Futures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Friday, falling below major chart support as some stops were likely triggered on the way down. The November contract broke below its former support at around C$560 per tonne and took out the next psychological level at […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market is showing some weakness on Friday morning, being pulled down by vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all down to start the day. However, crude oil was making small gains. The Canadian dollar was up nearly one-tenth of a United States […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market fell sharply lower on Thursday, setting fresh contract lows as bearish technical signals countered any support from gains in the Chicago soy market. Updated supply/demand numbers from the United States Department of Agriculture were generally neutral for the soy market, with yield estimates unchanged […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses at midday Thursday, in thin and choppy activity as traders await updated supply/demand data from the United States Department of Agriculture. Any surprises in the U.S. soybean production or usage numbers out at 11:00 CDT could spillover to provide direction […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market entered negative territory on Thursday morning as most comparable oils failed to show direction. Chicago soyoil is steady, while European rapeseed is mostly higher and Malaysian palm oil is mostly lower. However, crude oil is up by more than US$1 per barrel. The Canadian dollar is […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market settled with small losses on Wednesday after trading to both sides of unchanged in choppy activity. The most-active November contract held onto gains for most of the session but settled roughly C$10 per tonne off its highs for the day and below […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains at midday Wednesday in choppy trade. The November contract had traded as high as C$579.00 per tonne overnight before selling came forward to take prices below the psychological C$570.00 per tonne mark and some buying interest resumed. Chicago soyoil […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market is seeing rising prices on Wednesday morning, deriving some strength from comparable oils. Chicago soyoil and European rapeseed are higher to start the day, while Malaysian palm oil is lower. Crude oil is up more than US$1 per barrel due to fewer United States stockpiles and the […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Tuesday, trading just above contract lows as losses in the Chicago soy complex and bearish technical signals weighed on values. The most-active November contract moved below its 20-day moving average, encouraging additional speculative selling. European rapeseed and Malaysian palm […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm  – The ICE Futures canola market was weaker at midday Tuesday, taking some direction from losses in the Chicago soy complex as contracts traded just above nearby lows. European rapeseed and Malaysian palm oil futures were also weaker on the day, although ideas that canola was looking cheap compared […] Read more