Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a tumble on Thursday morning as a potential new deal between the United States and Iran brought down crude oil prices. Crude oil fell by nearly US$2 per barrel and its weakness spilled over into vegetable oils. Chicago soyoil lost nearly three U.S. cents per […] Read more
ICE canola weakens under crude oil pressure
North American grain/oilseed review: Canola mixed Wednesday
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed Wednesday, seeing some consolidation after climbing higher on Tuesday. Proposed changes to biofuel policies in the United States remained supportive, but those proposals must still work their way through government approval processes. Speculative profit-taking weighed on the old crop […] Read more
ICE canola mixed at midday Wednesday
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was steady to lower at midday Wednesday, with losses in the old crop July contract and a firmer tone in the new crop months. Proposed changes to biofuel policies in the United States sparked Tuesday’s rally that saw canola futures climb to […] Read more
ICE canola in negative territory
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took back some of Tuesday’s gains on Wednesday morning, aided by a stronger Canadian dollar and mixed sentiment in comparable oils. Chicago soyoil was steady, while European rapeseed was lower and Malaysian palm oil was higher. Crude oil was down after a jump in United States […] Read more
North American grain/oilseed review: Canola climbs on U.S. biofuel optimism
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market climbed to fresh contract highs on Tuesday, underpinned by optimism over proposed changes to biofuel policies in the United States. The amendments to U.S. biofuel policies proposed by the House Ways and Means Committee would see the 45Z biofuel tax credit […] Read more
ICE canola rising at midday Tuesday
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was higher at midday Tuesday, with the largest gains in the new crop months. Advances in Chicago soyoil provided spillover support, with European rapeseed and Malaysian palm oil also up on the day. Soybeans were weaker at midday, but they were off their session lows. […] Read more
ICE canola climbs higher
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market moved higher on Tuesday morning, following the lead of comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were in positive territory, while crude oil also continued its upward momentum from Monday. The United States and China announced on Monday that the two countries […] Read more
North American grain/oilseed review: Canola mixed, old/new crop spread narrows
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed on Monday, as the old/new crop spread narrowed. A temporary pause on most tariffs between China and the United States lent early support to the soy complex with some of that buying spilling into the canola market. Tighter-than-expected soybean […] Read more
ICE canola mixed at midday Monday
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at midday Monday, with losses in the old crop July contract and gains in the deferred months. A rally in the Chicago soy complex provided spillover support, as China and the United States reached a tentative trade truce and tariff […] Read more
ICE canola prolongs rally
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rally on Monday morning as tight supplies and a strong export demand provided support for the oilseed. Chicago soyoil and European rapeseed were also higher, while Malaysian palm oil did not trade due to a holiday. Crude oil was up around US$2 per […] Read more