Futures

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

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains at midday Thursday, seeing a correction after posting sharp losses earlier in the week. “Everything was just ready for a bounce,” said a trader, noting that there was no fresh fundamental news behind the strength. He added that […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market made its way back into positive territory on Thursday morning, supported by comparable oils. There were sharp gains in Chicago soyoil and Malaysian palm oil, while European rapeseed was also higher. Crude oil moved slightly upward. The Canadian dollar was steady compared to Wednesday’s close. Yesterday the […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market dropped for the third session in a row on Wednesday, settling just above major support levels as chart-based selling pressure and a lack of significant end user demand weighed on values. Relatively favourable Prairie crop conditions for the new crop and large old […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Wednesday, as bearish technical signals and spillover from outside markets weighed on values. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all lower, although firmness in soybeans limited the bearish influence to some extent. Relatively favourable […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly lower on Wednesday despite positive sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil also moved upward, providing some relief from heavy losses over the past two days. The Canadian dollar was up […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market fell to its weakest levels of the past month on Tuesday, seeing follow-through selling after Monday’s sharp drop. Large old crop supplies and favourable conditions for new crop development contributed to the declines, with end-users content to watch prices trend lower. Losses in […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff as bearish technical signals, large old crop supplies and only minimal demand weighed on prices. The widening old/new crop spread signaled a lack of concern over supply tightness, according to a trader […] Read more

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Tuesday morning, but lagged comparable oils to the downside after posting larger losses on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red. Crude oil continued to fall after OPEC+ announced it will phase out supply cuts by next […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply weaker on Monday, falling below nearby support to its weakest levels in a month as stops were hit on the way down. Losses in Chicago soybeans and soyoil accounted for some spillover weakness in the Canadian oilseed. European rapeseed futures were […] Read more