By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were higher at midday Tuesday, with the largest gains in the old crop contracts as the market works to ration demand. Canola was trading at the upper end of its year-long range on a weekly chart, with major resistance seen at C$680 per […] Read more
ICE canola rally continues Tuesday
ICE Canada Morning Comment: Old crop canola pushing higher
Pressure from most comparable oils limiting gains
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mixed on Tuesday morning with gains in the front months and losses in the new crop positions. The Canadian oilseed continued to be supported by bullish technical signals, with the most traded July contract still well above its moving averages. Also, tightening […] Read more
North American grain/oilseed review: Canola mixed at final bell
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at Monday’s close, with a small loss in the most-active July contract and gains in the new crop months. Weakness in Chicago soyoil accounted for some spillover selling pressure in canola, although bullish technical signals and the need to […] Read more
ICE canola continues higher to start new week
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Monday, seeing a continuation of last week’s rally as tightening supply projections and bullish chart signals underpinned the market. The gains in canola came despite losses in the Chicago soy complex, with Malaysian palm oil also weaker on the […] Read more
ICE Canada Morning Comment: Canola getting a good start on Monday
Higher despite pressure from most comparable oils
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher on Monday morning despite declines in some comparable oils. While there were gains in European rapeseed, there were losses in Malaysian palm oil, Chicago soyoil and soymeal but the soybeans were mixed. Crude oil was on the rise, lending support […] Read more
North American Grain/Oilseed Review: Canola, grains end week positively
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market showed gains on Friday as it capped off a positive week despite inflamed trade war tensions. China raised tariffs on United States goods to 125 per cent on Friday, a day after U.S. President Donald Trump increased levies on Chinese goods to 145 per cent. […] Read more
ICE Midday: Canola prices higher as trade war intensifies
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small gains on Friday morning as it looks to cap off a positive week despite inflamed trade war tensions. Just a day after United States President Donald Trump raised tariffs on Chinese goods to 145 per cent, China retaliated on Friday with 125 per […] Read more
ICE canola posting small gains early Friday
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small gains Friday morning, recovering from overnight losses as the market saw some consolidation after climbing higher for most of this week amid shifting tariff news out of the United States. Chicago soyoil and soybeans were up on the day, while European rapeseed […] Read more
North American Grain/Oilseed Review: Canola rises, wheat drops
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market extended its rally on Thursday on the strength of vegetable oils and despite pressure from the Canadian dollar. An analyst said the next resistance level for May canola is C$680 per tonne, adding that China needs additional sources for vegetable oil imports. Another analyst said the […] Read more
ICE Midday: Canola still rising despite trade tensions
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rallies on Thursday, strengthened by vegetable oils and with the May contract remaining above the 20-, 50- and 100-day averages. An analyst said the next resistance level for May canola is C$680 per tonne, adding that China needs additional sources for vegetable oil imports. […] Read more