Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower in the middle of trading on Thursday despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was lower. Crude oil made gains as demand for heating fuel outweighed growing United States stockpiles. Most U.S. […] Read more
ICE Midday: Canola dips lower
ICE canola posting losses Thursday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Thursday morning, taking back some of yesterday’s gains as the futures ran into chart resistance. Overnight losses in Malaysian palm oil accounted for some spillover selling pressure, as the palm market hit its softest levels since October. […] Read more
North American Grain/Oilseed Review: Canola rebounds, grains drop
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Wednesday, helped out by a weaker Canadian dollar. Chicago soyoil and European rapeseed were up, while Malaysian palm oil was down. Crude oil was also lower, pressured by a stronger United States dollar. One analyst said Chicago soyoil’s recent rise could potentially […] Read more
ICE Midday: Canola finding strength on lower loonie
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market bounced back on Wednesday despite mixed sentiment in comparable oils, due to a weaker Canadian dollar. Chicago soyoil and European rapeseed went up, while Malaysian palm oil was down. Crude oil was also slightly lower, being pressured by a stronger United States dollar. One analyst said […] Read more
ICE canola rising Wednesday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, taking some direction from Chicago soyoil. European rapeseed was also up on the day, although Chicago soybeans and Malaysian palm oil were lower. The March canola contract was trading above both its 20- and 100-day moving averages […] Read more
North American Grain/Oilseed Review: Canola lower, wheat moves up
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined on Tuesday despite positive sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil strengthened during the day. Crude oil prices were higher on signs of a tighter market. One analyst said if the March soyoil contract surpasses 41 United States cents per […] Read more
ICE Midday: Canola diverges from rising oils
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market declined in the middle of trading on Tuesday despite positive sentiment for comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all strengthened during the day. Crude oil prices were higher on signs of a tighter market. One analyst said if the March soyoil contract […] Read more
ICE canola weakens Tuesday morning
By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting losses Tuesday morning in thin and choppy trade. Losses in Chicago soybeans accounted for some spillover selling pressure, although European rapeseed and Malaysian palm oil futures were both higher on the day. The March canola contract dipped below its […] Read more
North American Grain/Oilseed Review: Canola, grains move upward
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains on Monday to go with mixed movement in comparable oils. Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was down. Crude oil was also down despite Saudi Arabia raising its own prices to Asian buyers. One analyst said that while […] Read more
ICE Midday: Canola given a boost by comparable oils
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made small gains in the middle of trading on Monday to go with mostly positive movement in comparable oils. Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was down. Crude oil was also up, hitting its highest prices since October 2024. One analyst […] Read more