Markets

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