ICE canola rally continues Tuesday

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

ICE Canada Morning Comment: Old crop canola pushing higher

Pressure from most comparable oils limiting gains

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



ICE canola continues higher to start new week

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


ICE Canada Morning Comment: Canola getting a good start on Monday

Higher despite pressure from most comparable oils

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




ICE canola posting small gains early Friday

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small gains Friday morning, recovering from overnight losses as the market saw some consolidation after climbing higher for most of this week amid shifting tariff news out of the United States. Chicago soyoil and soybeans were up on the day, while European rapeseed


North American Grain/Oilseed Review: Canola rises, wheat drops

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market extended its rally on Thursday on the strength of vegetable oils and despite pressure from the Canadian dollar. An analyst said the next resistance level for May canola is C$680 per tonne, adding that China needs additional sources for vegetable oil imports. Another analyst said the

ICE Midday: Canola still rising despite trade tensions

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its rallies on Thursday, strengthened by vegetable oils and with the May contract remaining above the 20-, 50- and 100-day averages. An analyst said the next resistance level for May canola is C$680 per tonne, adding that China needs additional sources for vegetable oil imports.