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Aug. 7, 2024 at 2:36 pm CDT

Glacier FarmMedia MarketsFarm– The ICE Futures canola market corrected itself on Wednesday as strength in vegetable oils spilled over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to Middle East tensions. Temperatures across the Prairies […]

Aug. 7, 2024 at 10:20 am CDT

Glacier FarmMedia MarketsFarm – The ICE Futures canola market was correcting itself in the middle of trading on Wednesday as strength in vegetable oils were spilling over into the oilseed. Chicago soyoil, European rapeseed and Malaysian palm oil showed strong gains. Crude oil was up nearly US$2 per barrel due to […]

Aug. 7, 2024 at 8:59 am CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small gains Wednesday morning, seeing a modest correction after dropping sharply lower on Tuesday. Advances in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil all moving higher. Persistent dryness […]

Aug. 6, 2024 at 2:33 pm CDT

The ICE Futures canola market fell sharply coming out of the August long weekend as heavy losses in equity markets on Monday spilled over into vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red on Tuesday. However, crude oil was making small gains. At […]

Aug. 6, 2024 at 8:55 am CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower Tuesday morning as activity resumed after Monday’s Canadian holiday. The November contract fell below the psychological C$600 per tonne level, bringing in additional speculative selling. Losses in Chicago soyoil accounted for some spillover selling […]