Futures

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Monday, falling below nearby chart support as losses in Chicago soyoil weighed on values. The old crop July and new crop November contracts both fell below their 20-day moving averages, with the July futures trading under C$700 per tonne for […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market exited the weekend in negative territory partly due to a stronger Canadian dollar. The loonie was up three-tenths of a United States cent compared to Friday’s close, approaching the 73-cent mark. Chicago soyoil and Malaysian palm oil were down while European rapeseed was up. However, crude […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures closed lower on Friday, due to pressure from the Chicago soy complex, especially sharp losses in soyoil. Additional pressure came for declines in Malaysian palm oil, while European rapeseed was higher. Crude oil was narrowly mixed, offering little direction to the vegetable oils. […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were lower late Friday morning, getting pressure from sharp declines in Chicago soyoil. An analyst said uncertainty over United States biofuel policies is driving down soyoil futures, with the spillover pulling down canola. Losses in Chicago soybeans and Malaysian palm oil added […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Friday morning, as losses in the Chicago soy complex spilled over to weigh on values. Soyoil futures were down sharply amid uncertainty over biofuel demand in the United States, as the government is said to be considering clearing a large backlog of requests […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – There was a significant turnaround for Intercontinental Exchange canola futures on Thursday, with the Canadian oilseed finishing higher. After trading was choppy this morning, canola pushed lower but pulled a U-turn to the upside. A trader said there’s a tug-of-war going on in canola with support […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were pulling back late Thursday morning, as price rationing has likely worked said a trader. “Demand may have evaporated in the short term, which the market needed to do,” said the trader. He noted the market now has become a tug-of-war between […] Read more

Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Thursday morning, seeing some follow-through selling after Wednesday’s downturn. Losses in Chicago soybeans and soyoil added to the bearish tone, with European rapeseed and Malaysian palm oil also lower on the day. The old crop July contract was testing its 20-day moving average […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell back on Wednesday due to rain in next week’s Prairie weather forecast. The much-needed moisture is to help alleviate dry conditions throughout most of the region. Today’s losses wiped out all of Tuesday’s increases and a little bit more. Additional pressure […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures fell back late Wednesday morning, erasing yesterday’s gains. A trader said the threat of rain for next week was pressuring canola. This comes after dryness across most of the Prairies pushed canola higher, along with tight old crop supplies which still hover […] Read more