Markets

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, taking back some of Monday’s gains. The March contract neared major chart resistance on Monday, with speculative positioning behind some of Tuesday’s selling pressure. Losses in Chicago soyoil and continued strength in the Canadian dollar added to the softer tone. European rapeseed and […] Read more

Reading Time: 3 minutes By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Monday, gleaning support from a sharp hike in Chicago soyoil. MATIF rapeseed was mixed and Malaysian palm oil was relatively firm, with both providing little direction to canola. Pressure came from losses in Chicago soybeans and soymeal. Increases in crude oil attempted […] Read more

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange remained higher late Monday morning, getting support from a sharp upswing in Chicago soyoil. Those increases were being limited as Malaysian palm oil was relatively steady, MATIF rapeseed mixed, and there were losses in Chicago soybeans and soymeal. Moderate gains in crude oil […] Read more

Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were stronger Monday morning, nearing major chart resistance. The move above C$660 per tonne in the March contract last week was supportive from a technical standpoint, with chart-based positioning underpinning values to start the week. Gains in Chicago soyoil provided spillover support. However, soybeans were lower while European rapeseed […] Read more