canola futures Archives - Page 6 of 38

ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola trade’s focus on South America

Canola still entrenched in $800-$900 range

By GFM Network News, Phil Franz-Warkentin December 15, 2022

MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, looking for some direction to push values one way or the other. “We’re just watching South American weather now,” said Jaimie Wilton, commodities futures specialist with RJ O’Brien in Winnipeg, pointing to the drought in Argentina and the relatively favourable conditions

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

By GFM Network News, Phil Franz-Warkentin September 21, 2022

MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to

Traders and analysts argue that satellite-based crop data shouldn’t take so long for StatCan to process.

Grain Markets, Markets

Canola prices rangebound at start of harvest

By Glen Hallick - MarketsFarm September 1, 2022

The canola harvest on the Prairies is in its early stages and prices on ICE Futures remained rangebound over the course of the week ended Aug. 25. Canola has been up a little, down a little, a spike here, a bit of a drop there – that’s pretty much been the story ahead of the

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

Crops, Markets

ICE weekly outlook: Time gap too large in StatCan report

Canola's potential yields shrank in meantime

By GFM Network News, Glen Hallick - MarketsFarm August 24, 2022

MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out

Grain Markets, Markets

Canola values are once again getting too high

By Glen Hallick - MarketsFarm April 21, 2022

There’s increasingly little room for canola to manoeuvre as the gap between the old-crop months and the new-crop contracts continues to narrow. One of two avenues await: either canola prices fall hard or, in a highly unlikely event, product prices suddenly spike. Canola pushed ahead of other edible oils and is now overvalued and in

ICE Futures July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and November 2022 canola (black line). (Barchart)

Crops, Markets

ICE weekly outlook: Canola seen as teetering, likely to tumble

'A lot of emotion and tension' in market

By GFM Network News, Glen Hallick - MarketsFarm April 13, 2022

MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be

ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

Crops, Markets

ICE weekly outlook: Canola finding plenty of support

By GFM Network News, Phil Franz-Warkentin February 24, 2022

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in

ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets

ICE weekly outlook: Canola futures still well supported

By GFM Network News, Phil Franz-Warkentin December 8, 2021

MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward

ICE March 2022 canola (candlesticks) with 20- and 50- day moving averages (yellow and dark green lines). (Barchart)

Crops, Markets

ICE weekly outlook: Days of $1,000 canola done, for now

By GFM Network News, Glen Hallick - MarketsFarm December 1, 2021

MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under

Markets

ICE weekly outlook: Canola speculators running market higher

By GFM Network News, Phil Franz-Warkentin October 28, 2021

MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI Financial in Winnipeg. He said

Daily Network News

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Tag Archives canola futures

ICE weekly outlook: Canola trade’s focus on South America

ICE weekly outlook: Seasonal upturn possible for canola

Canola prices rangebound at start of harvest

ICE weekly outlook: Time gap too large in StatCan report

Canola values are once again getting too high

ICE weekly outlook: Canola seen as teetering, likely to tumble

ICE weekly outlook: Canola finding plenty of support

ICE weekly outlook: Canola futures still well supported

ICE weekly outlook: Days of $1,000 canola done, for now

ICE weekly outlook: Canola speculators running market higher

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