Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were narrowly mixed at midday Tuesday, lacking any clear direction in choppy trade. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the Canadian oilseed. Malaysian palm oil was also lower in overnight trade, while European rapeseed held near unchanged. Markets in […] Read more
ICE canola mixed at midday Tuesday
ICE canola in the red
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Tuesday morning, following the lead of comparable oils. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mixed. Crude oil lost more than US$1 per barrel, mainly due to oversupply fears. The Canadian dollar was steady compared to Monday’s close. […] Read more
North American grain/oilseed review: Canola consolidates higher to start week
Reading Time: 2 minutes The ICE Futures canola market was stronger on Monday, taking back some of Friday’s losses as contracts saw some consolidation to start the week. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the canola market. European rapeseed and Malaysian palm oil held closer to unchanged. U.S. markets will be closed […] Read more
ICE canola posting small gains at midday Monday
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were posting small gains at midday Monday, although activity was choppy as the market consolidated to start the week after dropping sharply on Friday. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure in the canola market. European rapeseed and Malaysian palm oil held closer […] Read more
ICE canola shows independent strength
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Monday morning, moving the opposite of comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were lower, pulling down canola prices. Meanwhile, crude oil was steady with a negative bias due to concerns regarding oversupply and the possibility of the end […] Read more
North American Grain and Oilseed Review: Weakness in canola ahead of weekend
Mixed movement in Chicago
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Friday, as the recent rally turns into rangebound trading. An analyst said that without any fresh news canola has “no appetite to go higher.” Today’s losses saw the January canola contract slip behind its 20-day moving average, but it remained […] Read more
ICE Canola Midday: ‘Non-descript trade’ weakens prices
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were pulling back mid-morning Friday, in what an analyst called “another day of non-descript trade.” The analyst said the recent rally in canola has turned into sideways trading due to a lack of fresh news, citing “no appetite to go higher.” There’s good […] Read more
ICE canola falling Friday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Friday morning, falling in sympathy with Chicago soyoil. European rapeseed and Malaysian palm oil were also down in overnight trade, with declines in crude oil behind some of the softness in the world vegetable oil markets. Weekly Canadian canola exports of 284,600 tonnes during the week ended […] Read more
North American Grain and Oilseed Review: Weakness in veg oils erode canola’s increases
Another day of losses in Chicago
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures were virtually unchanged on Thursday, unable to retain their gains from earlier in the session. Although canola tried to resume its post-harvest upward trend, pressure from losses in the Chicago soy complex and Malaysian palm oil proved to be too much to fend […] Read more
ICE Canola Midday: Resuming seasonal trend upward
Mixed support from comparable oils
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were clinging to small increases on Thursday morning, as part of the seasonal trend to climb higher following the end of harvest, an analyst said. The analyst added that canola could be still trying to catch up to the increases made by Chicago […] Read more