Futures markets

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange shot up on Tuesday morning, as trading resumed after Canada Day. Canola was catching up with strong gains on Monday in Chicago soybeans and especially in soyoil, while soymeal was up modestly. Increases in European rapeseed and sharp hikes in Malaysian

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger on Friday, underpinned by chart-based positioning ahead of the long weekend. Concerns over excessive moisture in parts of the Prairies added to the firmer tone. The ICE canola market will be closed Monday for Canada Day, while grains and oilseeds

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was steady to higher entering the Canada Day weekend. Chicago soyoil was steady, while European rapeseed and Malaysian palm oil were higher. Crude oil also made gains due to Middle East tensions and potential political shifts in some of the largest economies. The United States Department

By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar budged upward on Friday morning, amid a steady United States dollar and crude oil either side of unchanged. As of 8:36 am CDT, the loonie was at US$0.7309 or US$1=C$1.3683 compared to Thursday’s close of US$0.7305 or US$1=C$1.3690. On the U.S. Dollar Index, the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was mostly higher on Thursday, seeing a continuation of Wednesday’s corrective bounce off nearby lows. Statistics Canada released updated acreage estimates pegging 2024/25 canola seedings in the country at 22.0 million acres. That was up from the March projection of 21.4 million

Glacier FarmMedia MarketsFarm – The ICE Futures canola market added onto the previous day’s gains on Thursday despite a bearish acreage report from Statistics Canada (StatCan). StatCan reported in its principal field crop acreage estimates released this morning that Canadian farmers planted 22 million acres of canola this spring, well above trade estimates. Chicago soyoil,

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, with double-digit gains in most of the contracts. An analyst stated the increases were due to a combination of the technical charts, fundamentals, plus weather and crop conditions on the Prairies. He noted that contracts were oversold and

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger at midsession Wednesday, after experiencing a string of losses. An analyst said the turnaround was likely due to the technical charts, fundamentals, along with weather and crop conditions on the Prairies. He noted prices plummeted by at least C$100 per tonne

The ICE Futures canola market attempted to bounce back on Wednesday morning after having double-digit losses on Tuesday. Chicago soyoil and Malaysian palm oil were higher, while European rapeseed was mixed. Crude oil was steady ahead of the release of United States stockpile data later today. The Canadian dollar was down two-tenths of a U.S.

The ICE Futures canola market was sharply lower on Tuesday, breaking below nearby chart support. Bearish technical signals contributed to the declines, with some stops likely hit on the way down as speculators added to their large net short positions. A lack of significant end user demand on the other side added to the weaker