Glacier FarmMedia MarketsFarm – The ICE Futures canola market was seeing another day of declines at midday Friday, due to weakness in most comparable oils. One analyst noted that negative price movement in Chicago soyoil and European rapeseed were pressuring canola prices, with the latter showing poor crop conditions. While small losses in crude oil pressured […] Read more
ICE Midday: Canola lower as weekend approaches
ICE Canada Morning Comment: Canola pulling back
Pressure coming from weaker Chicago soy complex
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Friday morning, following the Chicago soy complex to the downside. Small losses in crude oil weighed on the vegetable oils, but European rapeseed and Malaysian palm oil were higher. As fall officially starts on Sunday, Prairie temperatures are to turn […] Read more
North American Grain/Oilseed Review: Canola, grains into the red
WINNIPEG — The ICE Futures canola market moved back-and-forth on Thursday before ending the day lower despite mostly positive sentiment in comparable oils. One trader said canola could be pivoting into a move sideways and stay rangebound between C$560 to C$590 per tonne in the November contract. He also noted a lack of direction in […] Read more
ICE Midday: Canola eases into negative territory
Glacier FarmMedia MarketsFarm – The ICE Futures canola market slipped back into the red on Thursday despite mostly positive sentiment in comparable oils. One trader said canola could be pivoting into a move sideways and could stay rangebound between C$560 to C$590. He also noted a lack of direction in soybeans. Chicago soyoil was higher, […] Read more
ICE Canada Morning Comment: Canola turns lower
Slips below 20-day moving average
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures stepped back on Thursday morning, correcting a multi-day rally. While Chicago soybeans dipped there were gains in soyoil and soymeal. There were increases as well in Malaysian palm oil, and in most European rapeseed contracts. Modest upticks in crude oil underpinned the vegetable […] Read more
North American Grain/Oilseed Review: Canola rises higher, soybeans up
Glacier FarmMedia MarketsFarm — The ICE Futures canola market maintained its positive momentum on Wednesday with plenty of support from vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains. However, crude oil was slightly above unchanged. One analyst believes November canola could be making a run at C$600 per tonne, with the […] Read more
ICE Midday: Canola continues to move upward
Glacier FarmMedia MarketsFarm – The ICE Futures canola market maintained its positive momentum on Wednesday with plenty of support from vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all made gains in the middle of trading. However, crude oil was slightly in the red. One analyst believes November canola could be making a run […] Read more
ICE Canada Morning Comment: Canola firmly on upward path
November contract approaching C$600/tonne
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued their upward trend on Wednesday morning, amid speculation the November contract could return to C$600 per tonne. The Canadian oilseed pushed above its 20-day moving average. However, November canola remained well back of other technical resistance levels. Support was spilling over from […] Read more
North American Grain/Oilseed Review: Canola up, CBOT grains mixed
Glacier FarmMedia MarketsFarm — The ICE Futures canola market continued to expand its gains on Tuesday with help from most comparable oils. Chicago soyoil and European rapeseed were both on the rise, while crude oil was also higher as traders await the United States Federal Reserve’s key interest rate decision on Wednesday. However, Malaysian palm […] Read more
ICE Midday: Canola rises again on Tuesday
Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to expand its gains on Tuesday with help from most comparable oils. Chicago soyoil and European rapeseed were both on the rise, while crude oil was also higher as traders await the United States Federal Reserve’s key interest rate decision on Wednesday. However, Malaysian palm […] Read more