By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, backing away from the two-and-a-half month highs hit Tuesday as losses in outside markets weighed on values. Sharp declines in crude oil spilled into world vegetable oil markets on Wednesday, with Chicago soyoil, European rapeseed and Malaysian palm oil […] Read more
North American grain/oilseed review: Canola backs off nearby highs
ICE canola weakens at midday Wednesday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Wednesday, taking back Tuesday’s gains as losses in outside markets weighed on values. Sharp declines in crude oil spilled into world vegetable oil markets on Wednesday, with Chicago soyoil, European rapeseed and Malaysian palm oil all lower. The […] Read more
ICE Canada Morning Comment: Canola stepping back
Declines in soy pulling canola down
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Wednesday morning, following the Chicago soy complex to the downside. There were also losses in European rapeseed, but Malaysian palm oil nudged upward. Declines in crude oil weighed on vegetable oil values. Despite the pull back in canola this morning, […] Read more
North American grain/oilseed review: Canola boosted by easing tariff concerns
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market posted solid gains in most months on Tuesday, as a looming trade war with the United States was paused for at least a month. U.S. tariffs and Canadian retaliatory measures had been set to come into effect on Feb. 4, which would have […] Read more
ICE canola up as tariffs postponed
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Tuesday, hitting its highest levels since November as support came from news the United States would postpone imposing tariffs on Canadian imports for at least a month. U.S. tariffs and Canadian retaliatory measures had been set to come […] Read more
ICE Canada Morning Comment: Canola adding more increases
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures moved higher on Tuesday morning, building on gains from Monday. This follows the one-month delay to the United States and Canada imposing tariffs on each other. Meanwhile, canola defied pressure from sharp declines in Chicago soyoil and more modest losses in soybeans […] Read more
North American grain/oilseed review: Canola ends higher amid tariff threats
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, recovering from earlier losses as uncertainty over incoming United States tariffs kept global markets on edge. U.S. tariffs on Canadian imports set to come into effect on Tuesday would likely alter the flow of Canadian canola oil and meal. […] Read more
ICE canola turns higher amid trade uncertainty
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Monday, recovering from earlier losses as uncertainty over incoming United States tariffs kept global markets on edge. U.S. tariffs on Canadian imports set to come into effect on Tuesday would likely alter the flow of Canadian canola oil […] Read more
ICE Canada Morning Comment: Trump tariffs weighing on canola
Tightening supply situation limiting oilseed's losses
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Monday morning pulled down by the tariffs United States President Donald Trump said will take effect on Tuesday. Trump will slap a 25 per cent levy on all goods the U.S. imports from Canada and Mexico, but with a 10 […] Read more
North American Grain/Oilseed Review: Canola, grains in the red
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower on Friday after the Trump administration confirmed that 25 per cent tariffs on Canadian and Mexican imports into the United States will be imposed Feb. 1 despite conflicting media reports. Earlier in the day, an analyst said there was speculation the Trump administration could […] Read more