Pressure on the loonie helps lift canola futures

Pressure on the loonie helps lift canola futures

Conditions in South America add a weather premium

Contracts on the ICE Futures Canada canola complex continued to strengthen during the week ended Feb. 23, as weather issues in South America and action in the Canadian dollar underpinned the market. Traders were rolling out of the March contract and into May, resulting in a flurry of spread action during the week. The tilt


Soybeans’ strength doesn’t sustain canola’s rally

Soybeans’ strength doesn’t sustain canola’s rally

Large corn supplies keep cash prices under pressure

ICE Futures Canada canola contracts hit their best levels in two months during the week ended Feb. 16, but ran out of gas and retreated from those highs despite continued strength in Chicago soybeans. After rallying above the psychological $500-per-tonne mark on Monday (Feb. 12), March canola spent the next few days making attempts at

ICE weekly outlook: Canola rides soymeal wave higher

CNS Canada — ICE Futures Canada canola contracts rode the coattails of a surging soymeal market during the week ended Wednesday, but one big rain in Argentina could halt the rally in its tracks. “If there’s more rain in the forecast we will lose ground,” said Mike Jubinville of ProFarmer Canada. “The attitude is the


Canola rides out turbulence in world financial markets

Canola rides out turbulence in world financial markets

A lower loonie lent support to Canadian canola demand

It was a turbulent week for world financial markets but canola shrugged off much of the volatility and held firm, thanks in large part to weakness in the Canadian dollar. In fact, the market even showed a bit of bullishness as the front-month March contract broke through the psychologically important $500-per-tonne mark during the week

Canola trade shrugs off increase in total stocks

Canola trade shrugs off increase in total stocks

U.S. winter wheat conditions shook up wheat futures

ICE Futures Canada canola contracts kept within their well-established sideways trading range during the week ended Feb. 2, as the market remains stuck in its own version of the Groundhog Day movie. The nearby March contract has held within a $10 range ($490-$500 per tonne) for more than a month now, looking for a reason


Bearish factors outweigh bullish news in canola

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

Canola contracts on the ICE Futures Canada platform held within a rather narrow range during the week ended Jan. 26, lacking any real clear direction as conflicting outside forces kept the oilseed trading sideways. On the supportive side, weather worries in Argentina and the resulting gains in Chicago soybeans provided some underlying support. Solid end-user

Bearish factors outweigh bullish news in canola

Bearish factors outweigh bullish news in canola

Reduced promotional funding may weigh on canola in future

Canola futures hit some of their lowest and highest levels of the past month during the week ended Jan. 19, with the end result being a continuation of a rather choppy and sideways pattern. Canola finished the week on a high note, but there’s more bearish news than bullish in the background for now. Large


Surprises from USDA put turbulence in canola market

Surprises from USDA put turbulence in canola market

NAFTA anxiety puts pressure on the Canadian dollar

The ICE Futures Canada canola complex saw some volatile activity during the week ended Jan. 12, as fluctuations in the Canadian currency and a surprising U.S. Department of Agriculture report created choppy waters for the futures. USDA released its monthly supply-and-demand report on Jan. 12, lowering its estimate for soybean yields in the U.S. to