Futures markets

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Friday, due to a mix of farmer selling, improved weather for the United States Midwest, and the likelihood of large harvests this year. Added to that were steep declines in Chicago soybeans and soymeal, as well as European rapeseed.

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard at midsession Friday, in what an analyst believes is a good amount of farmer selling. “It’s running away from us,” the analyst commented. He added the market is also contending with improved confidence in the weather for the United States Midwest

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Friday morning amidst mostly negative sentiment in comparable oils. Chicago soyoil and European rapeseed were down as well as crude oil, which was affected by a draw in United States stockpiles and a sluggish Chinese economy. However, Malaysian palm oil was higher.

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains. Increases in Chicago soybeans and soymeal spurred the rise in canola. Additional support came from upticks in Malaysian palm oil and most European rapeseed contracts, while Chicago soyoil slipped back.

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher at midsession Thursday, catching spillover from gains in Chicago soybeans and soymeal. A trader said soybeans are stronger today because of the increases in soymeal, which was up due to improved demand. As soyoil eased back, there were small upticks in

Glacier FarmMedia MarketsFarm – The ICE Futures canola market declined on Thursday morning, following weakness in most comparable oils. Chicago soyoil and European rapeseed were lower to start the day, while crude oil also took a step back due to economic concerns in China. However, Malaysian palm oil was higher. The Canadian dollar was down two-tenths

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower on Wednesday, with the only gain coming in the deferred July position. A trader said canola was due for a correction after spec fund short covering along with a good amount of farmer selling. He noted that farmers were

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower at midsession Wednesday, with an overdue correction according to a trader. He said the farmers have been very good sellers of canola lately and the speculative funds were covering their short positions. However, outside the market influences were pressuring the

Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally. –  The Bank of Canada (BoC) cut its key interest rate by 25 basis points on Wednesday to 4.50 per cent. This is the BoC’s second consecutive rate cut. The central bank said Canadian economic growth

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Wednesday morning due to a lack of support from comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all lower to start the day. However, crude oil made gains after a drawdown in United States stockpiles. The Canadian dollar