By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, recovering from overnight losses to see a continuation of last week’s correction off nearby lows. Tightening supply projections and solid end user demand remained supportive from a fundamental standpoint. Statistics Canada releases updated production estimates on Thursday Dec. […] Read more
North American grain/oilseed review: Canola stronger Monday
ICE canola correcting higher to start week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding onto small gains at midday Monday, seeing a continuation of last week’s correction off nearby lows. “The fundamentals on canola look good,” said an analyst pointing to tightening supply projections and solid end user demand. Statistics Canada releases updated production […] Read more
ICE canola declines to start week
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small declines on Monday morning, capped by a weaker Canadian dollar. Chicago soyoil, European rapeseed and Malaysian palm oil were both lower to start the day. However, crude oil was higher due to a stronger economy in China and a tenuous ceasefire between Israel […] Read more
North American Grain and Oilseed Review: Canola bumps up as trading turns choppy
Shortened grain, oilseed session after Thanksgiving
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures managed to hang on to small gains in most months on Friday after stepping away from larger increases earlier in the session. Support for the Canadian oilseed came from strong upswings in Chicago soyoil, European rapeseed and Malaysian palm oil. Declines in […] Read more
ICE Canola Midday: Stronger veg oils lending support
'We got overextended to the downside' says analyst
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Friday morning, boosted by strong gains in Chicago soyoil, Malaysian palm oil and European rapeseed. Additional support came from increases in Chicago soybeans, but soymeal was lower. Slight upticks in crude oil spilled over into to the vegetable oils. “We […] Read more
ICE canola continues higher Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, seeing a continuation of Thursday’s corrective bounce. Gains in Chicago soyoil as activity resumed in the United States for a holiday-shortened session were also supportive. U.S. markets were closed for Thanksgiving on Thursday, with many participants keeping […] Read more
North American Grain and Oilseed Review: Canola takes opportunity to increase
USDA export sales report out Friday
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday amid lighter activity. Support for canola came from gains in European rapeseed and Malaysian palm oil. Slight upticks in crude oil lent some spillover to the vegetable oils. Thursday’s increases in canola were tempered by the ongoing threat […] Read more
ICE Canola Midday: Taking back some lost ground
U.S. markets closed for Thanksgiving
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger by late Thursday morning, attempting to recover from sharp losses this week generated by the threat of tariffs made by the incoming Trump administration. An analyst stressed the “need to keep calm” in front of United States President-elect Donald Trump. He […] Read more
ICE canola narrowly mixed in thin holiday volumes
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding near unchanged Thursday morning in thin and choppy activity with markets in the United States closed for Thanksgiving. U.S. markets will only open for reduced hours on Friday, and the lack of direction from the soy complex had the canola […] Read more
North American Grain and Oilseed Review: Questions about Trump’s policies hit canola hard
U.S. soybeans up as grains steady to lower
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures added more losses on Wednesday as the threat of tariffs continued to weigh on values. Also, concerns have arisen in the United States biofuel industry as to whether the incoming Trump administration will maintain the industry’s tax credit program. Should the credit […] Read more