Futures markets

Glacier FarmMedia — ICE canola futures were weaker Thursday morning, taking back some of Wednesday’s gains. Chart-based positioning was a feature, as canola was starting to look overbought by some technical indicators. Losses in Chicago soyoil also weighed on values, although soybeans were higher. European rapeseed and Malaysian palm oil were narrowly mixed on the

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Wednesday, riding the spillover from sharp increases in Chicago soybeans and soyoil. There was additional support from gains in MATIF rapeseed and Malaysian palm oil. Also, canola continued to benefit from Friday’s Canada-China trade deal and news that China bought 60,000 tonnes

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on late Wednesday morning, gleaning spillover from upswings in Chicago soybeans and soyoil. Additional support came from increases in MATIF rapeseed and Malaysian palm oil. Meanwhile, crude oil was relatively steady, providing little direction to the vegetable oils. The Canada-China trade

Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, finding spillover support from gains in outside markets. The Chicago soy complex, European rapeseed and Malaysian palm oil futures were higher. The reduction of Chinese tariffs on Canadian canola announced last week remained supportive. March canola was trading above most of its major moving averages,

Glacier FarmMedia – The Canadian dollar moved higher on Tuesday as its United States counterpart fell back.          The loonie settled at US$0.7231 or US$1=C$1.3829, compared to US$0.7210 or US$1=C$1.3870 on Monday. The U.S. Dollar Index dropped 0.81 of a point at 98.59.      Nearby crude oil prices were mixed after a fire broke out

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures incurred losses in the old crop contracts on Tuesday, fading from earlier increases. The new crop positions hung on to modest gains. Upticks in Chicago soyoil evaporated as well, closing with small losses as did soybeans. Increases in Malaysian palm oil, MATIF rapeseed, Chicago soymeal

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to push higher on late Tuesday morning. An analyst said the increases are due in part to Friday’s Canada-China trade deal. “I would say it’s a little bit of follow-through,” the analyst said, noting there’s often some new year optimism in the

By Glen Hallick, MarketsFarm Glacier FarmMedia – Intercontinental Exchange canola futures closed mostly higher on Monday, but the March contract dipped lower in choppy trading. Trading volumes were less than normal as the United States markets were closed for Martin Luther King Jr. Day. Support for canola continued to come from Friday’s Canada-China trade deal

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher, but trading had been to both sides of unchanged in thin and choppy activity. United States markets were closed today for Martin Luther King Jr. Day, limiting the volume in canola Increases in Malaysian palm oil were lending support

Glacier FarmMedia — ICE canola futures were stronger Monday morning after moving to both sides of unchanged in overnight activity. The trade deal with China announced Friday and expectations for a resumption of canola exports to the country remained supportive to start the week. Chinese tariffs on Canadian canola seed will drop from 75.8 per