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Jul. 26, 2024 at 2:40 pm CDT

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Friday, due to a mix of farmer selling, improved weather for the United States Midwest, and the likelihood of large harvests this year. Added to that were steep declines in Chicago soybeans and soymeal, […]

Jul. 26, 2024 at 10:36 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures fell hard at midsession Friday, in what an analyst believes is a good amount of farmer selling. “It’s running away from us,” the analyst commented. He added the market is also contending with improved confidence in the weather […]

Jul. 26, 2024 at 8:43 am CDT

Glacier FarmMedia MarketsFarm – The ICE Futures canola market took a step back on Friday morning amidst mostly negative sentiment in comparable oils. Chicago soyoil and European rapeseed were down as well as crude oil, which was affected by a draw in United States stockpiles and a sluggish Chinese economy. However, […]

Jul. 25, 2024 at 2:29 pm CDT

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures increased on Thursday, but with the upfront contracts fading from earlier gains. Increases in Chicago soybeans and soymeal spurred the rise in canola. Additional support came from upticks in Malaysian palm oil and most European rapeseed contracts, […]

Jul. 25, 2024 at 10:31 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pushed higher at midsession Thursday, catching spillover from gains in Chicago soybeans and soymeal. A trader said soybeans are stronger today because of the increases in soymeal, which was up due to improved demand. As soyoil eased back, […]