ICE Canola Midday: Tacking on small increases

Part of positioning ahead of Friday's USDA report

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Wednesday morning in an attempt to stabilize after a series of sharp losses. “Canola is staging a bit of a rally,” an analyst said, noting the markets were positioning ahead of tomorrow’s supply and demand report from the United […] Read more

ICE canola correcting higher in early trade

Glacier FarmMedia — ICE canola futures were stronger Thursday morning, finding some support after hitting one-month lows the previous session. Dryness concerns in parts of Western Canada and tight old crop supplies contributed to the gains. Chicago soyoil was holding near unchanged in early activity, providing little direction. European rapeseed and Malaysian palm oil were […] Read more


North American Grain and Oilseed Review: More sharp declines for canola

U.S. markets positioning ahead of July S/D report

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Wednesday, as the Canadian oilseed resumed its downward trend after a one-day respite. The November contract is now below its 20- and 50-day moving averages. A broker said fund selling and relatively decent crop conditions on the Prairies are […] Read more

ICE Canola Midday: Futures resume falling back

Fund selling, decent conditions underpinning declines

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures reverted to their downward drive with values notably lower late Wednesday morning. A broker said fund selling was one of the major factors behind the pullback with another being relatively decent conditions on the Prairies. The broker stressed that if conditions across […] Read more


ICE canola drops with soyoil Wednesday morning

Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains with losses in outside markets accounting for some of the spillover selling pressure. Chicago soyoil and European rapeseed futures were lower, although Malaysian palm oil hit three-month highs overnight before running into resistance. Chart-based positioning was a feature, with the November […] Read more

North American Grain and Oilseed Review: Gains end canola’s downturn

Good conditions in U.S. generate more losses

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday, ending a series of sharp losses. A broker said the recent selloff petered out and the trade was concerned about tight old crop supplies. The trade also continued to be wary about dry conditions across much of the […] Read more


ICE Canola Midday: Futures reverse course with gains

Dry conditions persisting

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Tuesday morning, despite losses in the Chicago soy complex. “We sold off hard and there’s still a tight balance sheet,” said a broker. Canola had dropped significantly over the last few sessions. Also, Canada’s canola exports and domestic use […] Read more

ICE canola retreats from overnight gains

Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the […] Read more


North American Grain and Oilseed Review: A tough day for canola

Steep declines as U.S. markets reopen

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures resumed their sharp losses on Monday after closing mixed on Friday. The United States markets were back in full swing after the Independence Day long weekend. Heavy pressure from weakness in the Chicago soy complex weighed on canola. Losses in European rapeseed […] Read more

ICE Canola Midday: Canola falls with other vegetable oils

'A dismal day' says analyst

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were weaker late Monday morning, following outside markets to the downside. “It’s going to be a dismal day,” one analyst said of canola. There were sharp losses in the Chicago soy complex, along with declines in European rapeseed while Malaysian palm oil […] Read more