Insights and Stories on Canola

ICE weekly outlook: For canola, the only certainty is volatility

Apr. 14, 2021 at 8:22 pm CDT

MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the […]

ICE weekly outlook: Canola fundamentals still strong in volatile market

Apr. 7, 2021 at 7:57 pm CDT

By Phil Franz-Warkentin

Japan increases demand for canola

Apr. 5, 2021 at 5:10 pm CDT

By MarketsFarm Team

ICE weekly outlook: USDA reports could spur record canola acres

Apr. 1, 2021 at 4:53 pm CDT

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola still finding support

Mar. 24, 2021 at 7:54 pm CDT

By Phil Franz-Warkentin

Richardson to upsize Yorkton canola crush plant

Mar. 22, 2021 at 8:57 pm CDT

Agrifood firm Richardson International’s major canola crush plant at Yorkton in eastern Saskatchewan is set to undergo another round of upgrades which are expected to double its processing capacity. The company on Monday announced it will start work immediately on “facility upgrades and improvements” that would allow it to process […]

By Dave Bedard

ICE weekly outlook: Is a bear market next for canola?

Mar. 17, 2021 at 7:45 pm CDT

Winnipeg | MarketsFarm — The canola market started to retreat this week as unpriced supplies still in the countryside approach non-existent, according to Wayne Palmer, analyst with Exceed Grain in Winnipeg. For the first half of the week of March 15, canola began to lose strength, particularly in old-crop months. […]

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola’s correction likely short-lived given tight supplies

Mar. 10, 2021 at 4:52 pm CST

MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola back where it started

Mar. 3, 2021 at 8:04 pm CST

MarketsFarm — ICE canola futures are pretty much back where they were a week ago after losing ground, only to recover by small — and then strong — gains. The May canola contract finished at $765.20 per tonne on Friday and closed Wednesday at $767.30. In between, the lowest close […]

By Glen Hallick - MarketsFarm

ICE weekly outlook: Profit-taking to pressure canola

Feb. 24, 2021 at 7:35 pm CST

MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing […]

By Phil Franz-Warkentin