Glacier FarmMedia MarketsFarm -– The ICE Futures canola market traded in negative territory on Tuesday despite receiving some support from comparable oils. Relatively favourable Prairie weather conditions and large old crop supplies weighed on values, with bearish technical signals contributing to the declines as the November contract slipped below its 50-day moving average. Chicago soyoil was […] Read more
North American Grain/Oilseed Review: Canola down, wheat recovers
ICE Midday: Canola weaker despite support from oils
Glacier FarmMedia MarketsFarm – The ICE Futures canola market traded in negative territory on Tuesday despite receiving some support from comparable oils. Chicago soyoil was up, while European rapeseed was steady to higher. Malaysian palm oil made gains in the nearby contracts. After rising higher on Monday, crude oil was slightly lower on Tuesday. The Canadian […] Read more
ICE Canada Morning Comment: Canola continues to recede
Good crop prospects across Prairies
By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange remained lower on Tuesday morning as prospects for a good crop on the Prairies weighed on values. Pressure on canola also came from declines in Chicago soybeans and soyoil, as well as Malaysian palm oil while European rapeseed was narrowly mixed. […] Read more
North American Grain/Oilseed Review: Canola avoids losses, wheat tumbles
Glacier FarmMedia MarketsFarm – The ICE Futures canola market closed steady to higher on Monday with mixed sentiment in comparable oils. Chicago soyoil was steady while Malaysian palm oil was lower and European rapeseed was higher. Crude oil nearly gained US$2 per barrel ahead of major reports, as well as the U.S. Federal Reserve’s decision on […] Read more
ICE Midday: Canola exits weekend in the red
Glacier FarmMedia MarketsFarm – The ICE Futures canola market started the week off under pressure despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were both trading in negative territory on Monday, while European rapeseed was slightly higher. Crude oil was up US$1 per barrel ahead of reports from OPEC+ and the […] Read more
ICE Canada Morning Comment: Canola starts week on a lower note
Pressure coming from several sources
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned lower on Monday morning, giving up its overnight gains. Support came from upticks in the Chicago soy complex and European rapeseed while declines in Malaysian palm oil weighed on values. Slight increases in crude oil spilled over into the oilseeds. Large old […] Read more
North American grain/oilseed review: Canola ends weak on low note
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Friday, taking back much of Thursday’s gains with chart-based speculative selling ahead of the weekend a feature. Losses in the Chicago soy complex accounted for some spillover weakness in the Canadian oilseed. European rapeseed futures were also lower, although […] Read more
ICE canola weaker at midday Friday
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Friday, taking back much of Thursday’s gains with chart-based speculative selling ahead of the weekend a feature. Losses in the Chicago soy complex accounted for some spillover weakness in the Canadian oilseed. European rapeseed futures were also lower, […] Read more
ICE canola returns to the red
Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell back into negative trading on Friday despite mixed sentiment in comparable oils. While Malaysian palm oil was higher this morning, Chicago soyoil and European rapeseed were lower. Crude oil was steady to higher as some OPEC+ members stated that upcoming supply hikes will be contingent […] Read more
North American grain/oilseed review: Canola up for first time this week
By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted solid gains on Thursday, moving higher for the first time this week amid ideas the recent losses were looking overdone. Speculative buying was a feature, as prices bounced off major support. Gains in the Chicago soy complex contributed to the firmer tone, […] Read more