Insights and Stories on Canola Futures

Sep. 29, 2021 at 7:21 pm CDT

MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all […]

By Glen Hallick - MarketsFarm

Sep. 8, 2021 at 7:36 pm CDT

MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department […]

By Phil Franz-Warkentin

Sep. 1, 2021 at 4:36 pm CDT

MarketsFarm — If the October soyoil contract on the Chicago Board of Trade (CBOT) falls to 55 U.S. cents/lb., it’s likely ICE Futures canola will drop to around $850 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. ICE November canola closed Wednesday at $890.80 per tonne, […]

By Glen Hallick - MarketsFarm

Aug. 25, 2021 at 6:57 pm CDT

MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, hitting their lowest levels in nearly a month before recovering back toward the upper end of their wide sideways range. A new production report from Statistics Canada, due out Monday (Aug. 30), could set the […]

By Phil Franz-Warkentin

Aug. 18, 2021 at 4:11 pm CDT

MarketsFarm — Concerns over the likelihood of a much smaller canola crop than previously anticipated, coupled with a very tight supply situation, continued to underpin values this week. That price rationing in turn has kept canola more expensive than other edible oils, according to trader Keith Ferley of RBC Dominion […]

By Glen Hallick - MarketsFarm