Glacier FarmMedia – Canola futures on the Intercontinental Exchange ended a choppy session on Wednesday, finishing lower on mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. Crude oil gained more than US$1 per barrel on reports of a weekly draw in United States crude oil and gasoline stockpiles. […] Read more
North American Grain/Oilseed Review: Canola lower, U.S. grains higher
ICE Midday: Canola leans to the positive
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday with mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was up. Crude oil gained more than US$1 per barrel after the American Petroleum Institute reported draws in United States crude oil and gasoline […] Read more
ICE Canada Morning Comment: Canola climbs higher
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures bumped up Wednesday morning, gleaning support from most comparable oils. There were gains in Chicago soybeans and soyoil, as well as MATIF rapeseed. However, losses in Malaysian palm oil and Chicago soymeal tempered the upswing in canola. Increases in crude oil lent support […] Read more
North American Grain/Oilseed Review: Canola steady, grains, oilseeds down
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange on Tuesday were steady amidst pressure from vegetable oils. Chicago soyoil and Malaysian palm oil were lower while European rapeseed was mixed. However, crude oil increased on easing concerns towards oversupply and United States-China relations. Statistics Canada reported on Tuesday that the country’s annual […] Read more
ICE Canada Morning Comment: Canola headed lower
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures stepped back Tuesday morning, pressured lower by losses in Chicago soyoil and Malaysian palm oil. The declines were tempered by gains in Chicago soybeans and MATIF rapeseed. Spillover from increases in crude oil underpinned the vegetable oils. The most-traded January contract slipped below […] Read more
North American Grain/Oilseed Review: Canola mixed, most U.S. grains higher
Glacier FarmMedia — Canola futures on the Intercontinental Exchange on Monday were lower in the nearby contracts and higher in the deferreds. Chicago soyoil, European rapeseed and Malaysian palm oil were up. However, crude oil was down due to slow economic growth from China and oversupply concerns. An analyst was surprised that January […] Read more
ICE Midday: Canola steady to higher
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were steady to higher at midday Monday, with the largest gains in the deferred months. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were up. However, slow Chinese economic growth as well as oversupply concerns are pressuring crude oil prices. While canola doesn’t […] Read more
ICE Canada Morning Comment: Canola swings upward
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, turning around from Friday’s losses. Support for canola came from gains in MATIF rapeseed as well as Chicago soybeans and soymeal, but soyoil was virtually unchanged. Declines in crude oil put pressure on the vegetable oils. The palm […] Read more
North American grain/oilseed review: Canola weaker at Friday’s close
Glacier FarmMedia — ICE canola futures traded to both sides of unchanged on Friday but failed to hold onto earlier gains and settled with small losses. Trade talks between Canadian foreign minister Anita Anand and her Chinese counterpart brought renewed optimism that a resolution to the countries’ tariff dispute could be reached. However, an actual […] Read more
ICE canola firm at midday Friday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Friday, finding some direction from gains in Chicago soyoil. Trade talks between Canadian foreign minister Anita Anand and her Chinese counterpart brought renewed optimism that a resolution to the countries’ tariff dispute could be reached and contributed to the gains in canola. However, […] Read more