Insights and Stories on ICE Weekly

Aug. 11, 2021 at 4:53 pm CDT

MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that […]

By Glen Hallick - MarketsFarm

Jul. 30, 2020 at 10:12 am CDT

MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for […]

By Phil Franz-Warkentin

Nov. 7, 2019 at 9:01 am CST

MarketsFarm – Canola has remained trading in a range for most of the week, with short coverings a feature in trading. Canola values have been well-supported by Malaysian palm oil values, which were stronger for most of the week due to tight supplies and lowered production. On Tuesday, benchmark palm […]

By Marlo Glass – MarketsFarm

Oct. 31, 2019 at 9:13 am CDT

MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with […]

By Glen Hallick - MarketsFarm

Aug. 1, 2019 at 9:02 am CDT

Winnipeg | MarketsFarm – So far this summer, canola prices have continued to remain range-bound, said David Derwin of PI Financial in Winnipeg, Man. “On a week to week basis, we’re kind of at the low end of the range,” Derwin commented, noting C$450 per tonne has been near the […]

By Glen Hallick - MarketsFarm