Insights and Stories on Canola

Dec. 16, 2020 at 8:18 pm CST

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in […]

By Marlo Glass – MarketsFarm

Dec. 9, 2020 at 7:46 pm CST

MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per […]

By Phil Franz-Warkentin

Dec. 4, 2020 at 7:43 pm CST

MarketsFarm — The large net long position fund traders are holding in canola futures held relatively steady during the week ended Tuesday, despite long liquidation in U.S. grains and oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund […]

By Phil Franz-Warkentin

Dec. 4, 2020 at 7:30 pm CST

MarketsFarm — Canadian grain exports continue to run at a very solid pace, with canola, wheat and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. […]

By MarketsFarm Team

Dec. 3, 2020 at 9:28 pm CST

Reuters — U.S. prosecutors are discussing a deal with lawyers for Huawei chief financial officer Meng Wanzhou to resolve criminal charges against her, a person familiar with the matter said, signaling a potential end to a case that has strained ties between the U.S., China and Canada. Negotiations between Meng’s […]

By Karen Freifeld