Futures markets

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures continued upward on Tuesday morning, as a trader pointed to a lack of farmer selling of the oilseed. “In most years they’re selling canola to pay the bills. This isn’t one of them,” the trader said. “They’re selling wheat and they got a

Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European

U.S. monthly crush, Trump comments propel soy higher By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange advanced on Monday, riding the spillover from sharp gains in the Chicago soy complex. Soy swung higher on an all-time record monthly crush and on comments from United States Donald Trump. On Friday,

Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Monday, hitting their highest levels in two-and-a-half months as a rally in the Chicago soy complex provided spillover support. Chart-based positioning contributed to the gains. Optimism over increased sales of soybeans from the United States to China after comments made by President Donald Trump

Glacier FarmMedia — ICE canola futures were stronger Monday morning, taking back most of Friday’s losses to start the week. The January contract was trading just below two-month highs, facing resistance around C$655 per tonne. Gains in the Chicago soy complex provided spillover support, with talk of increased Chinese purchases of soybeans from the United

Glacier FarmMedia -– Canola futures erased earlier gains to end Friday in the red after declines in United States grains and oilseeds carried over into canola.      An analyst said that if January canola stayed above C$650 per tonne for the entire session, it would build up a “base of resistance”. However, he also warned

Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their rally on Friday. An analyst said if the January contract can stay above C$650 per tonne throughout the entire session, it would begin to establish a “base of resistance”. However, he also believes the contract to be slightly overbought. The Canadian Grain Commission reported

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures dipped Friday morning, moving away from nearby resistance levels. Canola exports continued to lag well behind last year’s pace. The Canadian Grain Commission reported those exports for the week ended Nov. 9 dropped to 121,200 tonnes from the previous week’s 188,400. The year-to-date

Glacier FarmMedia -– Canola futures closed higher on Thursday while support from comparable oils varied.      Chicago soyoil was down, European rapeseed was up and Malaysian palm oil was mixed. Crude oil made small gains to recover a fraction of Wednesday’s losses.      An analyst said that despite recent optimism that Canada and China will

Glacier FarmMedia – ICE canola futures were slightly higher Thursday morning amid mixed sentiment from comparable oils. Chicago soyoil was down, while European rapeseed was up and Malaysian palm oil was mixed. Crude oil made small gains, correcting from Wednesday’s losses. An analyst said despite recent optimism that Canada and China will eventually resolve their