Futures markets

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were being propelled higher mid-session Friday by a surge in crude oil prices. That’s caused the May canola contract to climb well above resistance at C$720 per tonne. The charge in crude oil was also driving up the Chicago soy complex, MATIF rapeseed

     Glacier FarmMedia — ICE canola futures continued their upward climb Friday morning, as the escalating war in the Middle East kept crude oil rising. West Texas Intermediate crude oil gained roughly US$20 per barrel over the past week, or 30 per cent of its value, as the war in Iran spread across the Middle

SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as crude oil prices continued to increase significantly with spillover going into the vegetable oils. The United States Department of Agriculture issued its export sales report, showing old crop soybean sales of 383,500 tonnes for the week ended Feb. 26. Those were towards

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures were stronger on Thursday, as hikes in crude oil pulled the vegetable oil markets higher. As the ongoing conflict in the Middle East propelled the surge in crude oil, there were gains in Chicago soybeans and soyoil, plus MATIF rapeseed and Malaysian palm oil. Meanwhile,

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger late Thursday morning, riding the spillover from sharp gains in crude oil. Crude continued its rally as the Middle East war carried on. That saw increases in MATIF rapeseed and Malaysian palm oil. “The market is starting to understand how (the

     Glacier FarmMedia — ICE canola futures were stronger Thursday morning, hitting their highest levels in seven months. The Iran war kept crude oil values climbing higher on Thursday, with that strength spilling into the vegetable oil markets. Gains in Chicago soyoil, Malaysian palm oil and European rapeseed futures were all contributing to the firmer

SOYBEAN futures at the Chicago Board of Trade eased back on Wednesday, due to market uncertainty being generated by the Middle East war. However, Chicago soyoil climbed higher as crude oil turned narrowly mixed after shedding its earlier losses. Ahead of the weekly export sales report from the United States Department of Agriculture on Thursday,

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed higher on Wednesday, after a bout of choppy trading. Canola increased as Chicago soyoil found traction later in today’s session. However, declines in MATIF rapeseed and Malaysian palm oil capped the upside in the Canadian oilseed. Crude oil was trading steady to lower, after

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were narrowly mixed Wednesday morning in choppy trading. A trader said it’s very hard to get a bead on what’s happening with canola and other commodities as things change “minute to minute and hour by hour” due to the war in the Middle

     Glacier FarmMedia — ICE canola futures were narrowly mixed Wednesday morning, seeing some consolidation after climbing higher earlier in the week. Energy markets were also stabilizing on Wednesday after their initial bullish reaction to the escalating conflict in the Middle East. Chicago soyoil, European rapeseed and Malaysian palm oil futures were mostly lower Wednesday