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Dec. 6, 2024 at 8:44 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market maintained its momentum from Thursday despite mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were both higher, while European rapeseed was down. Crude oil was also in negative territory. Statistics Canada released its principal field crop report on […]

Dec. 5, 2024 at 2:42 pm CST

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was stronger on Thursday, finding support from Statistics Canada’s updated production estimates. StatCan lowered its call on the 2024/25 canola crop by 1.1 million tonnes from September, pegging it at 17.8 million tonnes. That was below average […]

Dec. 5, 2024 at 10:51 am CST

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger at midday Thursday, underpinned by declining production estimates. Statistics Canada cut its call on the country’s 2024/25 canola crop by 1.1 million tonnes from September, pegging it at 17.8 million tonnes. That was below […]

Dec. 5, 2024 at 8:46 am CST

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market received a huge boost on Thursday morning after the release of Statistics Canada’s principal field crop report. The data agency cut its previous 2024-25 canola production estimate to 17.8 million tonnes, seven per cent lower than the previous year’s amount. However, […]

Dec. 4, 2024 at 2:53 pm CST

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm — The ICE Futures canola market was weaker on Wednesday, seeing a correction after moving higher the previous four sessions. Losses in Chicago soyoil and European rapeseed also weighed on values, although canola remains underpriced on the global export market. Malaysian palm oil […]