Glacier FarmMedia MarketsFarm – The ICE Futures canola market corrected itself on Friday morning after adding large gains on Thursday. Chicago soyoil and European rapeseed were down, while crude oil erased its Thursday gains as well. However, Malaysian palm oil was higher. Markets in Canada and the United States will be closed on Monday for the […] Read more
ICE Midday: Canola eases back ahead of Labour Day weekend
ICE Canada Morning Comment: Canola attempting to gain upward traction
Pressure from crude oil, Prairie harvest being felt
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were narrowly mixed on Friday morning, despite support from other vegetable oils. Spillover was coming gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. However, there’s pressure from losses in crude oil. Pressure has started to be felt […] Read more
North American Grain/Oilseed Review: Canola, grains continue to rise
Glacier FarmMedia MarketsFarm -– The ICE Futures canola market had its best session in a little over a month on Thursday, with prices unseen since the beginning of August. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, giving support to the oilseed. Crude oil was up US$1 per barrel due to welcome […] Read more
ICE Midday: Canola back to multi-week highs
Glacier FarmMedia MarketsFarm – The ICE Futures canola market regained its upward momentum on Thursday morning, with the November contract already hitting a three-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, giving support to the oilseed. Crude oil was also up more than US$1 per barrel due to welcome economic […] Read more
ICE Canada Morning Comment: Canola above C$600 per tonne
StatCan revises production numbers
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were gaining strength on Thursday morning, following comparable oils to the upside. There were increases in the Chicago soy complex, European rapeseed and Malaysian palm oil. Upticks in crude oil spilled over into the vegetable oils. As the November canola contract […] Read more
North American Grain/Oilseed Review: StatCan releases report
Glacier FarmMedia MarketsFarm — The ICE Futures canola market took a step back on Wednesday following the release of new data from Statistics Canada. StatCan estimated in its latest principal field crop report, that was released this morning, canola production for 2024-25 was at 19.502 million tonnes, 310,000 more than the 2023-24 figure. One analyst said […] Read more
ICE Midday: Canola lower after StatCan report release
Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a small step back on Wednesday morning following the release of new data from Statistics Canada (StatCan). StatCan estimated in its latest principal field crop report released this morning that canola production for 2024-25 at 19.502 million tonnes, 310,000 more than the 2023-24 figure. One analyst […] Read more
ICE Canada Morning Comment: Larger canola crops weigh on prices
Additional pressure from comparable oils
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange stepped back on Wednesday morning, following the release of the Statistics Canada report on principal field crops. StatCan raised canola output for 2023/24 to 19.19 million tonnes from 18.33 million. Also, federal agency pegged canola production for 2024/25 at 19.50 million […] Read more
North American Grain/Oilseed Review: Canola, grains in the green
Glacier FarmMedia MarketsFarm — The ICE Futures canola market continued its upward momentum on Tuesday despite coming off its highs. While European rapeseed was up, Chicago soyoil and Malaysian palm oil were down. Meanwhile, crude oil corrected itself from Monday’s gains. Statistics Canada (StatCan) will release its latest principal field crop report Wednesday morning at 7:30 […] Read more
ICE Midday: Canola showing independent strength
Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its upward momentum on Tuesday, rising by double digits. While Chicago soyoil and European rapeseed were up, Malaysian palm oil was down and crude oil corrected itself from Monday’s gains. Statistics Canada (StatCan) will release its latest principal field crop report Wednesday morning at 7:30 […] Read more