Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remain in negative territory Wednesday morning, following weakness in vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil are in the red. Crude oil is making its way higher as the Israel-Iran ceasefire remains in place. The Canadian dollar is down more than […] Read more
ICE canola still in the red
North American grain/oilseed review: Ceasefire weighs on canola futures
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil, weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day. Chart-based selling contributed to the […] Read more
ICE canola continues lower Tuesday
Reading Time: < 1 minute By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was weaker at midday Tuesday, seeing a continuation of Monday’s selloff as a tentative ceasefire between Israel and Iran, and the resulting losses in crude oil weighed on agricultural markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all down on the day, […] Read more
ICE canola’s downturn continues
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures were lower on Tuesday, following comparable oils to the downside. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was down by more than US$3 Tuesday morning, after losing US$5 per barrel on Monday. The Canadian dollar was up nearly one-quarter of a U.S. cent […] Read more
North American grain/oilseed review: Canola drops Monday
Reading Time: 2 minutes By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Monday, as losses in Chicago soybeans and soyoil spilled over to weigh on values. Airstrikes on Iran by the United States over the weekend led to wide price swings in crude oil, with eventual weakness in the energy […] Read more
ICE canola starts week in negative territory
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange opened the week slightly lower despite a weaker Canadian dollar and higher crude oil prices. Crude surged over the weekend due to the United States attack on Iran. However, rains on the Prairies over the weekend put pressure on prices. Chicago soyoil and Malaysian […] Read more
North American Grain and Oilseed Review: Canola can’t hang on to increases
Losses all around in Chicago
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned slightly lower on Friday, giving up their gains from earlier in the session. Pressure on canola came from declines in the Chicago soy complex after it struggled as well to maintain increases. However, support was derived from upticks in Malaysian palm […] Read more
ICE Canola Midday: Pushing higher
Gains from tight supplies, dry conditions
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Friday morning, as the Prairie weather forecast and tight old crop supplies provided support. An analyst said there’s a risk premium in canola due to dry conditions over much of the region, while there’s skepticism over the weekend forecast. […] Read more
ICE canola rising Friday morning
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm — ICE canola futures were stronger Friday morning, touching fresh highs as Chicago soyoil resumed its uptrend after yesterday’s Juneteenth holiday in the United States. Tight old crop supplies and weather uncertainty for the new crop remained supportive. European rapeseed and Malaysian palm oil were both higher on the day. Weekly […] Read more
North American Grain and Oilseed Review: Canola swings higher
U.S. markets closed for Juneteenth
Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned around to close higher on Thursday, amid lighter than usual activity. Trading volumes were lower today as the United States grain markets were closed for the Juneteenth holiday. Canola received support from upticks in European rapeseed and Malaysian palm oil. Increases […] Read more