Insights and Stories on November Canola

Jul. 4, 2017 at 4:47 pm CDT

CNS Canada –– The ICE Futures Canada November canola contract has rallied by more than $30 in a matter of days, jumping past a number of key chart points in the process. The futures are nearing major resistance from a technical standpoint. The November contract, which has held in a […]

By Phil Franz-Warkentin

Jun. 14, 2017 at 7:27 pm CDT

CNS Canada — ICE Futures Canada canola contracts are facing some bearish weather conditions as more rain is expected to fall across parched regions of the Prairies. During the week ended Wednesday, most canola contracts posted losses. The dominant November contract fell $7.80, to $489.60. The lone exception was the […]

By Dave Sims

May. 31, 2017 at 5:32 pm CDT

CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be headed even lower, as bearish technicals and weakness in global economic markets outweigh supportive fundamentals. “We’re going into a seasonally slower demand period,” said Errol Anderson of ProMarket Communications. A downgrade […]

By Phil Franz-Warkentin

Oct. 7, 2016 at 7:23 pm CDT

CNS Canada –– ICE Futures Canada canola contracts may have seen some weather-related strength over the past week, but technical signals remain relatively flat overall. The November contract settled Friday at $469.80 per tonne, nearing the high end of a corkscrew pattern — a series of higher lows and lower […]

By Phil Franz-Warkentin

Jun. 21, 2016 at 7:38 pm CDT

CNS Canada — ICE Futures Canada canola contracts have crashed hard the past few days, losing roughly $40 per tonne since hitting some of their highest levels of the past year the previous week, as speculators bailed out of long positions. The most active November contract settled at $493.60 per […]

By Phil Franz-Warkentin