Reading Time: 3 minutes Glacier FarmMedia -– Canola futures on the Intercontinental Exchange were lower in Monday trading amidst mixed sentiment in comparable oils. However, the January contract remained above its 20-day average. Chicago soyoil was up, while European rapeseed and Malaysian palm oil were down. Crude oil was higher due to tensions between the United States and […] Read more
North American Grain/Oilseed Review: Canola, grains move downward
ICE Midday: Canola starts week in the red
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower in the middle of Monday trading, with the January contract trading below its 20-day average, amidst mixed sentiment in comparable oils. Chicago soyoil was slightly higher, while European rapeseed and Malaysian palm oil were down. Crude oil gained US$1 per barrel due to tensions […] Read more
ICE Canada Morning Comment: Stepping back with other veg oils
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola was lower on Monday morning, along with the other vegetable oils. The Chicago soy complex, MATIF rapeseed and Malaysian palm oil were down modestly, while higher crude oil offered support. Statistics Canada is scheduled to release its production report on Thursday. Trade expectations have […] Read more
North American Grain and Oilseed Review: Canola finishes in with dip
U.S. soybeans, corn higher, as wheat slips back
Reading Time: 3 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed steady to lower on Friday, unable to hang on to gains in the last minutes of trading. It was a similar circumstance with MATIF rapeseed which was also steady to lower. Small losses in crude oil applied additional pressure on the vegetable […] Read more
ICE Canola Midday: Prices nudging higher
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher mid-morning Friday, gleaning support from gains in the Chicago soy complex, Malaysian palm oil and MATIF rapeseed. Although global crude oil was mixed, increases in West Texas Intermediate were spilling over into the vegetable oils. With the reduced trading hours today […] Read more
ICE canola mostly higher heading into the weekend
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Friday morning. The Canadian Grain Commission reported 99,500 tonnes of canola were exported during the week ended Nov. 23, compared to 284,600 the previous week. So far this marketing year, 1.928 million tonnes were shipped compared to 3.695 million at this time […] Read more
North American grain/oilseed review: Canola lower at final bell
Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market eased off earlier gains to settle with small losses on Thursday. Activity was thin and choppy, with markets in the United States closed for Thanksgiving. The January contract managed to hold above C$650 per tonne, which was supportive from a chart standpoint. Statistics Canada will release updated […] Read more
ICE canola firm midday Thursday in quiet trade
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were holding onto small gains midday Thursday in thin and choppy trade. Markets in the United States were closed for Thanksgiving and will only open for reduced hours on Friday. Many canola traders were also keeping to the sidelines. European rapeseed and Malaysian palm oil futures were higher […] Read more
ICE canola eases off
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning despite strength from comparable oils. European rapeseed and Malaysian palm oil were higher, while crude oil was up slightly as Russia-Ukraine ceasefire talks outweighed rising United States supplies. Chicago soyoil was not traded due to the U.S. Thanksgiving day holiday. All […] Read more
North American grain/oilseed review: Canola follows soy higher
Reading Time: 2 minutes The ICE Futures canola market was stronger on Wednesday, with chart-based positioning and spillover from advances in the Chicago soybeans and soyoil providing support. A move above C$650 per tonne in the January contract was constructive from a chart standpoint, with nearby trendlines pointing higher, according to an analyst. A lack of significant export demand […] Read more