By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Monday morning, seeing a profit-taking correction to start the week as values backed away from their nearby highs. Losses in Chicago soyoil accounted for some spillover selling pressure on the canola market, with European rapeseed and Malaysian palm oil […] Read more
ICE canola backing away from nearby highs to start week
North American Grain/Oilseed Review: Canola, CBOT grains mixed
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed on Friday despite mostly negative sentiment in comparable oils. Malaysian palm oil was positive, but Chicago soyoil and European rapeseed were lower. Crude oil lost more than US$1 per barrel due to rising United States stockpiles and refinery maintenance. The Canadian Grain Commission reported […] Read more
ICE Midday: Canola weakens, crude oil sinks
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small declines in the middle of trading on Friday due to mostly negative sentiment in comparable oils. Malaysian palm oil was positive, but Chicago soyoil and European rapeseed were lower. Crude oil lost more than US$1 per barrel due to rising United States stockpiles and […] Read more
ICE canola correcting lower Friday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Friday morning, backing away from the three-month highs hit Thursday. Chart-based positioning ahead of the weekend contributed to the declines, with losses in Chicago soyoil also weighing on values. Weekly Canadian canola exports of 172,800 tonnes were down seven […] Read more
North American Grain/Oilseed Review: Canola rises, grains mixed
Glacier FarmMedia | MarketsFarm — The ICE Futures canola market maintained positive momentum, aided by rising comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Crude oil also made gains despite a buildup of United States inventories. Agriculture and Agri-Food Canada raised its estimates for both 2024-25 and 2025-26 canola stocks by […] Read more
ICE Midday: Canola still climbing higher
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market maintained positive momentum in the middle of Thursday trading, aided by rising comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Crude oil was also making gains despite a buildup of United States inventories. The Canadian dollar was up more than one-tenth […] Read more
ICE canola rising Thursday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Thursday morning, trading just below the three-month highs hit Wednesday. Gains in Chicago soybeans and soyoil provided spillover support, with Malaysian palm oil also firm in overnight activity. However, European rapeseed was mixed. Supportive chart signals and the need […] Read more
North American Grain/Oilseed Review: Canola hangs on, grains drop
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market saw earlier gains soften on Wednesday but remained on the plus side. While Chicago soyoil was down, Malaysian palm oil was up and European rapeseed was mostly higher. Crude oil also made gains due to supply uncertainty. Tightening supply issues in Canada underpinned canola, but […] Read more
ICE canola strengthens Wednesday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, trading near three-month highs. Supportive technical signals and demand rationing underpinned values, as charts remain pointed higher and supplies continue to tighten. Malaysian palm oil was sharply higher in overnight trade, although that market was starting to […] Read more
North American Grain and Oilseed Review: Old crop canola retreats from early gains
A positive tone in Chicago
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures failed to hang on to most of their gains in the old crop contracts on Tuesday, while the new crop positions were narrowly mixed. There were increases in Chicago soybeans and soyoil, as well as European rapeseed. Malaysian palm oil was relatively […] Read more