Futures

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned stronger at midsession Thursday, after three days of sharp losses. “I’m not sure if there’s any big driver today other than routine fluctuations,” a trader surmised about the canola’s turnaround. “[Soyoil] is up but palm oil is not moving very much. It’s […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding onto small gains Thursday morning, seeing a modest correction after dropping lower the previous three sessions. Chart-based positioning and end user bargain hunting underpinned the futures. Gains in Chicago soyoil provided spillover support, with Malaysian palm oil also higher in […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were down by double digits on Wednesday, as the global oilseed selloff continued. A trader said the November contract could soon test the psychological support level of C$600 per tonne. There were moderate to sharp losses in the Chicago soy complex, European […] Read more

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at midsession Wednesday, largely due to a sell-off in oilseeds. “There’s no really big news, it’s just sell, sell, sell,” an analyst commented. Canola was feeling pressure from losses in European rapeseed and Malaysian palm oil. There were also declines […] Read more

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small losses Wednesday morning, seeing a continuation of the chart-based selling pressure that weighed on values earlier in the week. While chart-based positioning and ideas the recent losses were overdone had provided some support overnight, the path of least resistance […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Tuesday, forced to follow another day of sharp declines in the Chicago soy complex. Canola also felt the pressure from sizeable pullbacks in European rapeseed and Malaysian palm oil. Losses in crude oil added to the slide in oilseeds. […] Read more

Intercontinental Exchange canola futures continued to pull back at midsession Tuesday, adding to yesterday’s sharp declines. Pressure on canola was coming from steep losses in Chicago soyoil, as well as soybeans and soymeal, a trader noted. He said canola has been holding up pretty well compared to soyoil, but the latter has dropped so much […] Read more

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Tuesday morning, seeing some follow-through selling after backing away from one-month highs on Monday. Spillover from losses in outside markets – including Chicago soyoil, European rapeseed and Malaysian palm oil – contributed to the declines in canola. The most-active November contract […] Read more

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Monday, consolidating after a strong rally last week. An analyst pointed out the coming hot temperatures across the Prairies this week will put stress on flowering canola and that might see an upward climb in the oilseed’s prices. Pressure […] Read more

Intercontinental Exchange canola futures were moving lower at midsession Monday, after running into resistance during the overnight session. “We had a really nice rally in canola and now we’re consolidating again,” an analyst commented. However, with Prairie temperatures forecast to exceed 30 degrees Celsius this week, the analyst noted that should be somewhat supportive. “Flowering […] Read more