Glacier FarmMedia MarketsFarm – The ICE Futures canola market made small gains on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was down. Crude oil also pulled back due to larger United States stockpiles. The Canadian dollar was down less than one-tenth of a U.S. […] Read more
ICE canola inches higher
North American Grain and Oilseed Review: Sharp upswings push canola higher
Gains for U.S. soybeans, corn, wheat
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Tuesday, with the Canadian oilseed pulled along by increases in comparable oils. Gains in Malaysian palm oil and European rapeseed brought them close or at new contract highs. The Chicago soy complex climbed higher, with significant upticks in soyoil. […] Read more
ICE Canola Midday: Getting stronger
Resistance likely at $670, maybe $690
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to gain strength at midday Tuesday, gleaning support from increases in comparable oils. Malaysian palm oil was setting new contract highs and European rapeseed were approaching its own highs. As well, upswings in the Chicago soy complex were spilling over into canola […] Read more
ICE canola on the rise again
Glacier FarmMedia MarketsFarm – The ICE Futures canola market maintained its momentum on Tuesday morning, receiving plenty of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher to start the day. Crude oil was also up. The Canadian dollar increased less than one-tenth of a United States cent compared to […] Read more
North American Grain and Oilseed Review: Canola starts week on a good note
U.S. soybeans, corn tack on increases
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Monday, benefitting from spillover from gains in the Chicago soy complex, Malaysian palm oil and European rapeseed. Upticks in crude oil lent support the vegetable oils. An analyst said that if Canada’s canola exports remain on their current pace, […] Read more
ICE Canola Midday: Increases fading
Upticks in soyoil easing back
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher at midday Monday, as earlier double-digit increases faded. Although support for canola was coming from gains in the Chicago soy complex, increases for soyoil had weakened. While there were gains in Malaysian palm oil, European rapeseed was mixed. Moderate upticks […] Read more
ICE canola starts week on the rise
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was higher on Monday morning supported by gains in comparable oils. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher. Crude oil rose another US$1 per barrel due to tensions between Israel and Iran. The Canadian dollar was down more than one-tenth […] Read more
North American grain/oilseed review: Canola settles with small gains
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market held onto small gains in the most active months on Friday, as speculative positioning and end-user bargain hunting provided support ahead of the weekend. Gains in European rapeseed also underpinned canola, although losses in Chicago soybeans and soyoil tempered the upside for […] Read more
ICE canola holding onto gains at midday Friday
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, seeing a continuation of Thursday’s rally. Speculative positioning ahead of the weekend and end-user bargain hunting provided some support. Gains in European rapeseed also underpinned canola, although losses in Chicago soybeans and soyoil tempered the upside for […] Read more
ICE canola just above unchanged
Glacier FarmMedia MarketsFarm – The ICE Futures canola market made small gains on Friday morning despite negative sentiment in comparable oils. While European rapeseed was higher, Chicago soyoil and Malaysian palm oil were lower. Crude oil was also down due to forecasts showing weaker demand. The Canadian dollar was steady compared to Thursday’s close. Approximately […] Read more