Futures

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning due to a lack of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. However, crude oil made gains after a drawdown in United States stockpiles. The Canadian dollar […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Wednesday morning ahead of the next interest rate announcement from the Bank of Canada. As of 8:38 am CDT, the loonie was at US$0.7256 or US$1=C$1.3784 compared to Tuesday’s close of US$0.7263 or US$1=C$1.3768. On the United States Dollar Index, the […] Read more

Intercontinental Exchange canola futures added more gains on Tuesday, as the fund liquidation continued.

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Tuesday, in what an analyst said is very likely more fund liquidation. “It’s sunnier than I thought they would be,” he commented about canola’s gains. Also, the analyst suggested that should canola add two to three dollars […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market on Tuesday morning added onto Monday’s gains while showing independent strength. Chicago soyoil was higher to start the day, but European rapeseed and Malaysian palm oil were down. Crude oil also declined due to lower demand from China. The Canadian dollar was down less than one-tenth […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures leapt higher in heavy activity on Monday, propelled by speculative funds mostly likely liquidating their short positions. An analyst said the next resistance level for the November contract is likely around C$685 to C$695 per tonne. Despite the heatwave across the Prairies, […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were up sharply at midsession Monday, most likely due to the speculative funds liquidating their short positions according to an analyst. The November canola contract has well exceeded its resistance level of C$650 per tonne with the next level believed to be around […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market resumed its rally on Monday, receiving support from comparable oils as well as hot and dry temperatures. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher on Monday morning. However, crude oil was lower, partially due to economic uncertainty in China. The Canadian dollar was […] Read more

WINNIPEG — The ICE Futures canola market saw early gains fade into the red on Friday despite persistent hot and dry weather on the Prairies. One trader said declining crush margins and negative outlooks for the Chicago soy complex are pressuring canola prices. Chicago soyoil and Malaysian palm oil were higher, but European rapeseed was […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market saw early gains fade into the red on Friday despite persistent hot and dry weather on the Prairies. One trader said declining crush margins and negative outlooks for the Chicago soy complex are pressuring canola prices. Chicago soyoil, European rapeseed and Malaysian palm oil were in […] Read more