ICE review: Canola strengthens with crude oil

 Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, but off its session highs at the close as profit-taking came forward to weigh on values. The May contract hit a high of C$742.50 per tonne, settling about nine dollars below that at C$733.30 per tonne. The escalating conflict in the Middle East


ICE canola climbing higher at midday Wednesday

Glacier FarmMedia — ICE Futures canola contracts were sharply higher at midday Wednesday, as gains in crude oil and other vegetable oil markets were supportive. The escalating conflict in the Middle East provided the catalyst for much of the activity in the futures, with rising oil prices said to be leading to increased demand for

ICE canola climbs with comparable oils

Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise. Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains. Crude oil advanced more than two U.S. dollars per barrel after vessels in the


CBOT review: Grains down, soybeans up following USDA

SOYBEAN futures at the Chicago Board of Trade were higher on Tuesday, despite losses in crude oil and soyoil. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. The United States Department of Agriculture released updated

ICE review: Canola falls with crude oil after choppy day

The ICE Futures canola market traded within a wide range Tuesday, settling with losses as sharp declines in crude oil weighed on values. Crude oil was pressured by comments from United States President Donald Trump claiming the war in Iran could end soon. Chicago soyoil, European rapeseed and Malaysian palm oil futures were weaker as


ICE canola weakens in choppy trade

WINNIPEG–ICE Futures canola contracts were mostly lower at midday Tuesday, although activity was choppy as market participants remained focused on the ongoing conflict in the Middle East. Crude oil was pressured by comments from United States President Donald Trump claiming the war in Iran could end soon. Chicago soyoil, European rapeseed and Malaysian palm oil

ICE canola up amid mixed sentiment

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Tuesday morning amid mixed sentiment in the comparable oils. Crude oil was lower as the G7 considers releasing up to 400 million barrels from strategic reserves, and on comments from U.S. President Donald Trump that the Middle East war may soon be



ICE review: Canola falls from early climb

The ICE Futures canola market gapped sharply higher in overnight trade, as the escalating Mideast war sent crude oil climbing. However, oil backed off its gains, and canola settled with small losses on Monday. West Texas Intermediate crude oil traded near US$120 per barrel in the April contract amid the escalating Iran war, as traffic