ICE canola holding onto small gains at midday Monday

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small gains at midday Monday, although it was lagging the Chicago soy complex to the upside. March canola climbed above its 200-day moving average on Friday and was holding above that key chart point on Monday, which was supportive from


ICE Canada Morning Comment: Looking to build on to gains

Support from crude, soy and palm oils

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were slightly higher on Monday morning, tempting to add to their overnight increases. As spillover came from gains in crude oil, additional support came from upticks in the Chicago soy complex and Malaysian palm oil. But canola’s increases were tempered by losses in



ICE Midday: Canola rises with comparable oils

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market sharply rose on Friday, fueled by comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil all saw large gains. Crude oil also surged more than US$1 per barrel due to sanctions to be imposed on Russian oil. The Canadian Grain Commission reported canola exports

ICE canola hits one-month highs Friday morning

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Friday morning, hitting its highest levels in over a month as rallies in crude oil and Chicago soyoil provided spillover support. European rapeseed and Malaysian palm oil futures were also stronger on the day. The United States Department of


North American Grain/Oilseed Review: Canola lower, grains mixed

Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was lower on Thursday despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was down. Crude oil made gains as demand for heating fuel outweighed growing United States stockpiles. One analyst said despite canola’s declines, Chicago soyoil

ICE Midday: Canola dips lower

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly lower in the middle of trading on Thursday despite mostly positive sentiment in comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was lower. Crude oil made gains as demand for heating fuel outweighed growing United States stockpiles. Most U.S.


ICE canola posting losses Thursday morning

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses Thursday morning, taking back some of yesterday’s gains as the futures ran into chart resistance. Overnight losses in Malaysian palm oil accounted for some spillover selling pressure, as the palm market hit its softest levels since October.