Insights and Stories on Canola Markets

May. 6, 2019 at 5:43 pm CDT

MarketsFarm — The large speculative short position in ICE Futures canola contracts widened the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators […]

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. 3, 2019 at 5:17 pm CDT

MarketsFarm — ICE Futures canola contracts saw a modest correction off of major support over the week ended Wednesday, but the longer-term trend remains pointed lower with large old-crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence […]

By Phil Franz-Warkentin

Mar. 27, 2019 at 4:22 pm CDT

MarketsFarm — To some who follow commodities markets, it was clear some other participants had overreacted to the news of China banning canola imports from Viterra. Bruce Burnett of MarketsFarm was one of those who saw Canadian exports of canola to China have pretty much dried up since January. That […]

By Glen Hallick - MarketsFarm

Jan. 23, 2019 at 8:35 pm CST

The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market analyst. Other than being down on Monday, canola has finished up in five of its last six sessions, according to […]

By Glen Hallick - MarketsFarm