Futures

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Friday for the third consecutive day. Support came from gains in Chicago soybeans and soymeal, as well as European rapeseed. Losses in Chicago soyoil weighed on canola values while Malaysian palm oil was relatively steady. Crude oil prices slipped […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Friday, continuing to build on gains following Tuesday’s sharp losses. “If we can close up five dollars [per tonne] on canola…we’ll be in great shape,” an analyst commented, but noted that Chicago soyoil was lower. While that applied some […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger Friday morning, continuing to correct off the two-month lows hit earlier in the week. Chart-based positioning ahead of the weekend was a feature, as values held above major technical support levels. Gains in European rapeseed futures and the Chicago soy […] Read more

Reading Time: 2 minutes   By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted solid gains on Thursday, seeing a continuation of Wednesday’s corrective bounce. Chart-based speculative buying was a feature, with some stops likely hit as contracts moved back above some key technical levels. Gains in Chicago soybeans and European rapeseed futures provided spillover […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, seeing a continuation of Thursday’s corrective bounce off nearby lows. Chart-based speculative positioning was a feature, with the July contract moving back above some major moving averages. Gains in Chicago soybeans and European rapeseed futures provided spillover support. […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Thursday morning, building on yesterday’s gains. Increases in the Chicago soy complex, European rapeseed and Malaysian palm oil lent support to the Canadian oilseed. Global crude oil prices were relatively steady, which provided little direction to the vegetable oils. While […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, taking back about half of yesterday’s steep losses. This came despite sharp declines in crude oil prices, which would normally place a great pressure on the oilseeds. Support for canola came from upticks in Chicago soybeans and soyoil, […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Wednesday, taking back a portion of yesterday’s sharp losses. “You break the market 20 to 30 bucks, you’re not going to get the follow through,” a trader commented about recent sessions. He noted the commodity funds haven’t pressed the […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market traded to both sides of unchanged Wednesday morning, seeing some consolidation after dropping sharply lower on Tuesday. Yesterday’s selloff was bearish from a chart standpoint, encouraging some additional speculative selling overnight. However, support was also uncovered to the downside, with the market participants […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard on Tuesday, getting pressure from declines in comparable oils. A trader emphasized that canola has turned weaker due largely to sharp losses in Chicago soyoil. He said there’s been reduced demand for soyoil from the biofuel sector. Added to that […] Read more