Futures

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Friday morning with mixed comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were weaker. Meanwhile, crude oil was higher amid tensions between the United States and Iran. The Canadian Grain Commission reported on Thursday that 241,100 tonnes of canola were […] Read more

Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market was weaker on Thursday, backing away from nearby highs after running into resistance. The March contract touched fresh seven-week highs in overnight trade but was unable to hold onto those gains. The settlement below C$650 per tonne was bearish from a chart standpoint, said an analyst. Chicago […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Thursday, backing away from overnight gains. The March contract touched fresh seven-week highs in overnight trade but dipped below unchanged as the North American day session progressed. The return below C$650 per tonne was bearish from a technical standpoint, said an analyst. Chicago soyoil […] Read more

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Thursday morning, receiving plenty of support. Crude oil was on the rise after a United States aircraft carrier was sent to the Middle East amid increased tensions between the U.S. and Iran. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher. […] Read more

Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, finding spillover support from gains in Chicago soybeans. Speculative short covering was a feature, with the settlement above C$650 per tonne in the March contract seen as constructive from a technical standpoint. Gains in European rapeseed and Malaysian palm oil provided additional support, […] Read more

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rally, fuelled by comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil made gains to start the day. Meanwhile, crude oil was also higher due to the weaker U.S. dollar, the arrival of U.S. warships to the Middle East and continued disruptions at […] Read more

Reading Time: 2 minutes      Glacier FarmMedia — The ICE Futures canola market closed narrowly mixed on Tuesday, as spillover support from gains in Chicago soyoil was countered by the bearish influence of the rising Canadian dollar. Soyoil futures settled at their highest levels in five months, with soybeans also up on the day. European rapeseed and Malaysian palm […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were holding onto small gains at midday Tuesday, but well off their session highs. Gains in the Chicago soy complex provided spillover support for the Canadian oilseed. Malaysian palm oil was also higher in overnight trade, while European rapeseed traded narrowly mixed. Chinese importers have bought up to […] Read more

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange found their way back to positive territory on Tuesday morning after retreating on Monday. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to start the day. Crude oil also made gains after a severe winter storm last weekend disrupted oil output in the United […] Read more

Reading Time: 2 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed lower on Monday, as the multi-day rally likely ran out of steam, said an analyst. The analyst said the technicals largely propelled the rally with the funds taking it as far as they could. Also, the increases were to entice reluctant farmers to sell […] Read more