Insights and Stories on Canola

ICE weekly outlook: Canola sinks below $500

Aug. 16, 2017 at 3:44 pm CDT

CNS Canada — As canola heads towards harvest some bearish headwinds have popped up that are keeping the front-month contract below the $500 mark. “There’s been a big reversal since the (U.S. Department of Agriculture) report,” said Keith Ferley of RBC Dominion Securities in Winnipeg. USDA late last week projected […]

ICE Canada canola futures climb for third straight day

Aug. 9, 2017 at 4:21 pm CDT

By Julie Ingwersen

ICE Canada Weekly Outlook: Canola off highs, but watching weather

Jul. 26, 2017 at 4:28 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola consolidates as crush margins deteriorate

Jul. 19, 2017 at 6:35 pm CDT

By Dave Sims

Centre backs Ontario canola growers’ push for profitability

Jul. 14, 2017 at 8:49 am CDT

By John Greig

ICE weekly outlook: Canola trades on weather

Jul. 13, 2017 at 8:17 pm CDT

CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. […]

By Jade Markus

ICE weekly outlook: Canola market at mercy of weather

Jul. 5, 2017 at 5:59 pm CDT

CNS Canada — ICE Futures Canada canola contracts climbed higher during the week ended Wednesday, following gains in the U.S. soy market. The dominant November canola contract posted a gain of $28.70 per tonne. That lifted it above major resistance to settle at $510.80. Prices were also boosted by concerns […]

By Dave Sims

Canola climbs from bottom to top of chart in week

Jul. 4, 2017 at 4:47 pm CDT

CNS Canada –– The ICE Futures Canada November canola contract has rallied by more than $30 in a matter of days, jumping past a number of key chart points in the process. The futures are nearing major resistance from a technical standpoint. The November contract, which has held in a […]

By Phil Franz-Warkentin

ICE weekly outlook: New-crop uncertainty supports canola

Jun. 28, 2017 at 9:39 pm CDT

CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, despite a softer tone in the Chicago soy market, as tight old-crop supplies and chart-based buying supported the Canadian oilseed. Statistics Canada releases its updated acreage estimates on Thursday, and any surprises in the data […]

By Phil Franz-Warkentin

Crude oil bearishness seeps into canola market

Jun. 23, 2017 at 8:09 pm CDT

CNS Canada — The falling price of crude oil is a bearish force weighing on many agricultural commodities, including canola, according to a Prairie market analyst. “Crude oil has been a driver of this weakness,” said Errol Anderson, president of ProMarket Communications in Calgary. In the past month, crude oil […]

By Dave Sims