ICE Canada Morning Comment: Canola weaker due to comparable oils

November remains above most support levels

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pulled back Tuesday morning, following other comparable oils to the downside. In a corrective move there were losses in the Chicago soy complex, European rapeseed and Malaysian palm oil. Crude oil as well was lower, adding more pressure on the oilseeds. Despite the




Canadian Financial Close: Loonie continues losing ground

Spike in crude oil prices can't reverse dollar's course

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar shed more ground on Monday, as its United States counterpart was relatively steady and despite sharp upticks in crude oil. The loonie closed at US$0.7348 or US$1=C$1.3609, compared to Friday’s finish of US$0.7365 or US$1=C$1.3577. On the U.S. Dollar Index, the greenback dipped





North American grain/oilseed review: Canola uptrend continues Monday

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Monday, hitting fresh two-month highs as speculative short-covering provided support. The November contract settled just below its 200-day moving average. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all higher on the day, providing spillover support. However,



ICE canola uptrend continues to start another week

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Monday, continuing its uptrend of the past few weeks. The November contract was trading above its 200-day moving average at midsession, with the supportive chart signal thought to be bringing in additional speculative short-covering. Chicago soyoil, European rapeseed