Volatility was certainly the order of the week for ICE canola futures as prices fluctuated up and down — due partly to the coming expiry of the March contract, which has been part of a few spectacular months of trading. Canola contracts pushed higher and higher over that time, albeit with a few steps back
What goes up in grain markets, must come down — eventually
Traders keep an eye on the possibility of price rationing if stocks fall too low
Tight canola supplies could perhaps cause ‘short squeeze’
Volatile ICE March canola punched above $700 briefly last week
The ICE Futures canola market went for a wild ride during the last week of January, hitting levels not seen in nearly 13 years before profit-taking took a bite out of the upside. The nearby March contract rallied sharply for three straight sessions, eventually hitting a high for the move of $724.50 per tonne. The last time canola was
Rising feed prices drag on cattle futures
Feeder cattle bids continue steady to lower
Activity was slowly picking back up at Manitoba’s cattle auction yards during the second week of January, with feeder prices steady to lower compared to levels ahead of the holidays. Lighter-weight feeders continued to see the best demand, with discounts for the heavier animals. About 5,000 feeder cattle moved through the rings across the province during the
Canola values’ climb likely to continue
Crush margins are around the widest levels seen in the past year
ICE Futures canola continued its months-long rally during the first week of 2021, hitting fresh contract highs to trade at levels not seen in more than seven years. While a profit-taking correction is always possible, the trend appears intact for the time being. The most active March contract had faced some resistance at the psychological $650-per-tonne mark during
Canola ending stocks forecast lowered
Canadian canola ending stocks for the 2020-21 marketing year could be their tightest in eight years, according to updated supply/demand data from Agriculture and Agri-Food Canada, released late Dec. 18. The government agency cut its forecast for canola ending stocks for 2020-21 to only 1.20 million tonnes. That was down by roughly a million tonnes
2020 grain market review: The year that felt like a decade
MarketsFarm – The column in this space a year ago led with the line ‘the more things change, the more they stay the same.’ That line was a jumping off point for a decade-in-review piece pointing out some of the through lines of the grain markets during the previous ten years. Well, the pandemic hit
Canola’s bull will soon need feeding
U.S. soybean ending stocks are also already projected to be tighter this year
The ICE Futures canola market saw some choppy activity during the week ended Dec. 11, consolidating just below recently hit multi-year highs as investors took profits and adjusted positions ahead of the seasonal slowdown. Canola has been in a steady uptrend since July, and underlying fundamentals remain supportive with plenty more room to the upside.
Healthy demand greets lighter-weight cattle
Markets expect a couple of busy weeks before the year-end shutdown
Manitoba cattle auction yards remained busy during the first week of December, but should start to slow down heading into the new year. Lightweight feeders were seeing the best demand, with heavier animals running into some resistance. “We probably have another 10 days of good deliveries before everybody shuts down for the holidays,” Rick Wright
Domestic and export demand support canola
Guided by bullish chart signals, speculators are adding to their long positions
ICE canola futures kept climbing during the week ended Nov. 20, hitting multi-year highs and showing no signs of slowing the uptrend. Aside from a brief blip on the charts in 2017, when the July contract was expiring, the nearby canola market has not traded above $550 per tonne for any extended period of time since 2013. January canola first settled
Broad commodity sell-off sweeps canola off perch
Recent upticks in COVID-19 cases have jarred outside markets
All good things will eventually come to an end — and it looks like that was the case in the canola futures market the last week of October. The steady uptrend that was in place all through the summer and for most of the fall may have finally reached its upper limits, with the multi-year
Cyber-Savvy Farmer
