ICE canola reverses direction

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday morning with mixed sentiment in comparable oils. Agriculture and Agri-Food Canada raised its production estimate for new crop canola by more than two million tonnes at 20.1 million in its monthly report on Thursday. Statistics Canada will release its satellite and model-based

North American Grain and Oilseed Review: Canola swings higher with soy

A positive day for U.S. soy, corn, wheat

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were stronger on Thursday, gleaning ample spillover from sharp increases in Chicago soyoil and soybeans. There was additional support from gains in European rapeseed and Malaysian palm oil. Upticks in crude further underpinned the vegetable oils. The strong session came despite a


ICE Canola Midday: Reclaiming more lost ground

AAFC production hike having little effect

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were stronger on late Thursday morning, as they continued to take back the losses they incurred from China’s tariff on canola seed. Support for canola was coming from sharp gains in Chicago soyoil and soybeans, as well as from upticks in Malaysian palm

ICE canola makes morning gains

Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed strength on Thursday morning, despite a bearish report from Agriculture and Agri-Food Canada and mixed comparable oils. In its monthly report released on Wednesday, AAFC raised its 2025-26 canola production estimate to 20.1 million tonnes compared to 17.8 million the previous month. Statistics Canada will release


North American Grain and Oilseed Review: About-face for canola to correct higher

Positive traction for U.S. soybeans, corn, wheat

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures gained some traction on Wednesday, correcting higher after two sessions of losses. Good weather across the Prairies has continued to weigh on values. An analyst said the rains in August averted what was likely a below average canola crop. The analyst also

ICE Canola Midday: Either side of unchanged

Good weather holding back rally

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were bouncing either side unchanged on Wednesday morning, with a rally quite unlikely said an analyst. The change in weather, away from the dry conditions earlier this summer, has been impacting the futures the analyst said. He forecast the canola harvest to be


ICE canola finds positive momentum

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly higher on Wednesday as comparable oils were mixed. European rapeseed was up, but Chicago soyoil and Malaysian palm oil were down. Crude oil made gains due to a draw in United States stockpiles and uncertainty over peace talks between Russia and Ukraine. Much of the

North American Grain and Oilseed Review: Triple whammy weighs on canola

U.S. soybeans, corn down while wheat mixed

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed lower on Tuesday, due to what an analyst called the “triple whammy” of lower crude oil prices, declines in vegetable oil prices and good United States crop ratings. The analyst also noted the favourable conditions on the Prairies and the lack


ICE Canola Midday: Combination of things pushing prices down

Nothing headline-grabbing says analyst

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures continued lower late Tuesday morning, in what an analyst called the “triple whammy” of lower crude oil prices, declines in vegetable oils and good crop ratings in the United States. There were losses in Chicago soybeans and especially soyoil, while soymeal nudged

ICE canola retreats

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were down in early Tuesday trading, getting little support from comparable oils. However, a weaker loonie supported the oilseed. Chicago soyoil and Malaysian palm oil were lower while European rapeseed was mixed. Crude oil also declined due to the possibility of a summit between Ukraine, the United