ICE Canada Morning Comment: Canola eases back

Uncertainty looms over market

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dipped Wednesday morning in choppy trading. Small losses in Chicago soyoil, European rapeseed and Malaysian palm oil helped to push canola lower. However, gains in Chicago soybeans and soymeal as well as crude oil underpinned the vegetable oils. Canola’s March contract held above

North American grain/oilseed review: Canola corrects lower

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Tuesday, as traders took profits after recent gains. The March contract held above its 200-day moving average, with the former resistance level now providing support at around C$640 per tonne. Gains in Chicago soyoil and a steady tone in European


ICE canola weakens Tuesday on profit-taking after recent gains

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was posting small losses at midday Tuesday, seeing some consolidation after climbing higher the previous two sessions. The March contract was holding above its 200-day moving average, with the former resistance level now providing support at around C$640 per tonne. Gains in

ICE Canada Morning Comment: Canola pulls back

March contract remains above 200-day moving average

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were lower on Tuesday morning, continuing the losses from the overnight session. Declines in the Chicago soy complex and Malaysian palm oil weighed on canola values while European rapeseed was mixed. Crude oil prices stepped back, putting pressure on the vegetable oils. The



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