Futures markets

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midday Thursday, having turned around after successive days of losses. A trader explained canola “got hammered” in a long liquidation that has now run its course and the oilseed looked to be oversold. “It is, however, lagging the soy

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting solid gains Thursday morning, seeing a correction after dropping for the previous six sessions. The January contract hit a fresh six-month low of C$645.80 per tonne in overnight activity before uncovering support to climb C$20 per tonne off that level.

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 6 (MarketsFarm) – Intercontinental Exchange canola futures were down hard again on Wednesday, as the selloff in the oilseed continued. An analyst said the funds and farmers are selling their canola, due to Statistics Canada raising this year’s canola production by 900,000 tonnes at 18.3 million. The analyst added

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures weaker at midday Wednesday due to selloffs by the funds and farmers, according to an analyst. Statistics Canada’s 900,00-tonne upward revision to the country’s canola crop on Monday remained a bearish feature overhanging the market, according to the analyst. He added that

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was weaker Wednesday morning, hitting fresh six-month lows as bearish technical signals had speculators adding to their large short positions. Losses in Chicago soyoil futures contributed to the softer tone in canola, with European rapeseed and Malaysian palm oil also weaker on

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange canola futures were weaker on Tuesday, as increased production and a lack of support from comparable oils weighed on values. Statistics Canada announced on Monday that canola production rose from 17.4 million tonnes in September to now 18.3 million. Also, canola output is higher

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 5 (MarketsFarm) – Intercontinental Exchange canola futures were lower at mid-morning Tuesday, as increased production numbers for Canada and Australia weighed on values for a second day. Statistics Canada raised its canola output number for 2023/24 from 17.4 million tonnes to now 18.3 million. Meanwhile, the Australian Bureau of

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market bounced around both sides of unchanged Tuesday morning, although the bias turned higher in choppy trade. Losses in Chicago soyoil and Malaysian palm oil futures accounted for some spillover selling pressure in the Canadian oilseed. However, soyoil moved off its lows and