CNS Canada — ICE Futures Canada canola contracts remain stuck in a sideways trading pattern, with little hint of which way values will eventually break. Canola “is getting tugged from different sources,” said Ken Ball of PI Financial in Winnipeg, adding that “it could go up or down $5 depending on what happens around it.”
ICE weekly outlook: Sideways canola looks for direction
Steady to lower durum market expected
CNS Canada — Larger-than-expected production, a seasonal slowdown in demand and looming Italian country-of-origin-labeling regulations all loom over the Canadian durum market, with steady to lower prices anticipated over the next few months. Italian COOL regulations are set to come into effect in mid-February and require pasta makers in the country to segregate foreign durum,
More snow lately over the Sahara than the Prairies
CNS Canada — Parts of the Sahara Desert received rare snowfall over the past week, with up to 40 cm falling in the Algerian desert town of Ain Sefra. That freak snow — only the third time in 40 years — made for some fantastic photographs before melting, but would be more welcome in Western
Canola futures improve despite bearish outlook
Very early forecasts point to another big canola crop
ICE Futures Canada canola contracts moved higher during the first trading week of 2018, as speculators covered short positions and the market saw a modest recovery off late-December lows. Bitterly cold temperatures across much of Western Canada and the resulting slowdown in country movement were also supportive, although the latest grain-handling numbers still show ample
CBOT weekly outlook: Markets await USDA reports
CNS Canada — Updated production, stocks and acreage numbers due out from the U.S. Department of Agriculture on Friday should provide some nearby direction for U.S. grain and oilseed markets. “I can’t really get too bullish on the bean market with the large USDA estimates hanging over our heads,” said Terry Reilly of Futures International
Buyers are canola!
Artificial intelligence can’t quite cut it yet in market commentary as we see in our 2017 review
Futures from activity Picks back up the extent of their sideways Canada released its softest levels During the yield potential Buyers are canola However, at two weeks remains within a year average Soybeans could easily continue to be harvested In an attempt to outsource the year-end commentary and put it on auto steer, the above
ICE Canada Weekly Outlook: Canola stuck in sideways pattern
CNS Canada – ICE Futures Canada canola contracts may be showing some strength to start the New Year, but the overall trend remains sideways, according to an analyst. “Everything is hovering around C$500, which has been a magnet for the past year-and-a-half,” said David Derwin, Commodities Investment Advisor with PI Financial. The most active March
Lack of export demand drags canola to multi-month lows
Improved outlooks for South American soybeans aren’t helping
The thesaurus got a bit of a workout during the week ended Dec. 15 in an ongoing effort to come up with new words to describe the downtrend/slide/drop/slip/fall/collapse/general sense of weakness in the canola market. Canola prices fell to their lowest levels in three months during the week, and while Friday saw a modest correction,
CBOT weekly outlook: Corn, soy trade watching South America
CNS Canada –– Seasonal holiday trade could lead to some choppiness in the Chicago Board of Trade soybean and corn markets over the next week, although the general bias will likely remain pointed lower in the New Year, barring a weather scare out of South America. “There’s a reluctance to take on new positions ahead
Bearish chart signals keep canola pointed lower
CNS Canada — Canola contracts on the ICE Futures Canada platform have lost roughly $30 per tonne over the past month and have more room to the downside from a chart standpoint. The nearby January contract settled Monday at $491.20 per tonne, just above the September low of $489.50. A break below that point would
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