Markets

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, testing major chart resistance as gains in crude oil and world vegetable oil markets provided support. Malaysian palm oil futures touched fresh contract highs in overnight activity, with European rapeseed and Chicago soyoil also stronger. However,

Glacier FarmMedia MarketsFarm – The ICE Futures canola market continued to move upwards on Thursday morning, but gains were limited by weakness in comparable oils. While Chicago soyoil was higher, European rapeseed and Malaysian palm oil were lower. Crude oil rose sharply yet again due to ongoing tensions in the Middle East. The Canadian dollar

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Thursday morning, due to more increases for its United States counterpart and despite another round of gains for crude oil. As of 8:37 am CDT, the loonie was at US$0.7390 or US$1=C$1.3535 compared to Wednesday’s close of US$0.7412 or US$1=C$1.3491. On the

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Wednesday, nearing major chart resistance as gains in outside vegetable oil markets provided support. An overnight rally in Malaysian palm oil to contract highs lent support to the world vegetable oil markets. The escalating conflict in the Middle East

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was posting small gains in the most active months at midday Wednesday, although activity was choppy and values were well off their session highs. The November contract traded just shy of C$620 per tonne earlier in the session, but farmer selling