Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, as its November contract pushed further above its now former resistance level of C$600 per tonne. A trader commented that support from technicals and short covering propelled canola upward. The November contract surpassed its 20 and 50-day moving […] Read more

Intercontinental Exchange canola futures continued upward at midday Wednesday, as the November canola contract pushed further above its former resistance level of C$600 per tonne. A trader said the markets are essentially ignoring two important aspects. One of those being the strike by grain workers at the Port of Vancouver that started on Tuesday. He […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was finding strength on Wednesday morning due to rising vegetable oils. Chicago soyoil and Malaysian palm oil were up, while European rapeseed was mostly higher. However, crude oil corrected itself on Wednesday after making gains yesterday following China’s newly-announced economic stimulus package. The Canadian dollar was up […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm—The ICE Futures canola market was stronger on Tuesday, as chart-based positioning provided support. A move back above C$600 per tonne in the November contract was bullish from a technical standpoint, with gains in Chicago soybeans and soyoil providing spillover support. European rapeseed and Malaysian palm oil were also […] Read more

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm–The ICE Futures canola market was stronger at midday Tuesday, but was running into major resistance as selling came forward at the highs. Gains in Chicago soybeans and soyoil provided spillover support for canola. European rapeseed and Malaysian palm oil were also higher on the day. Dryness hampering soybean […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Tuesday morning, getting support from comparable oils. Concerns over dry conditions in South America continued to fuel increases in the Chicago soy complex. Also, there were gains in European rapeseed and Malaysian palm oil. Increases in crude oil were spilling […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed mostly higher on Monday but faded from much stronger increases earlier in the session. The November contract eased back despite poking its head above C$600 per tonne during trading, which is its 50-day moving average. An analyst commented that amounts to […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were higher at midday Monday, buoyed by a rally in the oilseeds. There were sharp gains in the Chicago soy complex and in European rapeseed with more modest increases for Malaysian palm oil. Crude oil prices turned pinch lower taking some support away from […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm—The ICE Futures canola market was stronger Monday morning, seeing a continuation of last week’s correction off contract lows. Gains in the Chicago soy complex provided spillover support, with European rapeseed and Malaysian palm oil also higher to start the week. The November contract was nearing chart resistance […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market overcame losses for much of Friday’s session to end the day in positive territory despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil helped to underpin canola prices. However, European rapeseed lost its gains to finish lower while crude oil incurred small losses. […] Read more