Insights and Stories on Canola

ICE weekly outlook: Days of $1,000 canola done, for now

Dec. 1, 2021 at 5:19 pm CST

MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the […]

ICE weekly outlook: Canola market strong but choppy

Nov. 24, 2021 at 6:36 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Canola trade starts rolling out of January early

Nov. 17, 2021 at 3:56 pm CST

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola’s trend line still pointed higher

Nov. 10, 2021 at 3:38 pm CST

By Phil Franz-Warkentin

Canadian canola oil content well below average

Nov. 5, 2021 at 9:04 am CDT

By MarketsFarm

ICE weekly outlook: Crude oil at heart of canola’s fate

Nov. 4, 2021 at 9:06 am CDT

MarketsFarm – As gains in global crude oil prices have been largely behind the increases in edible oil values, any losses in crude will lead to declines in the edibles. Such was the case on Nov. 3 when crude oil took a dip, pulling down soyoil on the Chicago Board […]

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola rally keeps going

Oct. 20, 2021 at 8:15 pm CDT

MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per […]

By Glen Hallick - MarketsFarm

ICE canola futures’ daily limit expanded to $60

Oct. 19, 2021 at 7:48 pm CDT

MarketsFarm — The daily price limit (DPL) for canola futures contracts on the ICE Futures platform will rise to $60 per tonne starting Nov. 1, the exchange announced Tuesday. The DPL determines how much a contract can move in a given session above or below the previous settlement. The new […]

By MarketsFarm

ICE weekly outlook: Canola still rangebound

Oct. 13, 2021 at 5:04 pm CDT

MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola feeling the energy

Oct. 6, 2021 at 5:39 pm CDT

MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely […]

By Phil Franz-Warkentin