Reading Time: 2 minutes The ICE Futures canola market was stronger on Wednesday, with chart-based positioning and spillover from advances in the Chicago soybeans and soyoil providing support. A move above C$650 per tonne in the January contract was constructive from a chart standpoint, with nearby trendlines pointing higher, according to an analyst. A lack of significant export demand […] Read more
North American grain/oilseed review: Canola follows soy higher
ICE canola up at midday Wednesday
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Wednesday, seeing a continuation of Tuesday’s gains as nearby chart signals were pointing higher. Gains in Chicago soybeans and soyoil provided spillover support, although activity in the United States markets was somewhat choppy as traders there were squaring positions and moving to the sidelines […] Read more
ICE canola remains steady
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil was steady, European rapeseed was mixed and Malaysian palm oil was higher. Crude oil showed small declines as a Russia-Ukraine peace deal is being sorted out, as well as oversupply fears. The […] Read more
North American grain/oilseed review: Canola rises Tuesday
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market was stronger on Tuesday, after trading to both sides of unchanged in choppy activity. A turn higher in the Chicago soy complex after early losses accounted for some spillover buying interest in the Canadian oilseed. Chart-based positioning was a feature, with a move back above the 20-day […] Read more
ICE canola mixed at midday Tuesday
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 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