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Jul. 11, 2024 at 9:06 am CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was holding onto small gains Thursday morning, seeing a modest correction after dropping lower the previous three sessions. Chart-based positioning and end user bargain hunting underpinned the futures. Gains in Chicago soyoil provided spillover support, with Malaysian […]

Jul. 10, 2024 at 2:48 pm CDT

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were down by double digits on Wednesday, as the global oilseed selloff continued. A trader said the November contract could soon test the psychological support level of C$600 per tonne. There were moderate to sharp losses in […]

Jul. 10, 2024 at 10:31 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were pulling back at midsession Wednesday, largely due to a sell-off in oilseeds. “There’s no really big news, it’s just sell, sell, sell,” an analyst commented. Canola was feeling pressure from losses in European rapeseed and Malaysian palm […]

Jul. 10, 2024 at 8:55 am CDT

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was posting small losses Wednesday morning, seeing a continuation of the chart-based selling pressure that weighed on values earlier in the week. While chart-based positioning and ideas the recent losses were overdone had provided some support overnight, […]

Jul. 9, 2024 at 2:44 pm CDT

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures dropped hard on Tuesday, forced to follow another day of sharp declines in the Chicago soy complex. Canola also felt the pressure from sizeable pullbacks in European rapeseed and Malaysian palm oil. Losses in crude oil added […]