Futures markets

Glacier FarmMedia | MarketsFarm – Canola ended its rally on the Intercontinental Exchange on Thursday as prices encountered resistance. An analyst said canola may have undergone a correction after substantial gains in the previous two sessions. Weaker comparable oils and a stronger Canadian dollar also pressured prices. Chicago soyoil and European rapeseed were lower while

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange halted their rally and suffered double-digit losses in the middle of trading on Thursday. An analyst said canola could be undergoing a correction considering its large net-long position. Weakness in comparable oils and a stronger Canadian dollar also pressured prices. Chicago soyoil and European

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures stepped back on Thursday morning, correcting from recent hikes. While there were declines in Chicago soyoil, the soybeans and soymeal were higher, along with gains in Malaysian palm oil and most European rapeseed contracts. Crude oil was relatively steady, offering little direction

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange didn’t lose any momentum after being closed for Canada Day. They surged on Wednesday following the resumption of trade talks between Canada and the United States. An analyst also mentioned that dry conditions on the Prairies were also supportive, as well as rising prices

Glacier FarmMedia | MarketsFarm – Multiple factors are extending canola’s rally on the Intercontinental Exchange mid-session Wednesday. An analyst said newfound optimism over Canada-United States trade is still underpinning prices, but also spillover from rising comparable oils and dry areas on the Prairies. Chicago soyoil, European rapeseed and Malaysian palm oil were higher to go with

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures continued higher on Wednesday morning, as trading resumed after being closed for Canada Day. Indications from the United States that canola might again be eligible for biofuel tax credits underpinned the oilseed’s increases. Canola was also getting support from gains in Chicago

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange rose to start the week after the resumption of trade negotiations between Canada and the United States was announced. An analyst said canola also found support after testing the 50-day average last week. Dry weather in some parts of the Prairies and speculation over

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were surging in the middle of Monday trading due to optimism over the resumption of trade talks with the United States. This was despite a stronger Canadian dollar and weakness in most comparable oils. An analyst said canola found support after moving down to

Glacier FarmMedia | MarketsFarm — ICE canola futures were stronger Monday morning, taking back most of Friday’s losses with gains in the Chicago soybeans and soyoil providing support. The November contract briefly tested chart support at its 50-day moving average in overnight trade but was well above that level as the day session got underway.

Glacier FarmMedia — The ICE Futures canola market was weaker Friday, retreating from earlier gains as traders adjusted positions ahead of the weekend and reacted to updated acreage and production data from Statistics Canada. StatCan pegged the country’s canola area at 21.46 million acres in a report out Friday morning. That compares with 22.01 million