Insights and Stories on ICE Futures Canada

May. 31, 2017 at 5:32 pm CDT

CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be headed even lower, as bearish technicals and weakness in global economic markets outweigh supportive fundamentals. “We’re going into a seasonally slower demand period,” said Errol Anderson of ProMarket Communications. A downgrade […]

By Phil Franz-Warkentin

May. 24, 2017 at 3:07 pm CDT

CNS Canada –– The ICE Futures Canada canola market lost ground during the week ended Wednesday, pushed down by losses in the U.S. soy complex. A corruption scandal in Brazil sparked a steep selloff in soybeans during last Thursday’s session, which affected oilseeds around the world, including canola. Canola’s dominant […]

By Dave Sims

May. 17, 2017 at 7:15 pm CDT

CNS Canada — ICE Futures Canada canola traders are keenly watching Prairie weather, with variability expected to keep the market choppy in the near term, one analyst says. “There’s a little tug-of-war, back and forth; traders watch as every cloud goes across the Prairies,” said Keith Ferley, commodity futures advisor […]

By Jade Markus

May. 11, 2017 at 4:55 pm CDT

CNS Canada –– The ICE Futures Canada July canola contract has run into resistance from a chart standpoint and nearby technical signals look neutral to bearish. The contract fell from two-month highs the past two sessions, settling right at the 20-day moving average Thursday around $518 per tonne. Prior to […]

By Phil Franz-Warkentin

May. 10, 2017 at 5:51 pm CDT

CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing […]

By Phil Franz-Warkentin