Insights and Stories on ICE Futures

May. 12, 2021 at 6:02 pm CDT

MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to […]

By Glen Hallick - MarketsFarm

May. 5, 2021 at 10:00 pm CDT

MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper […]

By Phil Franz-Warkentin

Apr. 28, 2021 at 5:21 pm CDT

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for […]

By Glen Hallick - MarketsFarm

Apr. 21, 2021 at 8:48 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish […]

By Phil Franz-Warkentin

Apr. 14, 2021 at 8:22 pm CDT

MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the […]

By Glen Hallick - MarketsFarm