Futures markets

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

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.

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market posted solid gains at Wednesday’s close after trading within a wide range. Tightening supplies and the need to ration demand accounted for some of the buying interest. Statistics Canada is set to release updated stocks data on Thursday. Canola stocks as

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

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.

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker on Tuesday after trading to both sides of unchanged in choppy activity. Chart-based speculative selling contributed to the declines as the nearby July contract fell below the psychological C$700 per tonne level. However, the new crop contracts lagged to

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

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mixed at Monday’s close, with losses in the most active nearby contracts and a firmer tone in the more deferred positions. Overbought price sentiment contributed to the eventual downturn in the old crop July contract, with losses in outside markets also weighing on values.

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were stronger at midday Thursday, hitting fresh 18-month highs as the market continued to work to ration demand. Chart-based positioning contributed to the gains, although values were nearing overbought levels. Losses in Chicago soybeans and soyoil put some pressure on the Canadian

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly higher Monday morning, with the largest increase in the nearby July contract. Tightening canola supplies in Canada and the need to ration demand continued to underpin old crop values, with the July contract remaining handily above its major moving averages. Declines