Futures markets

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Friday, taking back some of Thursday’s losses as end user bargain hunting provided support. Chicago soyoil was softer on the day, but the declines there were subdued compared to Thursday’s limit-down move. Tightening old crop supplies remained supportive

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Friday, taking back some of Thursday’s losses amid ideas the selloff was overdone. The old crop July contract was back above C$700 per tonne, which was supportive from a technical standpoint. “Canola is on sale,” said an analyst,

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market made gains on Friday morning, recovering some of Thursday’s losses. Those declines were triggered by uncertainty over biodiesel mandates in the United States. European rapeseed was up, while Chicago soyoil and Malaysian palm oil continued to decline. Just like canola, crude oil was in recovery mode

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower on Thursday, as a heavy selloff in Chicago soybeans and soyoil weighed on values. Soyoil was down its daily limit amid talk that proposed biofuel blending targets submitted by the U.S. Environmental Protection Agency were considerably less than

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Thursday, as the latest biofuel rumours out of the United States sparked a heavy selloff in Chicago soybeans and soyoil. Soyoil was down its daily limit, as talk circulated the market that proposed biofuel blending targets

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took a tumble on Thursday morning as a potential new deal between the United States and Iran brought down crude oil prices. Crude oil fell by nearly US$2 per barrel and its weakness spilled over into vegetable oils. Chicago soyoil lost nearly three U.S. cents per

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed Wednesday, seeing some consolidation after climbing higher on Tuesday. Proposed changes to biofuel policies in the United States remained supportive, but those proposals must still work their way through government approval processes. Speculative profit-taking weighed on the old crop

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was steady to lower at midday Wednesday, with losses in the old crop July contract and a firmer tone in the new crop months. Proposed changes to biofuel policies in the United States sparked Tuesday’s rally that saw canola futures climb to

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market took back some of Tuesday’s gains on Wednesday morning, aided by a stronger Canadian dollar and mixed sentiment in comparable oils. Chicago soyoil was steady, while European rapeseed was lower and Malaysian palm oil was higher. Crude oil was down after a jump in United States

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market climbed to fresh contract highs on Tuesday, underpinned by optimism over proposed changes to biofuel policies in the United States. The amendments to U.S. biofuel policies proposed by the House Ways and Means Committee would see the 45Z biofuel tax credit