Futures markets

Glacier FarmMedia — ICE canola futures were weaker Wednesday morning, taking back Tuesday’s gains with losses in outside markets accounting for some of the spillover selling pressure. Chicago soyoil and European rapeseed futures were lower, although Malaysian palm oil hit three-month highs overnight before running into resistance. Chart-based positioning was a feature, with the November

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday, ending a series of sharp losses. A broker said the recent selloff petered out and the trade was concerned about tight old crop supplies. The trade also continued to be wary about dry conditions across much of the

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher late Tuesday morning, despite losses in the Chicago soy complex. “We sold off hard and there’s still a tight balance sheet,” said a broker. Canola had dropped significantly over the last few sessions. Also, Canada’s canola exports and domestic use

Glacier FarmMedia — ICE canola futures were posting small losses Tuesday morning, retreating from overnight gains as weakness in outside markets weighed on values. Chart-based positioning on ideas Monday’s losses were overdone had provided some support. However, the buying interest subsided as the day session got underway. Relatively favourable Midwestern weather conditions weighed on the

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures resumed their sharp losses on Monday after closing mixed on Friday. The United States markets were back in full swing after the Independence Day long weekend. Heavy pressure from weakness in the Chicago soy complex weighed on canola. Losses in European rapeseed

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were weaker late Monday morning, following outside markets to the downside. “It’s going to be a dismal day,” one analyst said of canola. There were sharp losses in the Chicago soy complex, along with declines in European rapeseed while Malaysian palm oil

Glacier FarmMedia — ICE canola futures were weaker Monday morning, as relatively favourable North American growing conditions and losses in outside markets weighed on values. The Chicago soy complex was posting large losses as activity resumed after last Friday’s Independence Day holiday in the United States. European rapeseed was also lower, although Malaysian palm oil

Canola futures on the Intercontinental Exchange showed little movement on Friday in light trading and a lack of support from comparable oils. European rapeseed was lower but Malaysian palm oil was higher. Crude oil was down due to a planned output hike by OPEC+ in August. Most areas of the Prairies are forecast to be

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were moving upward in the middle of lighter trading on Friday despite a lack of support from comparable oils. European rapeseed was higher while Malaysian palm oil was lower. Crude oil was also in negative territory as the trade weighed in on OPEC+’s planned output

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were slightly higher on Friday morning in quiet holiday trading. Activity will be somewhat muted today as the U.S. markets are closed for Independence Day. Concerns over dry conditions on the Prairies and indications canola could be eligible for United States biofuel