Futures

The July contract on the ICE canola futures was higher on Wednesday, while new crop positions were slightly lower with a downturn in comparable oils. Canola is “still undervalued a little bit,” an analyst commented, noting there’s the possibility for a counter-rally or a “dead cat bounce.” However, another analyst said he doesn’t expect any […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was higher in the July contract while other contracts dropped. An analyst said canola is still considered to be undervalued and there is the possibility of a counter-rally or a “dead cat bounce.” However, another said he doesn’t expect any breakout on the upside. Chicago soyoil, […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling. Values continued to back away from nearby highs amid ideas the futures had become overbought. Losses in the Chicago soy complex added to the softer tone in canola. European rapeseed and Malaysian palm oil were also lower. […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market suffered losses from negative sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down, while crude oil lost more than US$1 per barrel due to concerns over a potential trade war and weakening demand. An analyst said technical signals on Monday […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market sustained heavy losses on Tuesday from largely negative sentiment in comparable oils. Chicago soyoil and European rapeseed were down while crude oil lost more than US$1 per barrel due to concerns over a potential trade war and weakening demand. An analyst said technical signals on […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday morning, seeing a continuation of Monday’s correction off nearby highs with speculative positioning a feature. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure, with European rapeseed and Malaysian palm oil also lower on the day. […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed with gains in the front months while the new crop positions eased back. Chicago soyoil and European rapeseed were solidly in positive territory, while Malaysian palm oil was down. Crude oil prices were lower due to confusion over trade talks between the United States […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower coming out of the weekend amidst mixed sentiment in comparable oils. Chicago soyoil and European rapeseed were solidly in positive territory, while Malaysian palm oil was down. Crude oil prices were lower due to confusion over trade talks between the United States and […] Read more

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Monday morning, seeing a modest correction to start the week after trending higher through April. The most-active July contract settled above the psychological C$700 per tonne mark on Friday but was back below that chart point Monday morning. A softer tone […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures extended its rally on Friday to a fourth consecutive session. Prices finished at levels not seen since December 2023. Tightening canola supplies continued to be a major driver in the upswing. The Canadian Grain Commission reported canola exports surpassed 7.50 million tonnes […] Read more