Futures

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, as an upward shove during the last minutes of trading turned prices positive. Canola came out of the overnight session with losses, only to rise up C$6 to C$7 per tonne during the morning, a trader explained. He […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower at midsession Wednesday, after a bout of volatility earlier. “Trading last night we were down a couple of bucks…and this morning we were up six or seven. Now we are down a couple of bucks again,” a trader commented. He was […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing some follow-through buying as contracts continued to recover off nearby lows. European rapeseed and Malaysian palm oil were both up on the day, providing some spillover support. However, markets in the United States were closed for […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Tuesday, although gains faded from earlier highs. For a second day, the old crop July contract broke through its psychological support level of C$600 per tonne, but again recovered sufficiently to close above it. Support for […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Tuesday, recovering with support from comparable oils. Increases in the Chicago soy complex spilled over into canola, as did gains in European rapeseed. Malaysian palm oil was back trading with prices steady to higher. Modest upticks in crude oil […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to see prices get dragged downwards on Tuesday morning despite mixed sentiment in comparable oils. European rapeseed and Malaysian palm oil were down. However, Chicago soyoil was up and crude oil extended its gains due to risk-on sentiment. The Canadian dollar was up less than […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed slightly lower on Monday in trading that saw the nearby contracts either side of steady. At one point the July contract broke through its support level of C$600 per tonne but reclaimed some its lost ground. An analyst noted July’s next […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained lower at midsession Monday despite an attempt to recover. An analyst stated canola was testing its support level of C$600 per tonne in the nearby July contract and should it break through that, the next level is around C$585/tonne. “Whatever inertia we […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Monday morning, hitting fresh three-month lows as bearish technical signals and losses in outside markets weighed on values. Chicago soyoil and European rapeseed were both down, while the Malaysian palm oil market was closed for a holiday. The July canola […] Read more

Glacier FarmMedia MarketsFarm — The ICE Futures canola market tumbled and tested new support levels on Friday as comparable oils provided negative sentiment. Chicago soyoil and European rapeseed were lower. Meanwhile, crude oil was down partially due to demand concerns. Malaysian palm oil was higher. The Canadian Grain Commission reported 152,100 tonnes of canola exports during […] Read more