Futures markets

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures are lower on Monday morning, with the most-traded November contract pulling back towards its support level of C$600 per tonne. Pressure came from sharp losses in the Chicago soy complex, along with moderate losses in European rapeseed and Malaysian palm oil. Small upticks

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures couldn’t hang on to gains Friday, following the release of the July supply and demand report from the United States Department of Agriculture. The USDA raised its estimate on Canada’s 2024/25 canola crop to 20.0 million tonnes from 19.6 million in its

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures remained lower at midsession Friday, after resuming its downward trend following a one-day reprieve. A broker commented the markets were in a wait-and-see mode until the United States Department of Agriculture released its July supply and demand estimates today at 11 am CDT.

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding within a narrow range Friday morning, in thin and choppy activity as traders await the release of the United States Department of Agriculture’s monthly supply/demand report out later in the day. Gains in Chicago soyoil provided underlying support to canola,

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Thursday, after three days of sharp losses. A trader chalked up the gains to “routine fluctuations” as there was little else to move prices. He noted that the Prairie heatwave this week permitted crops to catch up in their

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned stronger at midsession Thursday, after three days of sharp losses. “I’m not sure if there’s any big driver today other than routine fluctuations,” a trader surmised about the canola’s turnaround. “[Soyoil] is up but palm oil is not moving very much. It’s

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding onto small gains Thursday morning, seeing a modest correction after dropping lower the previous three sessions. Chart-based positioning and end user bargain hunting underpinned the futures. Gains in Chicago soyoil provided spillover support, with Malaysian palm oil also higher in

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were down by double digits on Wednesday, as the global oilseed selloff continued. A trader said the November contract could soon test the psychological support level of C$600 per tonne. There were moderate to sharp losses in the Chicago soy complex, European