Markets

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Wednesday, in what a trader said is a very tough market due to its price swings. Although China remains out of the Canadian export market, the trader said the domestic crushers are running at capacity with farmers willing to sell

By Glen Hallick Glacier FarmMedia | MarketsFarm – There were losses in canola on the Intercontinental Exchange mid-morning Wednesday, in what a trader called a “tough market to trade.” The trader said it’s very difficult right now to get a good idea as to where canola prices are heading day-to-day. “It gets to $625 (per

Glacier FarmMedia — ICE canola futures were stronger Wednesday morning, seeing follow-through buying interest after Tuesday’s correction off nearby lows. Oversold price signals on the charts contributed to the gains, with end user bargain hunting also thought to be supportive. Improving cash basis levels in the countryside suggest steady commercial buying in the face of

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures found strength on Tuesday, turning around after a series of losses over the last week. Bargain hunting helped to push canola higher, despite pressure from losses in the Chicago soy complex, MATIF rapeseed and crude oil. Malaysian palm oil was relatively steady. The