Canola prices pull back

Spring planting has caught up with canola futures on the Intercontinental Exchange. For several weeks canola pushed upward, even as rain across the Prairies replenished depleted soil moisture levels, but now optimism for good crops has put pressure on values.
 Planting was delayed and as much as 40 per cent of this year’s canola is[...]






Canola prices higher in rangebound movement

There isn’t much to be overly concerned about now regarding canola futures on the intercontinental exchange. Despite declines, the Canadian oilseed remained a fair bit higher than a week ago. This is pleasant news, given how canola has tumbled downward in recent months. In short, canola can be seen as rangebound. There is a deficit[...]






Several factors weigh on canola prices

After continuing to take a barrage of heavy hits during the week of Dec. 1 to 7, canola futures on the Intercontinental Exchange are now faced with a fork in the road. They can either resume the downward spiral, busting through support level after support level, or they could see successive increases that could bring[...]