North American grain/oilseed review: Canola at nine-month lows

The ICE Futures CANOLA market was weaker on Monday, hitting fresh nine-month lows. Losses in outside markets accounted for some spillover selling pressure, with Chicago soyoil, European rapeseed and Malaysian palm oil all down on the day. Large supplies and the ongoing lack of export demand from China continued to weigh on values, despite solid

ICE canola continues lower to start week

Glacier FarmMedia — ICE Futures canola contracts were posting small losses at midday Monday, taking some direction from declines in the Chicago soy complex. The January soyoil contract fell below psychological chart support at 50 cents per pound, while the more-active March contract also tested that key technical level. Large supplies continue to overhang the



ICE canola remains in the red

Glacier FarmMedia – Canola futures on the Intercontinental Exchange resumed its downturn in early Monday trading, with the March contract C$30 per tonne below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil were lower to start the day. Crude oil was also down slightly as oversupply fears outweighed tensions between


Canadian Dollar and Business Outlook: Loonie firm

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Monday morning, with little movement in either the United States dollar or crude oil. As of 8:39 am CST, the loonie was at US$0.7267 or US$1=C$1.3762, compared to Friday’s close of US$0.7263 or US$1=C$1.3769. On the U.S. Dollar Index, the



Canadian Financial Close: Loonie, crude oil move slightly

Glacier FarmMedia – The Canadian dollar moved slightly higher on Friday, ending the week on a high note.          The loonie settled at US$0.7263 or US$1=C$1.3769, compared to US$0.7260 or US$1=C$1.3774 on Thursday.      The United States Dollar Index was up 0.03 of a point at 98.37.      Crude oil prices were lower due to



North American Grain and Oilseed Review:Sharp drops for canola

A down day in Chicago

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures finished weaker on Friday, pulled down by losses in comparable oils as well as profit-taking. There were sharp declines in Chicago soybeans and soyoil, while soymeal edged up a little. Losses in MATIF rapeseed and Malaysian palm oil added to canola’s downturn. Crude