Insights and Stories on Crush Margins

Jan. 4, 2023 at 8:20 pm CST

MarketsFarm — ICE Futures canola contracts remain stuck in a sideways trading range to start the New Year, with bearish outside forces countered by relatively supportive fundamentals. From a chart standpoint, March canola is stuck in a sideways range between $800 and $900, with little to suggest a break one […]

By Phil Franz-Warkentin

Dec. 21, 2022 at 7:11 pm CST

MarketsFarm — After a losing string of four straight sessions, the ICE Futures March canola contract regained some strength on Wednesday. Limited and choppy trading in nearby soybean contracts had pulled down canola for most of the week, according to Winnipeg-based independent trader Jerry Klassen. “When the March got up […]

By Adam Peleshaty

Nov. 30, 2022 at 7:26 pm CST

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for […]

By Adam Peleshaty

Nov. 9, 2022 at 7:43 pm CST

MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, […]

By Adam Peleshaty

Oct. 12, 2022 at 5:12 pm CDT

MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out […]

By Phil Franz-Warkentin