Glacier FarmMedia — ICE Futures canola contracts were sharply higher at midday Wednesday, as gains in crude oil and other vegetable oil markets were supportive. The escalating conflict in the Middle East provided the catalyst for much of the activity in the futures, with rising oil prices said to be leading to increased demand for […] Read more
ICE canola climbing higher at midday Wednesday
ICE canola climbs with comparable oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise. Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains. Crude oil advanced more than two U.S. dollars per barrel after vessels in the […] Read more
CBOT review: Grains down, soybeans up following USDA
SOYBEAN futures at the Chicago Board of Trade were higher on Tuesday, despite losses in crude oil and soyoil. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. The United States Department of Agriculture released updated […] Read more
ICE review: Canola falls with crude oil after choppy day
The ICE Futures canola market traded within a wide range Tuesday, settling with losses as sharp declines in crude oil weighed on values. Crude oil was pressured by comments from United States President Donald Trump claiming the war in Iran could end soon. Chicago soyoil, European rapeseed and Malaysian palm oil futures were weaker as […] Read more
ICE canola weakens in choppy trade
WINNIPEG–ICE Futures canola contracts were mostly lower at midday Tuesday, although activity was choppy as market participants remained focused on the ongoing conflict in the Middle East. Crude oil was pressured by comments from United States President Donald Trump claiming the war in Iran could end soon. Chicago soyoil, European rapeseed and Malaysian palm oil […] Read more
ICE canola up amid mixed sentiment
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Tuesday morning amid mixed sentiment in the comparable oils. Crude oil was lower as the G7 considers releasing up to 400 million barrels from strategic reserves, and on comments from U.S. President Donald Trump that the Middle East war may soon be […] Read more
U.S. grain/oilseed review: Soybeans/grains mostly lower after early gains
SOYBEAN futures at the Chicago Board of Trade were lower on Monday, retreating from overnight gains. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. A rally in crude oil caused soybean prices to hit their […] Read more
ICE review: Canola falls from early climb
The ICE Futures canola market gapped sharply higher in overnight trade, as the escalating Mideast war sent crude oil climbing. However, oil backed off its gains, and canola settled with small losses on Monday. West Texas Intermediate crude oil traded near US$120 per barrel in the April contract amid the escalating Iran war, as traffic […] Read more
ICE canola up in front months, but off highs at midday
WINNIPEG–ICE Futures canola contracts were holding onto gains in the front months at midday Monday, but well off their overnight highs with losses in the more deferred positions. Crude oil shot higher amid the escalating Iran war, as traffic through the Strait of Hormuz remains halted and many Mideast oil exporters cut back production. West […] Read more
ICE canola follows crude oil’s lead
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Monday morning, especially the nearby contracts, due to spillover from sharp gains in crude oil prices. Crude was up by more than US$9 per barrel on Monday morning, at around US$100, as the conflict in the Middle East drove up oil prices. […] Read more