Insights and Stories on ICE Futures Canada

Mar. 5, 2018 at 5:53 pm CST

CNS Canada — The ICE Futures Canada canola market remains in a steady uptrend from a chart standpoint, with the May contract posting gains Monday for the 11th straight session. However, the futures are getting very close to upper resistance. May canola settled Monday at $530.50 per tonne, after climbing […]

By Phil Franz-Warkentin

Feb. 28, 2018 at 4:04 pm CST

CNS Canada — ICE Futures Canada canola contracts may be on the rise, but the commodity is actually looking cheaper to end-users, which should keep values supported going forward. “Canola is getting pulled higher, it’s not going up on its own,” said Ken Ball of PI Financial in Winnipeg. Recent […]

By Phil Franz-Warkentin

Feb. 21, 2018 at 6:32 pm CST

CNS Canada — ICE Futures Canada canola contracts rode the coattails of a surging soymeal market during the week ended Wednesday, but one big rain in Argentina could halt the rally in its tracks. “If there’s more rain in the forecast we will lose ground,” said Mike Jubinville of ProFarmer […]

By Dave Sims

Feb. 14, 2018 at 5:59 pm CST

CNS Canada — ICE Futures Canada canola contracts moved higher over the past week, but may be running into resistance to the upside. “I’m sensing that canola is at the top end of the range,” said Errol Anderson of ProMarket Communications in Calgary, noting much of the recent strength was […]

By Phil Franz-Warkentin

Feb. 7, 2018 at 5:42 pm CST

CNS Canada — ICE Futures Canada canola contracts finally broke through the psychologically-important $500 per tonne mark during the week ended Wednesday. That could be a fleeting achievement, however, depending on the chances for rainfall in Argentina and the next U.S. Department of Agriculture report. “If rain comes, soybeans could […]

By Dave Sims