Reading Time: < 1 minute Glacier FarmMedia — The ICE canola market was posting small losses Monday morning in thin and choppy trade. The nearby November contract settled above its 20-day moving average for the first time in more than a month on Friday and was starting the week consolidating around that key chart point. Gains in Chicago soyoil provided […] Read more
ICE canola edges down to start week
North American grain/oilseed review: Canola hits two-week highs
Reading Time: 2 minutes Glacier FarmMedia — ICE canola futures were stronger on Friday, hitting their highest levels in two-weeks. Optimism following a recent Canadian trade mission to China provided support, with chart-based a positioning a feature.A trade delegation to China had “constructive discussions” with Chinese officials, according to a statement from Prime Minister Mark Carney’s office. November canola […] Read more
ICE canola up at midday Friday
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was stronger at midday Friday, finding spillover support from advances in Chicago soybeans and soyoil. Optimism over the possibility of easing tensions with China was also supportive. A trade delegation to the major canola buying country had “constructive discussions” with Chinese officials, according to a statement from […] Read more
ICE Canada Morning Comment: Canola on the rise
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were posting increases on Friday morning. Support for the Canadian oilseed came from gains in Chicago soybeans and soyoil as well as European rapeseed. That was tempered by declines in Chicago soymeal and Malaysian palm oil. Crude oil was higher, underpinning the vegetable […] Read more
North American grain/oilseed review: Canola corrects higher Wednesday
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate above the five-month lows hit last week. Chicago soyoil was also higher, providing some spillover support for the Canadian oilseed. European rapeseed was up on the day as well, but soybeans and Malaysian palm oil […] Read more
ICE canola turning higher as day progresses
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was posting small gains at midday Thursday, recovering from early losses as oversold price sentiment provided support. Gains in Chicago soyoil and soybeans added to the firmer tone in canola, although European rapeseed was down on the day. While tight old crop supplies remained supportive, the advancing […] Read more
ICE Canada Morning Comment: Canola slightly lower
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were easing back on Thursday morning, in light of mixed support from comparable oils. There were gains in the Chicago soy complex and Malaysian palm oil but declines in European rapeseed. Crude oil was lower as well, putting pressure on the vegetable oils. […] Read more
ICE review: Canola corrects higher Wednesday
Reading Time: < 1 minute ICE canola futures were stronger on Wednesday, taking back Tuesday’s losses as the market continued to consolidate above the five-month lows hit last week. Chicago soyoil was also higher, providing some spillover support for the Canadian oilseed. European rapeseed was up on the day as well, but soybeans and Malaysian palm oil were lower. While […] Read more
ICE canola holding onto gains at midday Wednesday
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was holding onto small gains at midday Wednesday, consolidating in a narrow range just above the five-month lows hit last week. While tight old crop supplies remained supportive, the new crop harvest is progressing rapidly amid relatively favourable weather conditions. Losses in Chicago soybeans put some pressure […] Read more
ICE Canada Morning Comment: Canola attempting to bounce back
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures swung higher on Wednesday morning, attempting to recover the previous day’s losses. Support for canola came from upticks in Chicago soyoil and European rapeseed, but losses in Chicago soybeans and soymeal as well as Malaysian palm oil limited the climb higher. Modest gains […] Read more