Futures markets

Glacier FarmMedia – Canola futures on the Intercontinental Exchange resumed its downturn in early Monday trading, with the March contract C$30 per tonne below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was also down slightly as oversupply fears outweighed tensions between

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures finished weaker on Friday, pulled down by losses in comparable oils as well as profit-taking. There were sharp declines in Chicago soybeans and soyoil, while soymeal edged up a little. Losses in MATIF rapeseed and Malaysian palm oil added to canola’s downturn. Crude

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower mid-morning Friday, due to losses in outside markets and from profit-taking said a trader. The trader said the vegetable oils were the biggest influence on canola, with declines in Chicago soy, MATIF rapeseed and Malaysian palm oil. Crude oil

Glacier FarmMedia — ICE canola futures were weaker Friday morning, taking back most of Thursday’s gains. Soybean and soyoil futures in Chicago were down in early activity, accounting for some spillover selling pressure in canola. European rapeseed and Malaysian palm oil were also lower. Canada exported 289,200 tonnes of canola during the week ended Dec.

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures climbed higher on Thursday as traders look to exit the January contract. Increases in Chicago soybeans and soymeal as well as those in MATIF rapeseed supported prices, but declines in Chicago soyoil and Malaysian palm oil tempered the upside. Losses in crude oil

By Glen Hallick Glacier FarmMedia | MarketsFarm – There were small gains in canola on the Intercontinental Exchange mid-morning Thursday, as the Christmas lull takes greater hold over trading, an analyst said. The analyst said the only two factors that could spark major movement would pertain to geopolitics or the weather. Slight increases in Chicago

Glacier FarmMedia — ICE canola futures were narrowly mixed Thursday morning, consolidating in a narrow range after moving higher in overnight trade. Chart-based positioning was a feature amid ideas the market was looking oversold. End-user bargain hunting was supportive, with wide crush margins thought to be encouraging demand from domestic processors. However, ongoing lack of

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings. Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell

By Glen Hallick Glacier FarmMedia | MarketsFarm – There were losses in canola on the Intercontinental Exchange mid-morning Wednesday, in what a trader called a “tough market to trade.” The trader said it’s very difficult right now to get a good idea as to where canola prices are heading day-to-day. “It gets to $625 (per

Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing follow-through buying interest after Tuesday’s correction off nearby lows. Oversold price signals on the charts contributed to the gains, with end user bargain hunting also thought to be supportive. Improving cash basis levels in the countryside suggest steady commercial buying in the face of