Insights and Stories on Canola

Jan. 18, 2023 at 4:00 pm CST

MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday […]

By Adam Peleshaty

Jan. 16, 2023 at 4:32 pm CST

MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled […]

By Phil Franz-Warkentin

Jan. 11, 2023 at 7:03 pm CST

MarketsFarm — Unless something very dramatic were to happen in the coming weeks, canola futures on the ICE Futures platform will remain rangebound at least until spring, according to David Derwin, analyst with PI Financial in Winnipeg. “Canola has been very rangebound for the last six to seven months,” he […]

By Glen Hallick - MarketsFarm

Jan. 9, 2023 at 8:06 pm CST

MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in […]

By Phil Franz-Warkentin

Jan. 4, 2023 at 8:20 pm CST

MarketsFarm — ICE Futures canola contracts remain stuck in a sideways trading range to start the New Year, with bearish outside forces countered by relatively supportive fundamentals. From a chart standpoint, March canola is stuck in a sideways range between $800 and $900, with little to suggest a break one […]

By Phil Franz-Warkentin