh on values. Soybeans hit fresh contract lows while soyoil fell to its softest levels in three months. European rapeseed and Malaysian palm […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly higher on Tuesday morning while comparable oils were lower. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mostly lower. Crude oil also continued to decline due to an economic slowdown in China and in anticipation of the United States Federal […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Monday, settling just above nearby chart support as losses in outside markets weighed on values. The March contract fell below its 100-day moving average and settled just above the 20-day average, with speculative selling a feature. Chicago soyoil, European […] Read more