Insights and Stories on Contracts

Aug. 12, 2020 at 7:28 pm CDT

MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, signalling that the top may be in for the time being as the harvest gets started. “There’s clearly been a shift in canola,” Ken Ball of PI Financial in Winnipeg said of the move […]

By Phil Franz-Warkentin

Aug. 7, 2020 at 5:49 pm CDT

MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in […]

By Phil Franz-Warkentin

Jul. 22, 2020 at 4:50 pm CDT

MarketsFarm — Canola contracts have received considerable pressure from outside sources, but held above $480 per tonne this week. Ken Ball of P.I. Financial in Winnipeg expected canola to be down by $6-$10, but nearby contracts closed lower by about a dollar at $483.60 per tonne. Ball referred to weakness […]

By Marlo Glass – MarketsFarm

Jul. 17, 2020 at 11:33 pm CDT

MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 […]

By Phil Franz-Warkentin

Jul. 6, 2020 at 11:20 pm CDT

MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to […]

By Phil Franz-Warkentin