ICE Canada Morning Comment: Canola pushing upward

Old crop supplies continue to dwindle

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Friday morning, as old crop supplies continued to shrink. The Canadian Grain Commission reported cumulative canola exports for 2024/25 reached 7.88 million tonnes, further exceeding the 7.50 million Agriculture and Agri-Food Canada projected for the marketing year. On



ICE canola retreats at midday Thursday

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Thursday, retreating from early gains after running into chart resistance. Confirmation of tightening supplies provided early support. Canadian canola stocks in all positions as of March 31 came in at 5.9 million tonnes, reported Statistics Canada. That was

ICE Canada Morning Comment: Canola stocks down 39 per cent

Adds to the need for price rationing

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following the Statistics Canada grain stocks report. StatCan said total canola stocks as of March 31 were estimated at 5.87 million tonnes, down from 9.58 million a year ago. The latest stocks came within trade expectations.



ICE canola up at midday, but off session highs

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market held onto small gains at midday Wednesday but was trading well off its session highs. The old crop July contract briefly moved above the psychological C$700 per tonne mark before running into resistance. Increased optimism over possible trade talks between the United


ICE Canada Morning Comment: Canola on the rise

StatCan stocks report to be released tomorrow

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange continued to push higher on Wednesday morning, building on gains made in the overnight session. The July contract was testing resistance at the psychological level of C$700 per tonne. It also remained well above its major moving averages, which underpins values.



ICE Canada Morning Comment: Overdue for a correction

Pressure from other veg oils

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower Tuesday morning, with the nearby July contract slipping below C$700 per tonne. There were concerns in the trade that canola was becoming overvalued, and a correction was needed. This is despite shrinking old crop supplies. However, there are also thoughts that