ICE weekly outlook: Pressure builds on canola as yield outlooks vary

CNS Canada -- ICE's November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. "Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate," said Ken Ball of PI[...]

ICE weekly outlook: Canola futures brace for harvest pressure

CNS Canada -- ICE Futures canola contracts continued to hang above the psychologically-important $500 per tonne mark during the week ended Wednesday, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose $2.10 during the week to $506.90 per bushel by Wednesday’s open. As[...]


ICE weekly outlook: Dry weather keeping canola from more downside

CNS Canada -- A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above $525 a tonne in late June, but has since fallen to the $490 mark as of Wednesday. Global trade disruptions and a[...]

ICE weekly outlook: Canola set to chop around bottom end of long-term range

CNS Canada -- Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola[...]


ICE weekly outlook: Canola futures linked to NAFTA

CNS Canada -- ICE Futures Canada canola contracts zigged and zagged around the $520 per tonne mark during the week ended Wednesday -- but one analyst says the market could really take a turn if and when the future of the North American Free Trade Agreement is clarified. "The Canadian dollar is already moving to[...]

ICE weekly outlook: Canola braces for turbulence

CNS Canada -- The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. "Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard[...]


ICE weekly outlook: Canola to face pressure from northbound U.S. soy

CNS Canada -- As Friday's deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. "Soybeans have become so cheap we're going to find them leaking across the border, especially into Ontario," said Mike Jubinville[...]

ICE weekly outlook: Canola waits on stocks data

CNS Canada -- ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds are due to be released. The U.S. Department of Agriculture is set to release its May supply and demand report on[...]


ICE weekly outlook: Canola awaits acreage report

CNS Canada -- This week's acreage estimates from Statistics Canada could bring an end to canola's recent chart surge upward -- or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday's close. Prairie farmers on Friday will[...]

ICE weekly outlook: Canola creeps toward $500

CNS Canada -- ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced[...]