Insights and Stories on ICE Canola

Jul. 29, 2021 at 9:24 am CDT

MarketsFarm – ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. “We’re just waiting to see as we get into harvest what the crop size and crop yields […]

By Phil Franz-Warkentin

Jul. 21, 2021 at 6:15 pm CDT

MarketsFarm — ICE Futures canola contracts posted some wide price swings over the week ended Wednesday, moving lower overall as the market backed away from nearby highs and speculative profit-taking weighed on values. “The trend is higher, but you can’t go up forever,” said trader Ken Ball of PI Financial […]

By Phil Franz-Warkentin

Jun. 30, 2021 at 5:38 pm CDT

MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather […]

By Adam Peleshaty

Jun. 16, 2021 at 6:53 pm CDT

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing […]

By Adam Peleshaty

Jun. 2, 2021 at 7:28 pm CDT

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in […]

By Phil Franz-Warkentin