Are we at market bottom yet?

One Thanksgiving, after what must have been a very filling dinner at my grandma’s apartment, a group of my cousins and I, all in town for the holiday, decided to see a movie (School of Rock, if you want to date this anecdote). We never made it to the theatre because the elevator from the[...]



Lane change from downhill to bumpy road

As February winds down, canola has altered its course. Instead of the dreary downward trend that gave little joy, the oilseed is headed toward a bumpy road. Like frost boils and potholes marking roads throughout the Prairies, canola began facing a future of ups and downs last week. While the Intercontinental Exchange saw a short-lived[...]



Plenty of upside now for canola

Harvest pressure, combined with a selloff by the funds, continued to bring down canola prices for the week ended Sept. 28 — but, just like the outlook for early fall temperatures for the Prairies, it’s anyone’s guess whether they’ll go up or down. The ICE Futures November canola contract dropped $9.80 per tonne to close[...]


Speculators bet against canola

The ICE Futures canola market held within a narrow trading range during the first week of October, testing downside support on several occasions as seasonal harvest pressure wound down, but the market lacked any spark to move higher. November canola found major support around $710 per tonne. Any attempts to break lower quickly ran out[...]

Not much excitement in canola markets

There’s simply not much of an upside to canola futures right now. At best, the oilseed is destined to remain rangebound, perhaps until the trade has a good handle on what spring planting on the Canadian Prairies could be like. Another idea is canola will shift back and forth until the United States Department of[...]


Canola futures sit on the couch

My step-counting watch is very good at reminding me to get up and move if I haven’t taken at least 250 steps in the past hour. That subtle vibration is usually enough to get me out of my chair to stretch my legs, although I sometimes miss the reminder. Agricultural futures rarely have a problem[...]