canola futures Archives | Manitoba Co-operator

ICE weekly outlook: Canola nears resistance

MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You can’t discount at least the

Crops, Markets

ICE weekly outlook: In canola, volatility is order of the day, for now

By GFM Network News, Glen Hallick - MarketsFarm March 5, 2020

MarketsFarm — Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what it is,”

Crops, Markets

High stocks-to-use ratio weighs on canola

By GFM Network News January 24, 2020

MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation

Crops, Markets

ICE weekly outlook: Canola off highs, rangebound

By GFM Network News, Phil Franz-Warkentin - MarketsFarm January 15, 2020

MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade deal signed Wednesday between the U.S. and China failed to give the grain and oilseed markets a boost, as the vague details of the actual

Crops, Markets

Fund short-covering continues in canola, soybeans

By GFM Network News, Phil Franz-Warkentin - MarketsFarm January 11, 2020

MarketsFarm — Fund traders continued to exit short positions in soybeans and canola futures during the first week of 2020, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 33,243 contracts, a decrease

Crops, Markets

ICE weekly outlook: Canola values could fall further

By GFM Network News, Glen Hallick - MarketsFarm December 11, 2019

MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David Derwin, an analyst with PI

Crops, Markets

ICE weekly outlook: Canola steady, awaits news

By GFM Network News, Phil Franz-Warkentin - MarketsFarm December 4, 2019

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the

Crops, Markets

ICE weekly outlook: Rangebound canola vulnerable to losses

By GFM Network News, Phil Franz-Warkentin - MarketsFarm October 23, 2019

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and may have more room to the downside, despite persistent harvest delays across Western Canada. “Overall, we’re still rangebound, but we’re going to the lower part of the trading window,” said analyst Errol Anderson of Pro Market Communications in Calgary. “Canola is

Crops, Markets, Weather

ICE weekly outlook: More than weather behind canola uptrend

By GFM Network News, Glen Hallick - MarketsFarm October 9, 2019

MarketsFarm — Canola’s sharp rise over the last week can be attributed not only to poor weather on the Prairies, but to other factors as well, according to MarketsFarm Pro analyst Mike Jubinville. For seven straight trading sessions, canola bids have climbed, from $445.60 per tonne at the close of trading on Sept. 27 to

Crops, Markets

Canola breaks out of sideways range, uptrend slowing

By GFM Network News, Phil Franz-Warkentin - MarketsFarm October 7, 2019

MarketsFarm — ICE Futures canola broke out of a long standing sideways trading range during the first week of October, but could be running out of steam to the upside from a technical standpoint. The nearby November contract had held within a $15 range between $440 and $455 per tonne all summer, but jumped out

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GFM Network News

Klassen: Strong demand underpins yearlings

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Tag Archives canola futures

ICE weekly outlook: Canola nears resistance

ICE weekly outlook: In canola, volatility is order of the day, for now

High stocks-to-use ratio weighs on canola

ICE weekly outlook: Canola off highs, rangebound

Fund short-covering continues in canola, soybeans

ICE weekly outlook: Canola values could fall further

ICE weekly outlook: Canola steady, awaits news

ICE weekly outlook: Rangebound canola vulnerable to losses

ICE weekly outlook: More than weather behind canola uptrend

Canola breaks out of sideways range, uptrend slowing

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