Insights and Stories on ICE Futures

Jan. 6, 2021 at 7:55 pm CST

MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going […]

By Phil Franz-Warkentin

Dec. 31, 2020 at 9:44 am CST

MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, […]

By Marlo Glass – MarketsFarm

Dec. 24, 2020 at 9:15 am CST

MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities […]

By Glen Hallick - MarketsFarm

Dec. 18, 2020 at 7:08 pm CST

MarketsFarm — The net long position fund traders are holding in canola futures remains historically large, with almost all of the managed money in the market sitting on the long side, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money […]

By Phil Franz-Warkentin

Dec. 16, 2020 at 8:18 pm CST

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in […]

By Marlo Glass – MarketsFarm