Insights and Stories on Canola Futures

Dec. 7, 2023 at 9:15 am CST

There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4. 

By Glen Hallick - MarketsFarm

Nov. 15, 2023 at 4:06 pm CST

With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.

By Glen Hallick - MarketsFarm

Nov. 8, 2023 at 6:49 pm CST

MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on […]

By Adam Peleshaty

Oct. 11, 2023 at 8:05 pm CDT

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in three and a half months during the week ended Wednesday, taking some direction from Chicago soyoil as harvest activity winds down across the Prairies. Losses in other markets, including Malaysian palm oil and European rapeseed futures, added to […]

By Phil Franz-Warkentin

Aug. 23, 2023 at 5:41 pm CDT

MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne […]

By Adam Peleshaty - MarketsFarm