Insights and Stories on ICE Futures

Jul. 9, 2021 at 7:08 pm CDT

MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were […]

By Phil Franz-Warkentin

Jul. 7, 2021 at 5:23 pm CDT

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 […]

By Glen Hallick - MarketsFarm

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. 23, 2021 at 8:07 pm CDT

MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very […]

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