Futures markets

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

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at midsession Wednesday, largely due to a sell-off in oilseeds. “There’s no really big news, it’s just sell, sell, sell,” an analyst commented. Canola was feeling pressure from losses in European rapeseed and Malaysian palm oil. There were also declines

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small losses Wednesday morning, seeing a continuation of the chart-based selling pressure that weighed on values earlier in the week. While chart-based positioning and ideas the recent losses were overdone had provided some support overnight, the path of least resistance

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Tuesday, forced to follow another day of sharp declines in the Chicago soy complex. Canola also felt the pressure from sizeable pullbacks in European rapeseed and Malaysian palm oil. Losses in crude oil added to the slide in oilseeds.

Intercontinental Exchange canola futures continued to pull back at midsession Tuesday, adding to yesterday’s sharp declines. Pressure on canola was coming from steep losses in Chicago soyoil, as well as soybeans and soymeal, a trader noted. He said canola has been holding up pretty well compared to soyoil, but the latter has dropped so much

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Tuesday morning, seeing some follow-through selling after backing away from one-month highs on Monday. Spillover from losses in outside markets – including Chicago soyoil, European rapeseed and Malaysian palm oil – contributed to the declines in canola. The most-active November contract

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Monday, consolidating after a strong rally last week. An analyst pointed out the coming hot temperatures across the Prairies this week will put stress on flowering canola and that might see an upward climb in the oilseed’s prices. Pressure

Intercontinental Exchange canola futures were moving lower at midsession Monday, after running into resistance during the overnight session. “We had a really nice rally in canola and now we’re consolidating again,” an analyst commented. However, with Prairie temperatures forecast to exceed 30 degrees Celsius this week, the analyst noted that should be somewhat supportive. “Flowering

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Monday morning, retreating from overnight gains as losses in outside markets and chart-based positioning weighed on prices. The November contract briefly traded above its 200-day moving average around C$661 per tonne in overnight activity before running into resistance. Losses in