Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Friday after losing earlier gains this morning. Ongoing ideas of Canada’s canola crop likely to be well short of Statistics Canada’s estimate of 18.98 million tonnes continued to underpin the market. A number of projections put […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower at midday Friday, in a likely sell-off ahead of the weekend. November options are set to expire today with Oct. 31 scheduled for first notice day. An analyst commented canola was “overbought” stochastically, but noted the market wasn’t bearish. Pressure on […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small gains on Friday morning, supported by export demand while negative sentiment in the vegetable oils tempered the increases. Canola prices are being supported by provincial crop reports and farmers saying average canola yields are well below Statistics Canada’s projections, adding that actual production may […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday in an attempt to restart its upward trend. Export demand, especially that from China is believed to be behind the increases as there are concerns there might not be enough canola available for export. The trade leans towards […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midday Thursday, although they stepped back from larger increases earlier. An analyst stated few in the trade believe Canadian canola production for 2024/25 will reach the 18.98 million tonnes estimated by Statistics Canada. He estimated the crop could be as […] Read more

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market moved up by double-digits in nearby contracts Thursday morning, strengthened by comparable oils. Malaysian palm oil saw large gains, while Chicago soyoil was up by more than one United States cent per pound. European rapeseed and crude oil also moved higher. The Canadian dollar was […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures finished narrowly mixed on Wednesday, as choppy trading pushed the oilseed to either side of unchanged. That brought to a halt the latest rally in canola, but a trader said buyers remain eager to purchase it. He said they are concerned that […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher in choppy trading at midday Wednesday, after posting losses earlier. A broker said support for the Canadian oilseed comes from market concerns about the country’s canola crop being smaller than the 18.98 million tonnes projected by Statistics Canada. The federal […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made small gains on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was down. Crude oil also pulled back due to larger United States stockpiles. The Canadian dollar was down less than one-tenth of a U.S. […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Tuesday, with the Canadian oilseed pulled along by increases in comparable oils. Gains in Malaysian palm oil and European rapeseed brought them close or at new contract highs. The Chicago soy complex climbed higher, with significant upticks in soyoil. […] Read more