Futures

Reading Time: 2 minutes By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Monday, taking some direction from gains in Chicago soyoil. European rapeseed and Malaysian palm oil futures were also stronger. Chart-based speculative short-covering was a feature, with prices testing some key chart levels. The weekly Commitments of Traders report showed […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Monday, seeing some follow-through buying after Friday’s rally. Bullish technical signals contributed to the gains, with the new crop November contract moving above its 200-day moving average and the nearby July contract nearing resistance at C$670 per tonne. […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market came out of the weekend making small gains on Monday, thanks to mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were also up, while crude oil was on the rise due to signs China is trying to stimulate economic growth. European rapeseed was […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply higher on Friday, taking back most of the losses posted the previous two sessions as a rally in Chicago soyoil provided spillover support. Monthly supply/demand estimates from the United States Department of Agriculture included the agency’s first balance sheets for the […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Friday, finding spillover support from Chicago soyoil as traders adjust positions ahead of the United States Department of Agriculture’s monthly supply/demand report. The monthly data will include the agency’s first balance sheets for the 2024/25 crop, with updates […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mixed on Friday morning despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher, while crude oil was also in the green due to rising chances of key interest rate cuts by the United States Federal Reserve. However, Malaysian palm oil […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was on the rise Friday morning, following a relatively positive jobs report from Statistics Canada. As of 8:37 am CDT, the loonie was at US$0.7329 or US$1=C$1.3644 compared to Thursday’s close of US$0.7304 or C$1.3692. On the U.S. Dollar Index, the greenback nudged up […] Read more

Reading Time: 2 minutes By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker on Thursday, as losses in Chicago soyoil weighed on values and canola continued to back away from nearby highs. European rapeseed and Malaysian palm oil futures were also weaker on the day, adding to the softer tone in canola. Chart-based […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker at midday Thursday, backing away from overnight gains as losses in the Chicago soy complex spilled over to weigh on values. European rapeseed and Malaysian palm oil futures were also weaker on the day, adding to the softer tone in […] Read more

Reading Time: < 1 minute Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mostly lower on Thursday morning amid mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil both traded in the red, while European rapeseed was in positive territory. Crude oil was steady as speculation of OPEC+ increasing output was offset by a large draw in […] Read more