ICE Canola Midday: Stronger veg oils lending support

'We got overextended to the downside' says analyst

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Friday morning, boosted by strong gains in Chicago soyoil, Malaysian palm oil and European rapeseed. Additional support came from increases in Chicago soybeans, but soymeal was lower. Slight upticks in crude oil spilled over into to the vegetable oils. “We

ICE canola continues higher Friday morning

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, seeing a continuation of Thursday’s corrective bounce. Gains in Chicago soyoil as activity resumed in the United States for a holiday-shortened session were also supportive. U.S. markets were closed for Thanksgiving on Thursday, with many participants keeping


North American Grain and Oilseed Review: Canola takes opportunity to increase

USDA export sales report out Friday

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday amid lighter activity. Support for canola came from gains in European rapeseed and Malaysian palm oil. Slight upticks in crude oil lent some spillover to the vegetable oils. Thursday’s increases in canola were tempered by the ongoing threat

ICE Canola Midday: Taking back some lost ground

U.S. markets closed for Thanksgiving

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger by late Thursday morning, attempting to recover from sharp losses this week generated by the threat of tariffs made by the incoming Trump administration. An analyst stressed the “need to keep calm” in front of United States President-elect Donald Trump. He


ICE canola narrowly mixed in thin holiday volumes

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was holding near unchanged Thursday morning in thin and choppy activity with markets in the United States closed for Thanksgiving. U.S. markets will only open for reduced hours on Friday, and the lack of direction from the soy complex had the canola

North American Grain and Oilseed Review: Questions about Trump’s policies hit canola hard

U.S. soybeans up as grains steady to lower

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures added more losses on Wednesday as the threat of tariffs continued to weigh on values. Also, concerns have arisen in the United States biofuel industry as to whether the incoming Trump administration will maintain the industry’s tax credit program. Should the credit


ICE Canola Midday: Questions over tariffs, biofuels creates ‘complicated mess’

Pressure from weaker soyoil, palm oil

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to push lower late Wednesday morning, as the threat of Donald Trump’s tariffs plans were still being felt in the market. On Monday, United States President-elect Trump said he would slap 25 per cent tariffs on Canadian and Mexican goods imported into

ICE canola continues lower amid trade uncertainty

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Wednesday morning, as participants remained uncertain over what tariffs on Canadian imports proposed by United States President-elect Donald Trump will mean for trade flows. The U.S. accounts for over 90 per cent of Canada’s canola oil exports. Losses in Chicago


North American Grain and Oilseed Review: Canola takes a hit

U.S. grains, oilseeds mixed at the close

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed weaker on Tuesday in very heavy volumes of trade but stepped away from larger losses earlier in the session. United States President-elect Donald Trump stated Monday that he will impose 25 per cent tariffs on goods imported from Canada and Mexico

ICE Canola Midday: ‘A knee-jerk, bearish reaction’ says analyst  

Trump threatens 25 per cent tariffs

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were weaker late Tuesday morning, pulled lower by the threat of a 25 per cent tariff on Canadian and Mexican goods imported into the United States. President-elect Donald Trump stated on social media he will impose the tariff hike when he’s sworn in