Archives

May. 2, 2024 at 2:26 pm CDT

  By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market posted solid gains on Thursday, seeing a continuation of Wednesday’s corrective bounce. Chart-based speculative buying was a feature, with some stops likely hit as contracts moved back above some key technical levels. Gains in Chicago soybeans and […]

May. 2, 2024 at 10:44 am CDT

By Phil Franz-Warkentin Glacier FarmMedia MarketsFarm – The ICE Futures canola market was stronger at midday Thursday, seeing a continuation of Thursday’s corrective bounce off nearby lows. Chart-based speculative positioning was a feature, with the July contract moving back above some major moving averages. Gains in Chicago soybeans and European […]

May. 2, 2024 at 8:37 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher on Thursday morning, building on yesterday’s gains. Increases in the Chicago soy complex, European rapeseed and Malaysian palm oil lent support to the Canadian oilseed. Global crude oil prices were relatively steady, which provided little direction […]

May. 1, 2024 at 2:46 pm CDT

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures closed higher on Wednesday, taking back about half of yesterday’s steep losses. This came despite sharp declines in crude oil prices, which would normally place a great pressure on the oilseeds. Support for canola came from upticks […]

May. 1, 2024 at 10:48 am CDT

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were higher at midsession Wednesday, taking back a portion of yesterday’s sharp losses. “You break the market 20 to 30 bucks, you’re not going to get the follow through,” a trader commented about recent sessions. He noted the […]