Insights and Stories on ICE

Jul. 3, 2024 at 3:58 pm CDT

While the November contract fell below C$600 per tonne on June 26 for the first time since late February, it has since gained more than C$50 to close at C$652.70 on July 3. Earlier that day, the contract reached C$659.70, its highest level since June 7.

By Adam Peleshaty - MarketsFarm

Jun. 26, 2024 at 4:48 pm CDT

Although canola futures on the International Exchange have lost a fair bit of value over the last several weeks, there is a case to be made that the Canadian oilseed is rangebound.

By Glen Hallick - MarketsFarm

Jun. 19, 2024 at 5:33 pm CDT

Canola across most of the Prairies appeared to be in good shape during the second last week of June, with very little prospect of a major rally according to a trader.

By Glen Hallick - MarketsFarm

Jun. 5, 2024 at 4:53 pm CDT

The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.

By Phil Franz-Warkentin

May. 29, 2024 at 4:26 pm CDT

With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.

By Glen Hallick - MarketsFarm