Insights and Stories on ICE Futures

Aug. 14, 2019 at 4:39 pm CDT

MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved […]

By Phil Franz-Warkentin

Aug. 7, 2019 at 5:07 pm CDT

MarketsFarm — There’s a large canola carryover on farms and little of the soon-to-come 2019 crop has been sold, according to Winnipeg-based analyst Bill Craddock. “Farmers think the price is too cheap,” he said. However, the price has come down, from about $11 per bushel to around $9.50, he added, […]

By Glen Hallick - MarketsFarm

Jul. 17, 2019 at 8:28 pm CDT

MarketsFarm — The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks […]

By Phil Franz-Warkentin

Jul. 15, 2019 at 5:33 pm CDT

MarketsFarm — Fund traders continue to hold onto a large net short position in the canola market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in Tuesday at 57,512,an increase of roughly 5,000 contracts […]

By Phil Franz-Warkentin

Jul. 10, 2019 at 7:26 pm CDT

MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s […]

By Glen Hallick - MarketsFarm