Futures

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures climbed higher on Thursday as traders look to exit the January contract. Increases in Chicago soybeans and soymeal as well as those in MATIF rapeseed supported prices, but declines in Chicago soyoil and Malaysian palm oil tempered the upside. Losses in crude oil […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were small gains in canola on the Intercontinental Exchange mid-morning Thursday, as the Christmas lull takes greater hold over trading, an analyst said. The analyst said the only two factors that could spark major movement would pertain to geopolitics or the weather. Slight increases in Chicago […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were narrowly mixed Thursday morning, consolidating in a narrow range after moving higher in overnight trade. Chart-based positioning was a feature amid ideas the market was looking oversold. End-user bargain hunting was supportive, with wide crush margins thought to be encouraging demand from domestic processors. However, ongoing lack of […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings. Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were losses in canola on the Intercontinental Exchange mid-morning Wednesday, in what a trader called a “tough market to trade.” The trader said it’s very difficult right now to get a good idea as to where canola prices are heading day-to-day. “It gets to $625 (per […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing follow-through buying interest after Tuesday’s correction off nearby lows. Oversold price signals on the charts contributed to the gains, with end user bargain hunting also thought to be supportive. Improving cash basis levels in the countryside suggest steady commercial buying in the face of […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found strength on Tuesday, turning around after a series of losses over the last week. Bargain hunting helped to push canola higher, despite pressure from losses in the Chicago soy complex, MATIF rapeseed and crude oil. Malaysian palm oil was relatively steady. The […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – There were gains in canola on the Intercontinental Exchange mid-morning Tuesday, but they came away from session highs in choppy activity. A trader said there was talk of possible canola sales, but he wasn’t sure of the quantity or the destination. He also said there’s trendline support […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were holding onto small gains Tuesday morning, seeing a modest correction after hitting its weakest levels in two months on Monday. • Oversold price sentiment, end user bargain hunting and a lack of significant farmer selling pressure were supportive. • The United States Department of Agriculture will release its […] Read more

Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Monday, due to record production, a lack of exports and declines in comparable oils. Last week, Statistics Canada estimated the country’s canola harvest at 21.80 million tonnes. One analyst suggested StatCan could increase their estimate come summer. With China absent […] Read more