Futures

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market declined on Thursday morning, following weakness in most comparable oils. Chicago soyoil and European rapeseed were lower to start the day, while crude oil also took a step back due to economic concerns in China. However, Malaysian palm oil was higher. The Canadian dollar was down two-tenths […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower on Wednesday, with the only gain coming in the deferred July position. A trader said canola was due for a correction after spec fund short covering along with a good amount of farmer selling. He noted that farmers were […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower at midsession Wednesday, with an overdue correction according to a trader. He said the farmers have been very good sellers of canola lately and the speculative funds were covering their short positions. However, outside the market influences were pressuring the […] Read more

Reading Time: < 1 minute Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –  The Bank of Canada (BoC) cut its key interest rate by 25 basis points on Wednesday to 4.50 per cent. This is the BoC’s second consecutive rate cut. The central bank said Canadian economic growth […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning due to a lack of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. However, crude oil made gains after a drawdown in United States stockpiles. The Canadian dollar […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Wednesday morning ahead of the next interest rate announcement from the Bank of Canada. As of 8:38 am CDT, the loonie was at US$0.7256 or US$1=C$1.3784 compared to Tuesday’s close of US$0.7263 or US$1=C$1.3768. On the United States Dollar Index, the […] Read more

Reading Time: < 1 minute Intercontinental Exchange canola futures added more gains on Tuesday, as the fund liquidation continued.

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise at midsession Tuesday, in what an analyst said is very likely more fund liquidation. “It’s sunnier than I thought they would be,” he commented about canola’s gains. Also, the analyst suggested that should canola add two to three dollars […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market on Tuesday morning added onto Monday’s gains while showing independent strength. Chicago soyoil was higher to start the day, but European rapeseed and Malaysian palm oil were down. Crude oil also declined due to lower demand from China. The Canadian dollar was down less than one-tenth […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures leapt higher in heavy activity on Monday, propelled by speculative funds mostly likely liquidating their short positions. An analyst said the next resistance level for the November contract is likely around C$685 to C$695 per tonne. Despite the heatwave across the Prairies, […] Read more