Insights and Stories on ICE Futures

Mar. 6, 2019 at 3:50 pm CST

MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian […]

By Phil Franz-Warkentin

Feb. 27, 2019 at 7:27 pm CST

ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract […]

By Phil Franz-Warkentin

Feb. 20, 2019 at 6:16 pm CST

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking […]

By Phil Franz-Warkentin

Feb. 13, 2019 at 7:15 pm CST

ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some […]

By Phil Franz-Warkentin

Feb. 6, 2019 at 10:11 pm CST

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The […]

By Phil Franz-Warkentin