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
ICE canola falling Friday morning
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
ICE canola rising Thursday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small gains Thursday morning, taking back some of Wednesday’s losses as speculators adjusted positions. Advances in Chicago soybeans provided spillover support, although soyoil was softer. Outside markets were also mixed, with gains in European rapeseed and a weaker tone in Malaysian palm oil. Canola futures remained relatively […] Read more
North American Grain and Oilseed Review: Canola turns weaker
Losses across the board in Chicago
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Wednesday, getting pressured by profit-taking and declines in comparable oils. The Chicago soy complex was down hard while losses in MATIF rapeseed and Malaysian palm oil were more moderate. A downturn in crude oil was also felt in the vegetable […] Read more
ICE Canola Midday: Profit taking, soy weakness weigh on prices
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were falling back on Wednesday morning, pulled down in part by profit-taking, a trader said. The trader also pointed to the weakness in the Chicago soy complex weighing on canola values. Also, declines in MATIF rapeseed and Malaysian palm oil were pressuring the […] Read more
ICE canola correcting lower Wednesday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, backing away from nearby highs as speculators booked profits. Losses in the Chicago soy complex accounted for some spillover selling pressure, with European rapeseed and Malaysian palm oil futures also lower on the day. A lack of significant export demand contributed to the declines, as […] Read more
North American Grain and Oilseed Review: Canola adds modest increases
Reading Time: 2 minutes Sale to China has little effect on U.S. prices By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures bumped up on Tuesday, largely due to a lack of farmer selling. A trader said growers are presently more interested in selling their wheat and waiting to see if Canada and China reach a […] Read more
ICE Canola Midday: Producers selling wheat instead says trader
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued upward on Tuesday morning, as a trader pointed to a lack of farmer selling of the oilseed. “In most years they’re selling canola to pay the bills. This isn’t one of them,” the trader said. “They’re selling wheat and they got a […] Read more
ICE canola consolidating slightly lower Tuesday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European […] Read more