Insights and Stories on ICE Futures

Sep. 23, 2020 at 5:59 pm CDT

MarketsFarm — ICE Futures canola contracts have shown weakness in recent trading sessions, after hitting two-year highs last week. The November canola contract, which closed Sept. 16 at $530.20 per tonne, has since lost over $10, closing Wednesday at $519.60. “Last week when canola moved up very strongly, it just […]

By Marlo Glass – MarketsFarm

Sep. 18, 2020 at 5:19 pm CDT

MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund […]

By Phil Franz-Warkentin

Sep. 16, 2020 at 5:32 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said […]

By Phil Franz-Warkentin

Sep. 14, 2020 at 7:12 pm CDT

MarketsFarm — Fund traders added to their sizeable long positions in canola during the week ended Tuesday (Sept. 8), hitting the largest net long position in the two years of available data. The latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC) showed managed […]

By Phil Franz-Warkentin

Sep. 9, 2020 at 6:25 pm CDT

MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. […]

By Glen Hallick - MarketsFarm