Glacier FarmMedia – Canola futures on the Intercontinental Exchange were solidly in the green on Tuesday, recovering much of Monday’s losses on the strength of comparable oils. An analyst said a relative lack of news today has allowed little movement in commodities. However, the possibility of a delayed meeting between United States President Donald Trump […] Read more
ICE Midday: Canola, crude oil rebounding
ICE Canada Morning Comment: Reclaiming Monday’s losses
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger on Tuesday morning, bouncing back from yesterday’s sharp losses. Crude oil was stronger following another round of missile and drone attacks in the Middle East. The United States Embassy in Baghdad and oil production facilities in the United Arab Emirates were […] Read more
U.S. Grain/Oilseed Review: Soybeans suffer severe losses
Glacier FarmMedia – Old crop SOYBEAN futures at the Chicago Board of Trade were down limit 70 United States cents per bushel after China signaled a willingness to buy more U.S. crops, but not necessarily soybeans, after meetings between respective trade representatives in Paris over the weekend. U.S. President Donald Trump commented on Sunday that […] Read more
ICE Closing Review: Canola under pressure by soybeans
Glacier FarmMedia – Canola futures on the Intercontinental Exchange ended Monday trading with heavy losses due to doubts over additional Chinese purchases of United States soybeans. In a meeting in Paris between U.S. Treasury Secretary Scott Bessent and Chinese trade officials over the weekend, the latter expressed interest in purchasing U.S. ag goods, but not […] Read more
ICE Midday: Canola tumbles after Trump’s comments
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were seeing double-digit losses in Monday trading, following the lead of comparable oils. United States President Donald Trump said on Sunday that he has had “some positive response” to his call for nations to send military help to secure the Strait of Hormuz. As a result, […] Read more
ICE Canada Morning Comment: Canola weaker with other oils
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were falling back on Monday morning, pressured by weakness in most comparable oils. There were sharp declines in the Chicago soy complex and crude oil, along with more modest losses in MATIF rapeseed. Malaysian palm oil tracked higher, tempering some of sharpness in […] Read more
CBOT review: Soybeans down with pre-weekend profit-taking
SOYBEAN futures at the Chicago Board of Trade were weaker on Friday, seeing a modest correction to end the week after trading at their highest levels in nearly two years. The losses came despite a turn higher in crude oil, as markets continue to react to shifting news out of the Middle East. Rising fertilizer […] Read more
ICE review: Canola at eight-month highs
Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, closing at their highest levels in eight months as contracts recovered from early profit-taking losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down […] Read more
ICE canola turns higher after early losses
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, recovering from overnight losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down by nearly half a cent relative to its United States counterpart, […] Read more
Canola drops with crude
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday, following the direction of crude oil. In an effort to reduce crude oil prices, the United States temporarily removed sanctions on Russian oil. Chicago soyoil and European rapeseed were down this morning, while Malaysian palm oil was higher. The Canadian Grain Commission […] Read more