Insights and Stories on Canola Futures

May. 8, 2019 at 8:19 pm CDT

MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager […]

By Glen Hallick - MarketsFarm

May. 1, 2019 at 4:54 pm CDT

MarketsFarm — ICE Futures canola prices fell to their lowest levels since 2014 during the week ended Wednesday, as bearish technical signals and a lack of progress on trade relations with China weighed on values. While a short-covering correction is possible, the underlying fundamentals also remain bearish. Speculators adding to […]

By Phil Franz-Warkentin

Apr. 26, 2019 at 6:40 pm CDT

MarketsFarm — Speculators added to their large net short position in ICE Futures canola 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 and other reportable speculators had a net short position of 58,004 contracts […]

By Phil Franz-Warkentin

Apr. 24, 2019 at 7:08 pm CDT

MarketsFarm –– Statistics Canada’s acreage report has provided something of a much-needed bounce for canola bids. Canola hit a record low Tuesday, with the May contract at $437.80 per tonne and the July contract at $446.10 per tonne. The primary reason for the huge drop was the price of soybeans […]

By Glen Hallick - MarketsFarm

Apr. 24, 2019 at 10:07 am CDT

Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in […]

By Rod Nickel