ICE Canada Morning Comment: Canola pushing upwards

Support coming higher comparable oils

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 30 (MarketsFarm) – Intercontinental Exchange canola futures were mostly higher on Thursday morning, with increases in the more heavily traded front months and small declines in the deferred positions. As Chicago soyoil and Malaysian palm oil chalked up gains, European rapeseed was mixed. As well, there were dips in



ICE Midday: Canola takes a step upward

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was slightly higher on Wednesday amid mixed sentiment in comparable oils. European rapeseed was up, but Chicago soyoil and Malaysian palm oil saw declines. Meanwhile, crude oil was virtually unchanged despite an upcoming OPEC+ meeting on supply. The Canadian dollar was down nearly one-tenth of a

ICE Canada Morning Comment: Canola stepping back

Veg oils getting little support from higher crude oil prices

By Glen Hallick, MarketsFarm WINNIPEG, Nov. 29 (MarketsFarm) – Intercontinental Exchange canola futures were slightly lower on Wednesday morning, getting pressure from declines in other vegetable oils. Despite modest increases in global crude oil prices, Chicago soyoil and Malaysian palm oil were to the downside, while European rapeseed was narrowly mixed. An about-face in Chicago



ICE Midday: Canola making strong gains

Glacier FarmMedia MarketsFarm – The ICE Futures canola market rose on Tuesday as it was lifted by most comparable oils. Chicago soyoil gained more than one United States cent per pound. Meanwhile, European rapeseed was also higher and crude oil saw sharp rises on speculation Saudi Arabia is pushing for production cuts. However, Malaysian palm


ICE Canada Morning Comment: Canola building on Monday’s gains

Spillover from Chicago soy complex lends support

By Glen Hallick, MarketsFarm Intercontinental Exchange canola futures continued to be on the rise Tuesday morning, gleaning support from gains in the Chicago soy complex. Upticks in global crude oil prices spilled over into vegetable oils, which saw increases in European rapeseed. However, Malaysian palm oil dipped slightly. Statistics Canada is set to publish its



Learning from the oldies

Learning from the oldies

Expert's Radar: This classic rock song is also a handy reminder of the nature of markets

“What goes up, must come down, spinning wheel gotta go round…” If you had to pay royalties on songs that get stuck in your head, I’d probably need to cut Blood, Sweat and Tears a hefty cheque by now. Following the commodity markets can often feel like riding the painted pony from their 1960s hit. Crude oil West

ICE Midday: Canola rises above C$700 level

WINNIPEG – The ICE Futures canola market is starting the week with positive momentum, supported by vegetable oils. Chicago soyoil and European rapeseed were both on the rise on Monday. However, Malaysian palm oil was down, while crude oil was also lower as traders await a delayed OPEC+ meeting later this week. The Canadian dollar