Futures markets

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued on the upswing Thursday morning as the old crop contracts hover over either side of their resistance levels. With exports and domestic use of canola ahead of last year’s pace, tightening supplies will ration demand. However, there are thoughts in the trade

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Wednesday, nearing major chart resistance. The July contract managed to settle above C$680 per tonne, with the next upside target at the February high of C$687.60 per tonne. Gains in the Chicago soy complex and European rapeseed futures

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Wednesday, continuing their upward trend of the past four weeks as the market works to ration demand. The most-active July contract was testing psychological resistance at C$680 per tonne, with selling coming forward at the highs. Chicago soyoil and

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were on the rise on Wednesday morning as a tightening supply situation pushed prices in the nearby contracts towards resistance at C$680 per tonne. At the current rate of exports and domestic use, Canada is poised to run out of canola later this

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Tuesday, with the largest gains in the nearby contracts as the market worked to ration demand. Weakness in the Canadian dollar was also supportive. Canola was trading at the upper end of its year-long range on a weekly chart, with major resistance

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were higher at midday Tuesday, with the largest gains in the old crop contracts as the market works to ration demand. Canola was trading at the upper end of its year-long range on a weekly chart, with major resistance seen at C$680 per

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mixed on Tuesday morning with gains in the front months and losses in the new crop positions. The Canadian oilseed continued to be supported by bullish technical signals, with the most traded July contract still well above its moving averages. Also, tightening

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at Monday’s close, with a small loss in the most-active July contract and gains in the new crop months. Weakness in Chicago soyoil accounted for some spillover selling pressure in canola, although bullish technical signals and the need to

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Monday, seeing a continuation of last week’s rally as tightening supply projections and bullish chart signals underpinned the market. The gains in canola came despite losses in the Chicago soy complex, with Malaysian palm oil also weaker on the

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher on Monday morning despite declines in some comparable oils. While there were gains in European rapeseed, there were losses in Malaysian palm oil, Chicago soyoil and soymeal but the soybeans were mixed. Crude oil was on the rise, lending support