Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Wednesday, continuing their upward trend of the past four weeks as the market works to ration demand. The most-active July contract was testing psychological resistance at C$680 per tonne, with selling coming forward at the highs. Chicago soyoil and […] Read more
ICE canola uptrend continues, but running into resistance
ICE Canada Morning Comment: Climbing towards resistance
Canada poised to run out of canola
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise on Wednesday morning as a tightening supply situation pushed prices in the nearby contracts towards resistance at C$680 per tonne. At the current rate of exports and domestic use, Canada is poised to run out of canola later this […] Read more
North American grain/oilseed review: Canola continues higher
Reading Time: 2 minutes Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Tuesday, with the largest gains in the nearby contracts as the market worked to ration demand. Weakness in the Canadian dollar was also supportive. Canola was trading at the upper end of its year-long range on a weekly chart, with major resistance […] Read more
ICE canola rally continues Tuesday
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were higher at midday Tuesday, with the largest gains in the old crop contracts as the market works to ration demand. Canola was trading at the upper end of its year-long range on a weekly chart, with major resistance seen at C$680 per […] Read more
ICE Canada Morning Comment: Old crop canola pushing higher
Pressure from most comparable oils limiting gains
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mixed on Tuesday morning with gains in the front months and losses in the new crop positions. The Canadian oilseed continued to be supported by bullish technical signals, with the most traded July contract still well above its moving averages. Also, tightening […] Read more
North American grain/oilseed review: Canola mixed at final bell
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at Monday’s close, with a small loss in the most-active July contract and gains in the new crop months. Weakness in Chicago soyoil accounted for some spillover selling pressure in canola, although bullish technical signals and the need to […] Read more
ICE canola continues higher to start new week
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Monday, seeing a continuation of last week’s rally as tightening supply projections and bullish chart signals underpinned the market. The gains in canola came despite losses in the Chicago soy complex, with Malaysian palm oil also weaker on the […] Read more
ICE Canada Morning Comment: Canola getting a good start on Monday
Higher despite pressure from most comparable oils
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher on Monday morning despite declines in some comparable oils. While there were gains in European rapeseed, there were losses in Malaysian palm oil, Chicago soyoil and soymeal but the soybeans were mixed. Crude oil was on the rise, lending support […] Read more
North American Grain/Oilseed Review: Canola, grains end week positively
Reading Time: 2 minutes Glacier FarmMedia | MarketsFarm — The ICE Futures canola market showed gains on Friday as it capped off a positive week despite inflamed trade war tensions. China raised tariffs on United States goods to 125 per cent on Friday, a day after U.S. President Donald Trump increased levies on Chinese goods to 145 per cent. […] Read more
ICE Midday: Canola prices higher as trade war intensifies
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The ICE Futures canola market showed small gains on Friday morning as it looks to cap off a positive week despite inflamed trade war tensions. Just a day after United States President Donald Trump raised tariffs on Chinese goods to 145 per cent, China retaliated on Friday with 125 per […] Read more