Futures

Reading Time: < 1 minute      Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back some of Thursday’s advances as contracts consolidated just under nearby highs. Intermonth spreading remained a feature, with participants rolling out of the March contract and into the May. The May contract settled above its 200-day moving average on Thursday but was back […] Read more

Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures close higher on Thursday but stepped back from exceeding their resistance levels. Resistance for the March and May contacts are seen as being C$670 and C$680 per tonne, respectively. News that China extended its investigation into alleged canola dumping by Canada to March 9, and […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following news on China’s investigation into alleged canola dumping by Canada. The Chinese Ministry of Commerce said on Thursday that it’s extending its probe into the allegations to March 9 and will make a “fair and final ruling” […] Read more

Reading Time: < 1 minute      Glacier FarmMedia — ICE canola futures were firm Thursday morning, finding spillover support from advances in outside markets. The Chicago soy complex was boosted by optimism over improving trade relations between China and the United States. However, large Brazilian crop prospects tempered the upside in beans. European rapeseed futures were also higher, while Malaysian […] Read more

Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Wednesday, getting pressure from losses in Chicago soyoil, MATIF rapeseed and Malaysian palm oil. Increases in crude oil helped to temper further declines in the vegetable oils. A trader said canola turned lower, he continued, because prices were beginning to dissuade purchases […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Wednesday in heavy volumes, correcting off nearby highs. Chart-based positioning was a feature, as the March contract ran into technical resistance at its 200-day moving average around C$667 per tonne on Tuesday. Losses in Chicago soybeans and soyoil accounted for some additional spillover selling […] Read more

Reading Time: < 1 minute      Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, seeing a modest correction off the two-and-a-half month highs hit Tuesday. Chart-based positioning was a feature, as the March contract ran into technical resistance at its 200-day moving average around C$667 per tonne. Losses in Chicago soybeans accounted for some additional spillover selling pressure. […] Read more

Reading Time: 3 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures finished higher on Tuesday, after trading either side of steady for most of the session. Support for canola came from strong gains in the Chicago soy complex, but losses in MATIF rapeseed and Malaysian palm oil limited the upside. Declines in crude oil weighed on […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were trying to overcome earlier losses on Tuesday morning. Canola has been on the rise since January, with the nearby March contract climbing from about C$600 per tonne to more than C$660. An analyst said Canada and China resolving their trade differences has […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, taking back some of Monday’s gains. The March contract neared major chart resistance on Monday, with speculative positioning behind some of Tuesday’s selling pressure. Losses in Chicago soyoil and continued strength in the Canadian dollar added to the softer tone. European rapeseed and […] Read more