Insights and Stories on Canola Contracts

Sep. 2, 2020 at 8:23 pm CDT

MarketsFarm — ICE Futures canola contracts remained pointed higher during the week ended Wednesday, hitting some of their best levels in two years. However, its upside may be limited as harvest picks up over the next month. “Canola could go a little higher, but we’re probably pushing upper ranges for […]

By Phil Franz-Warkentin

Jan. 15, 2020 at 11:51 pm CST

MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade deal signed Wednesday between the U.S. and China failed to give the grain and oilseed markets a boost, as the […]

By Phil Franz-Warkentin

Dec. 11, 2019 at 7:55 pm CST

MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David […]

By Glen Hallick - MarketsFarm

Aug. 28, 2019 at 8:05 pm CDT

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday but remain rangebound overall, as market participants continued to await a clearer picture on the size of the 2019 crop. “The overall grain and oilseed complex still feels heavily weighted, but I’m hoping for at least a […]

By Phil Franz-Warkentin

Aug. 12, 2019 at 1:48 pm CDT

MarketsFarm — Fund traders added to their large net short position in canola during the first week of the new crop year, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in canola came in at […]

By Phil Franz-Warkentin