Futures markets

Glacier FarmMedia | MarketsFarm – The July contract on the ICE Futures canola futures reached its highest level on Friday due to tightening old crop supplies. The Canadian Grain Commission reported that 170,400 tonnes of canola were exported during the week ended April 27, more than the 140,500 tonnes from the previous week. So far

Glacier FarmMedia | MarketsFarm – The July canola contract in the ICE Futures broke through to the upside on Friday at a much higher level than new crop contracts. The Canadian Grain Commission reported that canola exports for the week ended April 27 totaled 170,800 tonnes. So far this marketing year, 7.694 million tonnes were

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly higher Friday morning, with solid gains in the old crop July contract while the new crop months held closer to unchanged. Tightening supplies and the need to ration demand accounted for some of the buying interest in the front month, with chart-based positioning

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger on Thursday, as gains in Chicago soyoil and weakness in the Canadian dollar provided support. The July contract briefly traded above C$700 per tonne but ran into resistance and backed off its highs by the close. A rally in Chicago soyoil provided spillover support,

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — ICE Futures canola contracts were mixed at midday Thursday, with losses in the nearby July contract and a firmer tone in the more deferred positions. Gains in Chicago soyoil and weakness in the Canadian dollar provided support, as crush margins showed some improvement. Tightening old crop supplies

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was mostly stronger Thursday morning, recovering from overnight losses as a turn higher in Chicago soyoil provided support. Soybeans were also firm, while European rapeseed and Malaysian palm oil markets were closed for May 1 holidays after posting losses yesterday. Tightening old crop supplies and

The July contract on the ICE canola futures was higher on Wednesday, while new crop positions were slightly lower with a downturn in comparable oils. Canola is “still undervalued a little bit,” an analyst commented, noting there’s the possibility for a counter-rally or a “dead cat bounce.” However, another analyst said he doesn’t expect any

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was higher in the July contract while other contracts dropped. An analyst said canola is still considered to be undervalued and there is the possibility of a counter-rally or a “dead cat bounce.” However, another said he doesn’t expect any breakout on the upside. Chicago soyoil,

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Wednesday morning, seeing some follow-through selling. Values continued to back away from nearby highs amid ideas the futures had become overbought. Losses in the Chicago soy complex added to the softer tone in canola. European rapeseed and Malaysian palm oil were also lower.

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market suffered losses from negative sentiment in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were down, while crude oil lost more than US$1 per barrel due to concerns over a potential trade war and weakening demand. An analyst said technical signals on Monday