Reading Time: 2 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange rose on Tuesday ahead of Canadian Prime Minister Mark Carney’s visit to China. Trade and agriculture will be two of the topics up for discussion during Carney’s visit. China imposed 100 per cent tariffs of Canadian canola oil and meal, as well as a 75.8 […] Read more
North American Grain/Oilseed Review: Canola rises, U.S. grains, oilseeds in the red
ICE Midday: Canola surges as Carney visits China
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were rising in the middle of Tuesday trading, lifted by comparable oils and speculation over Canadian Prime Minister Mark Carney’s visit to China. Chicago soyoil was up one United States cent per pound, while European rapeseed was higher and Malaysian palm oil was lower. Crude oil […] Read more
ICE Canada Morning Comment: Canola off to a strong start
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stronger on Tuesday morning, gleaning support from increases in Chicago soyoil and MATIF rapeseed. Losses in Malaysian palm oil as well as Chicago soybeans and soymeal tried to limit the upside in canola. Modest gains in crude oil underpinned the vegetable oils. […] Read more
North American Grain/Oilseed Review: Canola turns lower with CBOT grains, oilseeds
Reading Time: 3 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange erased earlier gains and ended the session lower on Monday. Soybean prices on the Chicago Board of Trade were down by double digits after the United States Department of Agriculture raised its ending stock estimates. Global soybean and soyoil ending stock estimates were also higher […] Read more
ICE Midday: Canola regains positive momentum
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange resumed their rallies on Monday morning after seeing negative movement on Friday. Chicago soyoil, European rapeseed and Malaysian palm oil were on the rise in the middle of trading. Meanwhile, crude oil traded on both sides of unchanged despite tensions in Iran and Venezuela. The United […] Read more
ICE Canada Morning Comment: Canola climbs higher
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher on Monday morning, taking their cue from gains in Chicago soybeans and soyoil as well as Malaysian palm oil. The increases were tempered by losses in MATIF rapeseed and Chicago soymeal, while declines in crude oil weighed on the vegetable oils. […] Read more
North American grain/oilseed review: Canola corrects lower to end week
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market closed lower Friday, seeing a modest correction to end the week after hitting fresh one-month highs in early activity. The March contract climbed above nearby resistance Friday morning to hit a session high of C$638.10 per tonne. However, the buying interest subsided, and the contract was well […] Read more
Uninterrupted ascent for ICE canola
Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange rallied again on Friday morning, owing to higher prices for comparable oils and a weaker Canadian dollar. Malaysian palm oil was lower, but Chicago soyoil and European rapeseed were up. Crude oil gained US$1 per barrel due to supply concerns out of Iran and ongoing tensions […] Read more
North American grain/oilseed review: Canola continues higher amid trade optimism
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market remained pointed higher on Thursday, seeing some independent strength amid optimism over looming trade talks with China. Prime Minister Mark Carney will visit China next week, with ideas the trip could lead to an easing of Chinese tariffs on Canadian canola underpinning the futures. Speculative short-covering […] Read more
ICE canola uptrend continues midday Thursday
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts remained pointed higher at midday Thursday, touching their highest levels in nearly four weeks. Optimism over Prime Minister Mark Carney’s visit China next week remained supportive, with ideas the trip could lead to an easing of Chinese tariffs on Canadian canola. Speculative short-covering and bullish chart signals contributed […] Read more