Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued upward late Wednesday morning, as a Winnipeg-based analyst credited the upswing to a combination of movements in Chicago soyoil and the Canadian dollar. Gains in soyoil and recent weakness in the Canadian dollar contributed to the strength in canola, the analyst said. […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its climb on Wednesday morning despite negative vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. Meanwhile, crude oil was higher amid tensions in the Middle East and speculation the Biden administration may impose harsher sanctions against Russian oil. […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Tuesday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Meanwhile, crude oil was slightly higher. At mid-afternoon, the Canadian dollar was down more than one-tenth of a United States cent […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Tuesday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was on both sides of unchanged. Meanwhile, crude oil was slightly higher. One analyst said farmers may not start selling canola until prices surpass […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned higher on Tuesday morning, following small losses in the overnight session. Support for canola came from gains in Chicago soybeans and soymeal. However, there were declines in Chicago soyoil and Malaysian palm oil while European rapeseed was mostly lower. Small upticks in […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rally on Monday, despite mixed sentiment in comparable oils. European rapeseed and Malaysian palm oil were higher to start the week, while Chicago soyoil was lower. Crude oil gained more than US$1 per barrel due to Middle East tensions and new stimulus to kickstart […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rally on Monday, despite mixed sentiment in comparable oils. European rapeseed were higher to start the week, while Malaysian palm oil and Chicago soyoil was lower. Crude oil gained more than US$1 per barrel due to Middle East tensions and new stimulus to […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher on Monday morning. The United States Department of Agriculture is scheduled to release its monthly supply and demand estimates tomorrow, with canola taking direction from pre-report positioning in the Chicago soy complex. Along with tomorrow’s S&D estimates, will be the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was sharply higher on Friday, finding continued support from Thursday’s Statistics Canada production estimate. Chart-based buying added to the gains, as prices moved above nearby resistance. The government agency lowered its call on 2024/25 canola production by over a million tonnes, and the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, as tightening supply projections remained supportive for the second day. Statistics Canada pegged 2024/25 canola production at 17.8 million tonnes on Thursday, which was down by over a million tonnes from an earlier estimate and well short […] Read more