Insights and Stories on Canola Futures

Jul. 18, 2018 at 8:30 pm CDT

CNS Canada –– A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above $525 a tonne in late June, but has since fallen to the $490 mark as of Wednesday. […]

By Dave Sims

Jul. 13, 2018 at 4:14 pm CDT

CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil […]

By Dave Sims

Jul. 11, 2018 at 6:40 pm CDT

CNS Canada — ICE Futures Canada canola futures fell sharply lower during the week ended Wednesday, but could still have more room to the downside as the oilseed remains overpriced compared to the slumping U.S. soybean market. Mounting trade tensions between the U.S. and China led to a selloff in […]

By Phil Franz-Warkentin

Jul. 5, 2018 at 5:23 pm CDT

CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially […]

By Dave Sims

Jun. 27, 2018 at 7:11 pm CDT

CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide […]

By Phil Franz-Warkentin