Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, getting spillover from gains in the comparable oils. The Chicago soy complex was on the rise, along with European rapeseed. They were underpinned by increases in crude oil. With a holiday in Malaysia, the palm oil […] Read more
ICE Canola Midday: Climbing higher with comparable oils
ICE canola climbing higher Tuesday morning
Reading Time: < 1 minute Glacier FarmMedia — The ICE canola market was posting solid gains Tuesday morning, finding spillover support from advances in Chicago soyoil. Optimism over looming trade talks between China and the United States accounted for some of the strength in the soy complex. However, Canadian canola continues to face stiff Chinese tariffs. November canola moved back […] Read more
North American Grain and Oilseed Review: Too much pressure on canola
Reading Time: 2 minutes U.S. soybeans, corn lower as wheat mixed By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures pulled back on Monday, due to an advancing Prairie harvest, lacklustre exports and pressure from outside markets. Alberta reported on Friday that its canola harvest was 13 per cent complete. Rain has been forecast for southern […] Read more
ICE Canola Midday: Losses getting sharper
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Declines in canola futures on the Intercontinental Exchange expanded late Monday morning, as the lack of support from other vegetable oils weighed on values. The Chicago soy complex was steady to lower and European rapeseed was down. The Malaysian palm oil market was closed for a holiday. […] Read more
ICE canola edges down to start week
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
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