Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Tuesday morning, despite losses in the Chicago soy complex. “We sold off hard and there’s still a tight balance sheet,” said a broker. Canola had dropped significantly over the last few sessions. Also, Canada’s canola exports and domestic use […] Read more
ICE Canola Midday: Futures reverse course with gains
Dry conditions persisting
ICE canola retreats from overnight gains
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the […] Read more
North American Grain and Oilseed Review: A tough day for canola
Steep declines as U.S. markets reopen
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures resumed their sharp losses on Monday after closing mixed on Friday. The United States markets were back in full swing after the Independence Day long weekend. Heavy pressure from weakness in the Chicago soy complex weighed on canola. Losses in European rapeseed […] Read more
ICE Canola Midday: Canola falls with other vegetable oils
'A dismal day' says analyst
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were weaker late Monday morning, following outside markets to the downside. “It’s going to be a dismal day,” one analyst said of canola. There were sharp losses in the Chicago soy complex, along with declines in European rapeseed while Malaysian palm oil […] Read more
ICE canola weaker Monday morning
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Monday morning, as relatively favourable North American growing conditions and losses in outside markets weighed on values. The Chicago soy complex was posting large losses as activity resumed after last Friday’s Independence Day holiday in the United States. European rapeseed was also lower, although Malaysian palm oil […] Read more
ICE Closing Review: Lack of change for canola
Reading Time: < 1 minute Canola futures on the Intercontinental Exchange showed little movement on Friday in light trading and a lack of support from comparable oils. European rapeseed was lower but Malaysian palm oil was higher. Crude oil was down due to a planned output hike by OPEC+ in August. Most areas of the Prairies are forecast to be […] Read more
ICE Midday: Canola slightly higher despite light activity
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were moving upward in the middle of lighter trading on Friday despite a lack of support from comparable oils. European rapeseed was higher while Malaysian palm oil was lower. Crude oil was also in negative territory as the trade weighed in on OPEC+’s planned output […] Read more
ICE Canada Morning Comment: Canola looking for positive traction
U.S. markets closed for July 4th holiday
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were slightly higher on Friday morning in quiet holiday trading. Activity will be somewhat muted today as the U.S. markets are closed for Independence Day. Concerns over dry conditions on the Prairies and indications canola could be eligible for United States biofuel […] Read more
North American Grain/Oilseed Review: Canola tumbles, corn, soybeans gain
Reading Time: 2 minutes Glacier FarmMedia | MarketsFarm – Canola ended its rally on the Intercontinental Exchange on Thursday as prices encountered resistance. An analyst said canola may have undergone a correction after substantial gains in the previous two sessions. Weaker comparable oils and a stronger Canadian dollar also pressured prices. Chicago soyoil and European rapeseed were lower while […] Read more
ICE Midday: Canola falls back
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange halted their rally and suffered double-digit losses in the middle of trading on Thursday. An analyst said canola could be undergoing a correction considering its large net-long position. Weakness in comparable oils and a stronger Canadian dollar also pressured prices. Chicago soyoil and European […] Read more