canola field

Canola bounces back from sell-off in U.S. soybeans

Fallout from the GM wheat finding remains to be seen

ICE Futures Canada canola contracts fell to some of their lowest levels in months during the week ended June 15, before finding some support at the lows. The new-crop November contract fell below $505 per tonne at one point during the week, but was back around the $510 level by Friday’s close. Chicago soybeans were


Rain across Prairies, fund liquidation drag on canola

Rain across Prairies, fund liquidation drag on canola

U.S. trade spats with other countries roil commodities

The ICE Futures Canada canola market continued to trend lower during the week ended June 8. The front-month July contract gave way to the November contract month as the dominant value, as traders roll into the new crop. November sunk below the $510-per-tonne mark and closed at $511.10, down $11.90 from June 1. Fund liquidation

horizontal image of five round steel grain bins sitting in a yellow canola field under a very cloudy sky in the summer.

Trade spats drag on canola as weather worries subside

The winter wheat harvest could pressure wheat for now

Much-needed rain fell across large areas of Western Canada during the week ended June 1, weighing on canola prices as traders took some of the weather premiums out of the market and farmers became more willing sellers. Chart-based selling added to the declines, as canola backed away from major upside resistance. The July contract had


Paved with good intentions

Paved with good intentions

Early production estimates start with seeding intentions, which may or may not materialize


When I started in the business in 1995 on the floor of the Winnipeg Commodity Exchange, being the rookie, I remember running to get the StatsCan reports from the government office on the day of a big release. Even back then, I thought it was counterproductive to worry too much about those reports. After the

Dry conditions on Prairies underpin canola trading

Dry conditions on Prairies underpin canola trading

China’s interest in U.S. soy is both bearish and bullish

Contracts on the ICE Futures Canada canola complex inched their way higher during the week ended May 25, momentarily threatening to break above major chart resistance at $540 per tonne until traders stepped in and took profits before Friday’s close. Many parts of Western Canada are badly in need of more rain, underpinning trading in


Oilseed Rape Pods

Canola futures stay locked in long-term trading range

Saskatchewan and western Manitoba stay on the dry side

ICE Futures Canada canola contracts held within their well-established trading range during the week ended May 18, with all eyes on weather conditions at this time of year. Some much-needed rain hit Winnipeg and surrounding areas of Manitoba on Friday, but western parts of the province and Saskatchewan remain on the dry side and in



Blooming rapeseed field at sunset

Despite government reports, canola remains rangebound

A new supply/demand report loads weights on U.S. futures

Canola contracts continued to chop around the $525- to $535-per-tonne range during the week ended May 11, despite some recent government reports that were deemed bullish for the market. The U.S. Department of Agriculture on May 10 released its monthly supply and demand report, in which it lowered its estimate of the ending stocks for