Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed independent strength on Friday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil made gains while European rapeseed was lower. Crude oil prices were mostly steady. The Canadian dollar was up less than one-tenth of a United States cent compared to […] Read more
ICE canola in positive territory
North American grain/oilseed review: Canola corrects lower
ICE canola futures were unable to hold onto early gains, settling with small losses on Thursday. Optimism over movement on trade talks with China faded Thursday, as Prime Minister Mark Carney told reporters trade talks were focused on “a much broader range of issues than single sectors and single trades,” when asked about halting Canadian […] Read more
ICE canola continues higher at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, nearing its highest levels of the past month as gains in Chicago soyoil and soybeans provided spillover support. European rapeseed and Malaysian palm oil were also higher on the day. The canola harvest is nearly finished across the Prairies, and the resulting […] Read more
ICE canola mostly lower
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed small losses on Thursday amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher to start the day while European rapeseed was lower. Crude oil was on the rise today after United States President Donald Trump claimed that India will stop […] Read more
North American grain/oilseed review: Canola continues higher
Glacier FarmMedia — ICE canola futures were stronger on Wednesday, seeing a continuation of Tuesday’s rally. While optimism over possible movement on trade talks with China remained somewhat supportive, analysts questioned whether the Canadian government would remove its tariffs on Chinese electric vehicles given the auto sector’s importance to vote-rich southern Ontario. November canola moved […] Read more
ICE canola firm at midday Wednesday
Glacier FarmMedia — The ICE Futures canola market was holding onto small gains in most months at midday Wednesday, taking some direction from the Chicago soy complex. Crude oil, European rapeseed and Malaysian palm oil were also higher on the day, providing spillover support for the Canadian oilseed. While optimism over possible movement on trade […] Read more
ICE canola leans lower
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed minimal losses on Wednesday morning. Chicago soyoil was up while European rapeseed and Malaysian palm oil were mostly higher. Crude oil also made gains, correcting itself from recent losses. The Canadian dollar was steady compared to Tuesday’s close. Alberta and most of Saskatchewan will see […] Read more
North American grain/oilseed review: Canola climbs higher amid trade optimism
Glacier FarmMedia — ICE canola futures were stronger on Tuesday, as optimism over trade relations with China provided support. While there was no actual movement on reopening the Chinese market to Canadian canola, the country’s ambassador to Canada told reporters over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles, China […] Read more
ICE canola boosted by trade optimism
Glacier FarmMedia — The ICE Futures canola market was posting solid gains at midday Tuesday, as optimism over thawing trade relations with China provided support. China’s ambassador to Canada told reporters via translator over the Thanksgiving weekend that if Canada removed its tariffs on Chinese electric vehicles China would remove its own levies on Canadian […] Read more
ICE canola positive after Thanksgiving weekend
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were making small gains but the momentum could be short-lived. Chicago soyoil, European rapeseed and Malaysian palm oil were lower. Crude oil was down US$1 per barrel as Israel and Hamas approach a ceasefire. The Canadian dollar was down three-tenths of a United States cent compared […] Read more