By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning with the nearby November contract pushing above C$600 per tonne. There was spillover coming from gains in the Chicago soy complex and European rapeseed, but Malaysian palm oil was a pinch lower. Modest declines in crude […] Read more
ICE Canada Morning Comment: Canola adding reclaimed ground
StatCan report set for tomorrow
North American Grain/Oilseed Review: Canola up, grains mixed
WINNIPEG — The ICE Futures canola market was on the rise on Monday with the November contract hitting a two-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all supportive of the oilseed. Crude oil was up nearly US$2 per barrel after a missile strike from militant group Hezbollah hit Israel over the […] Read more
ICE Midday: Canola starts the week higher
Glacier FarmMedia MarketsFarm – The ICE Futures canola market opened the week on the rise, with the November contract already hitting a two-week high. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher to start the week. Crude oil gained up to US$2 per barrel due to another flareup of tensions in the Middle […] Read more
ICE Canada Morning Comment: Canola edges upward
Rail movement resumes at CPKC, CN
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Monday morning despite comparable oils being mixed. While Chicago soyoil was on the rise, there were losses in soybeans and soymeal. As European rapeseed turned mixed, Malaysian palm oil swung upward. Although crude oil prices rose sharply, the […] Read more
North American Grain and Oilseed Review: Canola finishes strong
U.S. soybeans jump, while corn, wheat fall back
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed out the week Friday on a high note, holding its up and down path. There was ample spillover from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Also, strong upticks in crude oil prices were lending support […] Read more
ICE Canola Midday: Prices on the rise with upticks in soy
Gains in other comparable oils assisting
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned stronger by midsession on Friday, benefitting from sharp upticks in the Chicago soy complex. Gains in European rapeseed and Malaysian also spilled over into canola, while increases in crude oil added to the upswing in vegetable oils. “I don’t think there’s anything […] Read more
ICE canola recovering from Thursday’s losses
The ICE Futures canola market sought to end the week on a high note, continuing its up-and-down trade over the past few days. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher, providing support for the oilseed. Crude oil was also up, with gains of more than US$1 per barrel. Canadian Labour Minister […] Read more
North American Grain and Oilseed Review: Canola falls back amid pressure
All red in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Thursday, due to sharp declines in the Chicago soy complex and more moderate losses in European rapeseed. However, gains in Malaysian palm oil and global crude oil helped to limit the pull backs in canola. Rail movement is mostly […] Read more
ICE Canola Midday: Prices lower with soy, rapeseed
Lockouts bring most rail traffic to a halt
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at midsession Thursday, due to declines in the Chicago soy complex and European rapeseed. “People are bearish,” an analyst noted, especially in the European market. On the positive side, Malaysian palm oil was higher and there were modest upticks in […] Read more
ICE canola lower after rail shutdown
Glacier FarmMedia MarketsFarm – The ICE Futures canola market was lower on Thursday morning, hours after both of Canada’s major railways were shut down due to a work stoppage. At 12:01 a.m. this morning, Canadian National Railway and Canadian Pacific Kansas City failed to reach an agreement on new contracts with workers, represented by the Teamsters […] Read more