Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to move lower at the start of Tuesday trading. Chicago soyoil is up, but European rapeseed is down and Malaysian palm oil is mostly lower. Crude oil is also showing declines. China announced on Monday it has started an anti-dumping investigation into Canadian canola imports […] Read more
ICE canola in the red
North American grain/oilseed review: Canola posts solid gains to start week
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Monday, taking back most of Friday’s losses as speculative short covering and end-user bargain hunting provided support. Canadian canola is trading at a discount to most other oilseeds, which was thought to be bringing in some export buying interest. […] Read more
ICE canola correcting higher Monday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains at midday Monday, recovering most of Friday’s losses to start the week. Speculators covering short positions and end-user bargain hunting at the nearby lows contributed to the gains. With canola prices at a discount to European rapeseed and other […] Read more
ICE canola gaining to start week
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was on the rise on Monday morning, finding support from gains in vegetable oils. Chicago soyoil and European rapeseed were higher to start the week, while Malaysian palm oil was lower. Crude oil was making small gains. Statistics Canada reported today that as of July 31, Canadian […] Read more
North American Grain and Oilseed Review: Great pressure on canola
Chicago trading ends in the red
Intercontinental Exchange canola futures were weaker on Friday after seeing another round of sharp losses, as the China situation reared its head again. Earlier this week China said its planning an investigation into possible canola dumping by Canada. This announcement came after Canada hiked tariffs on electric vehicles imported from China, as imports of their […] Read more
ICE Canola Midday: Steep losses resume for Canadian oilseed
China situation weighing on values
By Glen Hallick Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were down sharply by late Friday morning, as the China situation regained its dominance in the market. Earlier this week, China said it was planning an investigation into possible canola dumping by Canada, with the announcement sending futures spiraling downward. Added to that were […] Read more
ICE canola weaker Friday morning
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting losses Friday morning, taking back all of Thursday’s gains amid ongoing concerns over a mounting trade dispute with China. After announcing plans to start an anti-dumping investigation into Canadian canola imports earlier this week, China said Friday that it was […] Read more
North American Grain and Oilseed Review: Canola gets a reprieve from steep declines
U.S. soybeans turnaround thanks to soyoil
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday after incurring two days of sharp losses. A trader commented canola followed the product values today as the China situation took a pause. Also, he alleged Statistics Canada of messing up canola since the agency released its principal […] Read more
ICE Canola Midday: Prices getting a bounce
Canola market still a mess says trader
By Glen Hallick Glacier Farm Media MarketsFarm – Although Intercontinental Exchange canola futures were on the rise Thursday, a trader stressed there was “nothing huge going on.” The trader said canola is currently hard to gauge right now, not necessarily because of the Chinese situation, but rather Statistics Canada “has the numbers so screwed up […] Read more
ICE canola still pointed lower Thursday morning
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market remained pointed lower Thursday morning, as uncertainty over demand from China continued to weigh on values after the announcement earlier in the week that China was launching an anti-dumping investigation into Canadian canola. Bearish technical signals contributed to the declines, although canola values […] Read more