By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned softer by late Monday morning, pulled away from stronger increases by a turnaround in Chicago soyoil along with losses in Malaysian palm oil and European rapeseed. Upticks in Chicago soybeans and soymeal helped to keep most of the actively traded canola contracts […] Read more
ICE Canola Midday: Increases turn softer
Soyoil moves lower, losses in palm oil, rapeseed
ICE Canada Morning Comment: Canola rises in light activity
Light holiday trading
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher in light holiday trading on Monday morning, as they received support from gains in the Chicago soy complex. However, declines in Malaysian palm oil and most European rapeseed contracts stymied further increases in canola. Meanwhile, modest upticks in crude oil underpinned […] Read more
North American Grain and Oilseed Review: Canola can’t sustain gains
U.S. wheat, corn edge higher, as soybeans fall
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – As the trading of canola futures on the Intercontinental Exchange resumed following Christmas and Boxing Day, they failed to hang to their late session increases on Friday with most contracts closing to the downside. Pressure on the Canadian oilseed came from losses in Chicago soybeans and […] Read more
ICE Canola Midday: Oilseed trying to recover
StatCan reports stronger November crush
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower by late Friday morning, as trading resumed following Christmas and Boxing Day. However, those declines were softer than those in the overnight session. Pressure on the Canadian oilseed came from losses in Chicago soybeans and soymeal as well as in […] Read more
ICE Canada Morning Comment: Canola slips back
Trading resumes following holidays
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower Friday morning as activity resumed following Christmas and Boxing Day. The March canola contract remained above its 20-day moving average but lagged behind its other major averages. Pressure on the Canadian oilseed came from declines in Chicago soybeans and soymeal along […] Read more
North American Grain/Oilseed Review: Canola, CBOT grains mostly lower
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly lower on Monday despite the strength of vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains. However, crude oil was lower, mainly due to a stronger United States dollar. The Canadian markets will be closed on Christmas and Boxing Day, […] Read more
ICE Midday: Canola lacking direction to start week
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was lower in the front contracts on Monday while comparable oils were mixed. Canola will be closed Christmas Day and Boxing Day. Chicago soyoil was steady, European rapeseed was steady to higher and Malaysian palm oil was sharply higher. However, crude oil was lower, mainly due […] Read more
ICE Canada Morning Comment: Canola pushing higher
Recent losses overdone
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise Monday morning amid ideas that recent losses were overdone. As well, positioning ahead of Christmas and Boxing Day was a feature. The canola market will be closed both days while the United States futures markets will close only for […] Read more
North American grain/oilseed review: Canola strengthens into weekend
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Friday, as speculative positioning and solid end user demand amid ideas recent losses were overdone provided support. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous week, according to Canadian Grain Commission data, with […] Read more
ICE canola continues higher Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, seeing follow through buying interest after Thursday’s corrective bounce off nearby lows. Tightening supply projections and solid export demand underpinned the futures. Weekly Canadian canola exports of 174,800 tonnes were up 24 per cent from the previous […] Read more