Futures markets

Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto its recovery from Wednesday, finding some strength from vegetable oils. European rapeseed and Malaysian palm oil showed strong gains while Chicago soyoil was slightly higher. Crude oil was also up in the middle of trading. Cooler temperatures continued in the Prairies with warmer weather

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger Thursday morning, seeing some follow-through buying interest after Wednesday’s corrective bounce off nearby lows. The November contract was trading just above C$600.00 per tonne in early trade, running into some resistance around that psychological resistance point. Persistent dryness concerns in

Glacier FarmMedia MarketsFarm– The ICE Futures canola market corrected itself on Wednesday as strength in vegetable oils spilled over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Temperatures across the Prairies were cooler this week before

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was correcting itself in the middle of trading on Wednesday as strength in vegetable oils were spilling over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Cooler temperatures

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after dropping sharply lower on Tuesday. Advances in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil all moving higher. Persistent dryness concerns in parts of Western

The ICE Futures canola market fell sharply coming out of the August long weekend as heavy losses in equity markets on Monday spilled over into vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red on Tuesday. However, crude oil was making small gains. At mid-afternoon, the Canadian dollar was

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower Tuesday morning as activity resumed after Monday’s Canadian holiday. The November contract fell below the psychological C$600 per tonne level, bringing in additional speculative selling. Losses in Chicago soyoil accounted for some spillover selling pressure, with European rapeseed and

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market stronger on Friday, recovering off nearby lows to end the week. Gains in Chicago soybeans provided some spillover support, although soyoil remained pointed lower. Concerns over declining yield prospects in parts of Western Canada, given recent heat and dryness, were also supportive. However,

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains at midday Friday, seeing a modest correction after dropping sharply lower earlier in the week. Gains in Chicago soybeans provided some spillover support, although soyoil remained pointed lower. Concerns over declining yield prospects in Alberta, given recent heat and