Insights and Stories on Canola Futures

Aug. 8, 2024 at 3:54 pm CDT

Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.

By Phil Franz-Warkentin

Aug. 7, 2024 at 3:40 pm CDT

Canola futures at the Intercontinental Exchange (ICE) followed the lead of vegetable oils during the first trading week of August, posting sharp losses despite seeing a modest correction on Aug. 7.

By Adam Peleshaty

Jul. 31, 2024 at 3:29 pm CDT

The Intercontinental Exchange (ICE) Futures canola market tried to salvage what it can at the end of July after a sharp downturn in prices over the past week.

By Adam Peleshaty

Jul. 24, 2024 at 4:23 pm CDT

At this time there have yet to be any firm estimates as to what canola yields on the Canadian Prairies are most likely to be. However, once those start rolling in, the canola market will shift towards demand, according to broker Tony Tryhuk of RBC Dominion Securities in Winnipeg.

By Glen Hallick - MarketsFarm

Jul. 17, 2024 at 3:58 pm CDT

Ken Ball of Ventum Financial Corp. in Winnipeg acknowledged that while dryness and warmer temperatures would be seen as beneficial in rain-drenched fields in Saskatchewan and Manitoba, heat stress on canola crops in Alberta would be aggravated. This has led traders to become a bit more bullish on the oilseed.

By Adam Peleshaty - MarketsFarm