ICE Midday: Canola taking a Tuesday tumble

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market sustained heavy losses on Tuesday from largely negative sentiment in comparable oils. Chicago soyoil and European rapeseed 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

ICE canola continues lower Tuesday morning

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker Tuesday morning, seeing a continuation of Monday’s correction off nearby highs with speculative positioning a feature. Losses in Chicago soybeans and soyoil accounted for some spillover selling pressure, with European rapeseed and Malaysian palm oil also lower on the day.



ICE Midday: Canola lower on Election Day

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower coming out of the weekend amidst mixed sentiment in comparable oils. Chicago soyoil and European rapeseed were solidly in positive territory, while Malaysian palm oil was down. Crude oil prices were lower due to confusion over trade talks between the United States and


ICE canola correcting lower to start week

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Monday morning, seeing a modest correction to start the week after trending higher through April. The most-active July contract settled above the psychological C$700 per tonne mark on Friday but was back below that chart point Monday morning. A softer tone

North American Grain and Oilseed Review: Canola hits highest prices in 16 months

Slight movement either side of unchanged in U.S. 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


ICE Canola Midday: Looking to extend this week’s rally

Growing need for StatCan to revise production estimate

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

ICE canola eases off

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


North American Grain and Oilseed Review: A spike in old crop canola

A positive day in Chicago

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

ICE Canola Midday: Touching on recent contract highs

Price rationing inevitable says analyst

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