Markets

By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower by mid-morning Monday, pulled down by this year’s record harvest. “There’s too much canola around,” a trader said, stressing the need for Canada to resolve its trade differences with China. The trader added that good weather in South America

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were pulling back on Monday morning, following other vegetable oils to the downside. There were declines in the Chicago soy complex, Malaysian palm oil and most MATIF rapeseed contracts. Strong increases in crude oil limited the losses in the veg oils. Statistics Canada

Glacier FarmMedia -– Canola futures on the Intercontinental Exchange entered the Christmas holidays in the red, pulled down by weaker comparable oils, a record harvest, lacklustre exports and a stronger Canadian dollar.      Earlier this month, Statistics Canada forecast a record canola crop of 21.80 million tonnes. However, due to China’s tariffs on Canadian canola