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Dec. 18, 2024 at 8:45 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was still in decline on Wednesday morning, dragged down by weakness in vegetable oils. Malaysian palm oil, Chicago soyoil and European rapeseed all suffered heavy losses. Meanwhile, crude oil was higher due to tighter United States stockpiles. The Canadian dollar […]

Dec. 17, 2024 at 2:13 pm CST

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market fell below nearby chart support on Tuesday as losses in Chicago soybeans and soyoil spilled over to weigh on prices. Bearish technical signals contributed to the declines, although the underlying fundamentals remained supportive. Canola remains cheap compared […]

Dec. 17, 2024 at 10:47 am CST

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was weaker at midday Tuesday, retreating from earlier gains as losses in the Chicago soy complex spilled over to weigh on values. Soybeans hit fresh contract lows while soyoil fell to its softest levels in three months. […]

Dec. 17, 2024 at 8:42 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was slightly higher on Tuesday morning while comparable oils were lower. Chicago soyoil and Malaysian palm oil were down while European rapeseed was mostly lower. Crude oil also continued to decline due to an economic slowdown in China and in anticipation […]

Dec. 16, 2024 at 2:34 pm CST

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Monday, settling just above nearby chart support as losses in outside markets weighed on values. The March contract fell below its 100-day moving average and settled just above the 20-day average, with speculative selling […]