Futures

Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market closed lower Friday, seeing a modest correction to end the week after hitting fresh one-month highs in early activity. The March contract climbed above nearby resistance Friday morning to hit a session high of C$638.10 per tonne. However, the buying interest subsided, and the contract was well […] Read more

Reading Time: < 1 minute Glacier FarmMedia — Canola futures on the Intercontinental Exchange rallied again on Friday morning, owing to higher prices for comparable oils and a weaker Canadian dollar. Malaysian palm oil was lower, but Chicago soyoil and European rapeseed were up. Crude oil gained US$1 per barrel due to supply concerns out of Iran and ongoing tensions […] Read more

Reading Time: 2 minutes      Glacier FarmMedia — The ICE Futures canola market remained pointed higher on Thursday, seeing some independent strength amid optimism over looming trade talks with China. Prime Minister Mark Carney will visit China next week, with ideas the trip could lead to an easing of Chinese tariffs on Canadian canola underpinning the futures. Speculative short-covering […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts remained pointed higher at midday Thursday, touching their highest levels in nearly four weeks. Optimism over Prime Minister Mark Carney’s visit China next week remained supportive, with ideas the trip could lead to an easing of Chinese tariffs on Canadian canola. Speculative short-covering and bullish chart signals contributed […] Read more

Reading Time: 2 minutes      Glacier FarmMedia — The ICE Futures canola market settled at its highest levels in three weeks on Wednesday. Trade is expected to be a major topic when Canadian Prime Minister Mark Carney visits China next week, Jan. 13-17. Chinese tariffs have limited Canadian canola exports during the current marketing year, and optimism over possible […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were higher at midday Wednesday, continuing the uptrend of the past week. Canadian Prime Minister Mark Carney will visit China Jan. 13-17, his office said Wednesday. Trade is expected to be a major topic of discussion. Stiff Chinese tariffs have limited Canadian canola exports during the current marketing […] Read more

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their respective rallies on Wednesday morning, with the March and May contracts exceeding their 20-day averages. Canadian Prime Minister Mark Carney will visit China next week where agriculture will be one of the topics discussed. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. […] Read more

Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market was mostly higher at Tuesday’s close, as speculative short covering and end-user bargain hunting provided support. However, a downturn in the Chicago soy complex tempered the upside. March canola settled right at its 20-day moving average, after climbing well above that level in early trade. Fund traders […] Read more

Reading Time: < 1 minute By Phil Franz-Warkentin, MarketsFarm      WINNIPEG, Jan. 6 (MarketsFarm) — ICE Futures canola contracts were higher at midday Tuesday, seeing follow-through strength after Monday’s rally. March canola moved above its 20-day moving average, encouraging additional speculative buying. Fund traders were holding their largest net short position in canola of the past year at 91,500 contracts […] Read more

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained on the rise on Tuesday morning with the March contract hitting the psychological C$620 per tonne level. While Malaysian palm oil was lower, Chicago soyoil and European rapeseed were higher. Crude oil also made gains as the situation between the United States and Venezuela continues. […] Read more