Insights and Stories on November Canola

Apr. 20, 2022 at 6:29 pm CDT

MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in […]

By Phil Franz-Warkentin

Sep. 29, 2021 at 7:21 pm CDT

MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all […]

By Glen Hallick - MarketsFarm

Jul. 14, 2021 at 5:36 pm CDT

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the […]

By Glen Hallick - MarketsFarm

May. 19, 2021 at 8:23 pm CDT

MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no […]

By Phil Franz-Warkentin

Oct. 21, 2020 at 5:03 pm CDT

MarketsFarm — Canola has been seeing terrific days on ICE Futures so far in October, thanks to a bull market generated by good demand and further supported by traders looking to roll out of their November contracts as those soon expire. As October winds down, the big question is: will […]

By Glen Hallick - MarketsFarm