Insights and Stories on Canola

ICE weekly outlook: March canola contract not quite out of game

Feb. 17, 2021 at 7:54 pm CST

MarketsFarm — ICE Futures’ March canola contract doesn’t have too much to do with the price of the Canadian oilseed directly now but still can influence prices in coming days, according to Keith Ferley of RBC Dominion Securities in Winnipeg. Open interest in the March contract was around 15,000 as […]

Funds add to net longs in canola, U.S. futures

Feb. 14, 2021 at 11:13 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Volatility day-to-day in bullish canola market

Feb. 10, 2021 at 7:45 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: How long can canola remain well supported?

Feb. 4, 2021 at 3:19 am CST

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola entering uncharted waters

Jan. 27, 2021 at 6:03 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Potential remains for higher canola prices

Jan. 20, 2021 at 6:24 pm CST

MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a […]

By Glen Hallick - MarketsFarm

Funds’ net long position edges lower in canola

Jan. 15, 2021 at 6:46 pm CST

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of […]

By Phil Franz-Warkentin

ICE weekly outlook: WASDE spillover boosts canola

Jan. 13, 2021 at 8:01 pm CST

MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further […]

By Glen Hallick - MarketsFarm

ICE weekly outlook: Rallying canola not at top yet

Jan. 6, 2021 at 7:55 pm CST

MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going […]

By Phil Franz-Warkentin

ICE canola weekly outlook: Canola dips at midweek

Dec. 31, 2020 at 9:44 am CST

MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, […]

By Marlo Glass – MarketsFarm