Futures markets

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures extended its rally on Friday to a fourth consecutive session. Prices finished at levels not seen since December 2023. Tightening canola supplies continued to be a major driver in the upswing. The Canadian Grain Commission reported canola exports surpassed 7.50 million tonnes

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Friday morning in an attempt to extend the oilseed’s rally to a fourth session. An analyst suggested the impetus for yesterday’s sharp gains was spillover from a hike in Chicago soyoil. That he said was spurred on by “a growing

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was posting small losses Friday morning, backing away from overnight gains after running into resistance. The nearby July contract traded above the psychological C$700 per tonne level in overnight trade, but failed to hold above that key chart point. Chicago soyoil and Malaysian palm oil were

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to rally on Thursday with the strongest gains in the old crop months. An analyst stated that price rationing in canola is inevitable with Canada’s dwindling supplies. Year-to-date canola exports are poised to surpass the 7.50 million tonnes projected by Agriculture

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Thursday morning. The July contract touched its resistance level of C$690 per tonne earlier in the session but has inched away since then. An analyst said he expects the July contract to climb to C$700/tonne. “As long as we don’t

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market continued its slow rally on Thursday morning, deriving strength from comparable oils. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher. Crude oil was also making gains, influenced by potential trade discussions between the United States and China. The Canadian

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher for a second day on Wednesday. A trader said canola has returned to the highs set in February. That momentum depends on what the Canadian Grain Commission says in its coming weekly and monthly reports, he said. Should canola exports

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were climbing higher by late Wednesday morning, after getting some traction. Trading in the Canadian oilseed was choppy earlier, with prices either side of unchanged. A broker said canola will most likely remain sideways for now. He noted the Canadian Grain Commission will

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was mostly higher Wednesday morning as the July contract approaches its previous resistance level of C$690 per tonne. However, an analyst said canola is likely to trade sideways until planting conditions are more clear. Meanwhile, Chicago soyoil was steady and European rapeseed was down, but

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Tuesday. An analyst said Prairie basis levels for canola have improved recently as a means to get farmers to sell more of the oilseed. However, the analyst said canola is likely to trade sideways until there’s a clearer picture