By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to push lower late Wednesday morning, as the threat of Donald Trump’s tariffs plans were still being felt in the market. On Monday, United States President-elect Trump said he would slap 25 per cent tariffs on Canadian and Mexican goods imported into […] Read more
ICE Canola Midday: Questions over tariffs, biofuels creates ‘complicated mess’
Pressure from weaker soyoil, palm oil
ICE canola continues lower amid trade uncertainty
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Wednesday morning, as participants remained uncertain over what tariffs on Canadian imports proposed by United States President-elect Donald Trump will mean for trade flows. The U.S. accounts for over 90 per cent of Canada’s canola oil exports. Losses in Chicago […] Read more
North American Grain and Oilseed Review: Canola takes a hit
U.S. grains, oilseeds mixed at the close
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed weaker on Tuesday in very heavy volumes of trade but stepped away from larger losses earlier in the session. United States President-elect Donald Trump stated Monday that he will impose 25 per cent tariffs on goods imported from Canada and Mexico […] Read more
ICE Canola Midday: ‘A knee-jerk, bearish reaction’ says analyst
Trump threatens 25 per cent tariffs
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were weaker late Tuesday morning, pulled lower by the threat of a 25 per cent tariff on Canadian and Mexican goods imported into the United States. President-elect Donald Trump stated on social media he will impose the tariff hike when he’s sworn in […] Read more
ICE canola drops on Trump trade talk
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply weaker Tuesday morning, dropping to fresh two-and-a-half month lows as participants reacted to the latest trade rhetoric from United States President-elect Donald Trump. Trump posted to his Truth Social platform Monday afternoon that he plans on imposing 25 per […] Read more
North American grain/oilseed review: Canola settles narrowly mixed
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market settled narrowly mixed on Monday, seeing some consolidation after recent losses. Ideas the canola market was looking oversold after last week’s sharp declines provided some support, with overnight advances in Chicago soyoil also underpinning the market. However, soyoil turned lower and canola […] Read more
ICE canola backs away from overnight gains
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Monday, retreating from overnight gains as losses in Chicago soyoil spilled over to weigh on values. Speculative short covering and end user bargain hunting had supported canola overnight, but the futures ran into resistance and turned lower. Declines […] Read more
ICE canola correcting higher Monday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Monday morning, seeing a modest correction off nearby lows to start the week. Ideas that the canola market was looking oversold after last week’s sharp declines contributed to the gains, with advances in Chicago soyoil providing spillover support. European rapeseed […] Read more
North American grain/oilseed review: Canola losses continue into weekend
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market moved lower for the fourth-straight session on Friday, retreating from overnight advances to hit its weakest levels in two months. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all weaker, which weighed on the Canadian oilseed. Bearish technical signals contributed to […] Read more
ICE canola slide continues Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market continued its downward slide at midday Friday, hitting fresh two-month lows as losses in outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower, leaving canola hard-pressed to find any independent strength. Bearish technical […] Read more