Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained trending downward on Tuesday morning, hitting fresh contract lows as bearish technical signals and weakness in the Chicago soy complex weighed on prices. Yesterday’s supply and demand report from the United States Department of Agriculture forecast a record soybean yield of 53.2 […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, as losses in the Chicago soy complex following updated production estimates from the United States Department of Agriculture spilled over to weigh on values. The USDA forecast U.S. soybean production at a new record of 4.589 billion bushels, […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was narrowly mixed Monday morning, as traders squared positions ahead of monthly supply/demand estimates from the United States Department of Agriculture. Any surprises in the data will likely set the tone ahead of the close, with updated yield and production estimates for […] Read more

  By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were attempting a turn around on Monday morning, despite pressure from comparable oils. Losses in Chicago soybeans and soyoil as well as European rapeseed and Malaysian palm oil weighed on values. Upticks in Chicago soymeal provided a small measure of support and […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market could not maintain its upward momentum at the end of the week despite early gains on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was down. Crude oil was also higher. The Canadian Grain Commission […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market could not maintain its upward momentum at the end of the week amidst mixed sentiment in comparable oils. While Chicago soyoil was steady, European rapeseed was down and Malaysian palm oil was up. Crude oil was slightly higher. The weekend should see the return of warmer and […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to correct off contract lows Friday morning, posting gains for the third session in a row. The move back above C$600 per tonne in the November contract was supportive from a chart standpoint, encouraging some more speculative short covering as traders […] Read more

Glacier FarmMedia MarketsFarm – The Canadian dollar stayed relatively steady on Thursday. The loonie closed at US$0.7276 or US$1=C$1.3743 on Thursday, compared to US$0.7279 or US$1=C$1.3739 on Wednesday. Meanwhile, the United States Dollar Index was up 0.03 of a point at 103.22. Crude oil prices continued to rise amidst tensions in the Middle East. West […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market added onto its recovery from Wednesday, but came off its highs late in trading. European rapeseed and Malaysian palm oil showed strong gains while Chicago soyoil was slightly higher. Crude oil was also up amidst tensions in the Middle East. Cooler temperatures continued in the Prairies with […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto its recovery from Wednesday, finding some strength from vegetable oils. European rapeseed and Malaysian palm oil showed strong gains while Chicago soyoil was slightly higher. Crude oil was also up in the middle of trading. Cooler temperatures continued in the Prairies with warmer weather […] Read more