Insights and Stories on Canola Prices

Jan. 25, 2017 at 7:10 pm CST

CNS Canada — The ICE Futures Canada canola market has been something of a maverick over the course of the week, bucking pressure from a stronger loonie and weaker soybeans, but traders could turn on the market in coming sessions, one analyst said. “There’s certainly some commercial buying keeping it […]

By Jade Markus

Dec. 7, 2016 at 5:43 pm CST

CNS Canada — Canola futures have trended higher in the most active nearby contracts in recent weeks, but still remain underpriced compared to soybeans. From a chart perspective, ICE Futures Canada’s January contract is trading at the highest levels for the front month in two and a half years. However, […]

By Phil Franz-Warkentin

Oct. 19, 2016 at 5:24 pm CDT

CNS Canada –– Canola futures burst through the psychologically-important $500 per tonne mark during the week ended Wednesday, but now face a critical juncture as weather and time will dictate how much of the remaining crop farmers can get off before winter. “Harvest prospects don’t look that great right now […]

By Dave Sims

Oct. 5, 2016 at 6:06 pm CDT

CNS Canada — ICE Futures Canada canola contracts have a softer tone, but are likely to stay rangebound in the short term, one analyst says. “We’re not looking for a significant breakout,” said Jerry Klassen, manager of Canadian operations with Swiss-based GAP SA Grains and Produits in Winnipeg. He pegged […]

By Jade Markus

Sep. 7, 2016 at 3:16 pm CDT

CNS Canada –– A stocks report from Statistics Canada has changed the dynamic of the canola market, one analyst says, though prices are not expected to plummet. Statistics Canada estimates canola stocks at 2.016 million tonnes as of July 31. The government agency also upwardly revised year-ago production numbers. “It […]

By Jade Markus