Markets

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains with losses in outside markets accounting for some of the spillover selling pressure. Chicago soyoil and European rapeseed futures were lower, although Malaysian palm oil hit three-month highs overnight before running into resistance. Chart-based positioning was a feature, with the November […] Read more

Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday, ending a series of sharp losses. A broker said the recent selloff petered out and the trade was concerned about tight old crop supplies. The trade also continued to be wary about dry conditions across much of the […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Tuesday morning, despite losses in the Chicago soy complex. “We sold off hard and there’s still a tight balance sheet,” said a broker. Canola had dropped significantly over the last few sessions. Also, Canada’s canola exports and domestic use […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the […] Read more