ICE weekly outlook: Upside seen for canola prices

MarketsFarm -- Early gains were followed by late losses on ICE Futures' canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving[...]

ICE canola weekly outlook: Weak soybeans a “problem”

The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.



ICE weekly outlook: Canola prices 'cheap' but rangebound

MarketsFarm -- ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year's crop. "Overall, canola is relatively cheap," said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins -- over $200 per[...]


ICE weekly outlook: Little downside for canola, trader says

MarketsFarm -- After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to[...]