Futures

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Thursday, taking some direction from the Chicago soy complex. “If (soybean) oil is going to crash like it is today, then canola will just get dragged lower,” said a trader. Losses in European rapeseed and Malaysian palm oil […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell back into the red on Thursday morning following weakness in comparable oils. Chicago soyoil and Malaysian palm oil were down, while European rapeseed was mostly lower. After losing more than US$2 per barrel on Wednesday, crude oil was higher. The Canadian dollar was steady compared […] Read more

Glacier FarmMedia MarketsFarm — After a heavy downturn on Tuesday, the ICE Futures canola market recovered somewhat on Wednesday, with prices fueled by rising comparable oil prices. Crude oil gained more than US$2 per barrel due to shrinking United States inventories and the death of a Hamas leader after a missile strike in Tehran. Chicago soyoil, […] Read more

The ICE Futures canola market tried to recover from a heavy downturn in the middle of trading on Wednesday, fueled by rising comparable oil prices. Crude oil gained nearly US$2 per barrel due to shrinking United States inventories and the death of a Hamas leader after a missile strike in Tehran. Chicago soyoil, European rapeseed […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after falling sharply lower the previous three sessions. The November contract was trading back above the psychological C$620 per tonne level in early trade, which was supportive from a technical standpoint. Gains […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Tuesday, falling below nearby support and hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued its downward slide at midday Tuesday, hitting fresh two-week lows. Technical signals kept speculators on the sell side of the market, putting on fresh short positions after covering some of those bearish bets earlier in July. Losses in outside markets were […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to be under pressure on Tuesday morning from comparable oils. Chicago soyoil and European rapeseed were both down to start the day, while crude oil was also lower due to softening demand. However, Malaysian palm oil was slightly higher. The Canadian dollar was steady compared to […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Monday, as bearish chart signals and losses in the Chicago soy complex weighed on values. Speculative fund traders were thought to be back adding to their short positions, with nearby technical charts pointing lower. However, the November contract managed […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Monday, seeing follow-through selling after Friday’s sharp declines. Speculative selling was a feature, according to an analyst who expected fund traders were back in the market putting on fresh short positions. The November contract fell below its 20-day moving […] Read more