By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was stronger at midday Wednesday, taking back Tuesday’s losses as gains in outside markets provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all stronger, with palm oil at fresh contract highs. Weakness in the Canadian dollar, which was down by […] Read more
ICE canola climbing higher at midday
ICE Canada Morning Comment: Canola on the rise
Pressure coming from weaker soy complex
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures moved higher on Wednesday morning despite losses in the Chicago soy complex. The complex moved lower with the re-election of United States President Donald Trump, who indicated he will impose tariffs on a variety of goods in 2025. Sharp declines in crude oil […] Read more
ICE canola falling with outside markets
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, taking some direction from outside markets. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower in overnight activity. Speculative profit-taking was said to be behind the selling in palm oil that spilled into […] Read more
ICE Canada Morning Comment: Palm oil, rapeseed pull down canola
Concerns about Trump presidency loom over markets
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Tuesday morning, due to sharp declines in Malaysian palm oil and more moderate losses in European rapeseed. However, gains in Chicago soybeans and soyoil tempered further declines. Crude oil was slightly higher, lending some support to the vegetable oils. There […] Read more
North American grain/oilseed review: Canola narrowly mixed at Monday’s close
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was narrowly mixed at Monday’s close, finishing well off its session lows. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all softer to start the week, which put some pressure on the Canadian oilseed. However, gains in crude oil and […] Read more
ICE canola moving lower to start week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Monday, backing away from chart resistance as losses in Chicago soyoil weighed on values. European rapeseed and Malaysian palm oil futures were also softer to start the week, although gains in crude oil and Chicago soybeans provided […] Read more
ICE Canada Morning Comment: Canola dips with lower veg oils
Higher crude oil trying to temper declines
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures eased back on Monday morning, taking its lead from other vegetable oils. There were declines in European rapeseed, Malaysian palm oil and Chicago soyoil. However, those losses were tempered by gains in Chicago soybeans and soymeal. Also, there’s spillover from increases in crude […] Read more
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly below unchanged on Friday morning despite continued strong prices in comparable oils. Malaysian palm oil and Chicago soyoil rallied while crude oil was also higher amidst reports Iran was preparing an attack on Israel. European rapeseed was mostly lower. The Canadian Grain Commission reported […] Read more
ICE canola rising with outside markets Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, touching fresh two-and-a-half month highs as gains in outside markets provided spillover support. Malaysian palm oil jumped to fresh contract highs overnight, while European rapeseed and Chicago soyoil were also stronger. Canadian canola exports continue to move […] Read more
North American Grain/Oilseed Review: Canola, soybeans move upward
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market regained positive momentum on Thursday, getting more support from comparable oils. Chicago soyoil and European rapeseed were higher as well as crude oil due to lower United States stockpiles. There was no trading for Malaysian palm oil due to Diwali. An analyst said tightness in […] Read more