Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to pull back in most contracts by midday Friday, but flashes of a recovery were being seen. Canola was getting pressure from losses in Chicago soyoil, European rapeseed and Malaysian palm oil. Support was coming from strong gains in Chicago soybeans and […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was weaker Friday morning, seeing a continuation of Thursday’s retreat from nearby highs. A move back below C$600 per tonne in the November contract was bearish from a chart standpoint, bringing in additional selling pressure. Chicago soyoil, European rapeseed and Malaysian palm oil were […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close weaker on Thursday, despite recovering from losses earlier in the session. Pressure on the Canadian oilseed came from about-faces in the Chicago soy complex and in European rapeseed. Mounting declines in crude oil proved to be too much […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower again by midday Thursday, after recovering from losses earlier in the session. The declines were spurred on by a turnaround in the Chicago soy complex which had been on the rise. Also, European rapeseed was fading with its upfront contracts now […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was weaker Thursday morning with chart-based positioning a feature of the choppy trade. Overnight advances in Chicago soyoil provided spillover support, although the soy market backed away as the North American day session got underway and canola also moved off its session highs. […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, as its November contract pushed further above its now former resistance level of C$600 per tonne. A trader commented that support from technicals and short covering propelled canola upward. The November contract surpassed its 20 and 50-day moving […] Read more

Intercontinental Exchange canola futures continued upward at midday Wednesday, as the November canola contract pushed further above its former resistance level of C$600 per tonne. A trader said the markets are essentially ignoring two important aspects. One of those being the strike by grain workers at the Port of Vancouver that started on Tuesday. He […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was finding strength on Wednesday morning due to rising vegetable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was mostly higher. However, crude oil corrected itself on Wednesday after making gains yesterday following China’s newly-announced economic stimulus package. The Canadian dollar was up […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market was stronger on Tuesday, as chart-based positioning provided support. A move back above C$600 per tonne in the November contract was bullish from a technical standpoint, with gains in Chicago soybeans and soyoil providing spillover support. European rapeseed and Malaysian palm oil were also […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm–The ICE Futures canola market was stronger at midday Tuesday, but was running into major resistance as selling came forward at the highs. Gains in Chicago soybeans and soyoil provided spillover support for canola. European rapeseed and Malaysian palm oil were also higher on the day. Dryness hampering soybean […] Read more