Futures markets

Glacier FarmMedia— The ICE Futures canola market was holding onto small gains Wednesday morning, although activity was choppy. Chicago soyoil was trading to both sides of unchanged in early trade, while soybeans and European rapeseed futures were higher. Malaysian palm oil held near unchanged. Chart-based positioning was a feature. While trendlines remain pointed higher, canola

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures managed to close higher for a third-straight day on Tuesday, after recovering from late session losses. Pressure on the Canadian oilseed came from a correction to the downside in Chicago soyoil following the latter’s upward surge. However, canola found support from gains

By Glen Hallick Glacier Farm Media | MarketsFarm – The rally in canola futures on the Intercontinental Exchange continued late Tuesday morning, with an analyst noting traders are skeptical about rain in the Prairie forecast. “Canola is still a rocket ship,” the analyst said. He added that if the rain does fall over the region

Glacier FarmMedia — The ICE Futures canola market was holding onto small gains Tuesday morning, although activity was choppy as values ran into resistance to the upside. After rallying sharply higher for two straight sessions on the back of shifting biofuel policies out of the United States, canola was thought to be due for a correction

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm –Intercontinental Exchange canola futures were stronger on Monday in very heavy activity. Canola gleaned support from expanded limit up spikes in Chicago soyoil, which are propelled by proposed changes to United States biofuel policies. “It’s a game changer in the long term,” an analyst said. The analyst

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were stronger late Monday morning in heavy trading. There were double-digit gains in new crop canola, while old crop July had modest increases. Support came from spikes in Chicago soyoil and Malaysian palm oil. Chicago soybeans were mostly higher, but soymeal was

Glacier FarmMedia — The ICE Futures canola market was stronger Monday morning, seeing a continuation of Friday’s rally. Chicago soyoil futures gapped higher in overnight activity, accounting for much of the spillover buying interest in canola, as markets remained supported by the latest biofuel policy developments out of the United States. Biofuel blending proposals from

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lifted on Friday due to inflamed hostilities in the Middle East and speculation over biofuel blends in the United States. Israel launched attacks on Iran on Thursday night, targeting the latter’s nuclear program. The heightened tension in the Middle East caused crude oil

Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange gained strength from surging crude oil prices and reports of new biofuel proposals from the United States. Israel launched attacks on Iran on Thursday night, which caused crude oil prices to rise by as much as US$5 per barrel. Earlier today, there were news

By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures erased overnight losses on Friday morning, following vegetable oils to the upside. After Israel attacked on Iranian nuclear facilities, crude oil spiked on Friday, with ample spillover into the veg oils. There were sharp gains in Chicago soybeans and soyoil, along with