Canola futures improve despite bearish outlook

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

Canola futures.

Where are canola prices going?

To answer that question you’ll need a good handle on factors around the world affecting the oilseed complex

A question I get asked a lot is, “Where are canola prices going?” That’s not something you can answer just by looking out your back door, throughout your province, or even across the Prairies. You really have to look around the world at all oilseed markets to get a better sense of where our canola


Buyers are canola!

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



Oilseed Rape Pods

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,

Canola hovers rangebound despite StatsCan report

Canola hovers rangebound despite StatsCan report

The global supply picture is dragging on wheat futures

ICE Futures Canada canola contracts were pressured by a bearish Statistics Canada report during the week ended Dec. 8, but managed to stay within their recently established technical range. For the most part, the dominant January contract hovered somewhere between $505 and $510 per tonne. Futures received some support from the Canadian dollar, which was


StatsCan jobs data drags on canola as loonie jumps

StatsCan jobs data drags on canola as loonie jumps

New StatsCan crop estimates may provide some direction

ICE Futures Canada canola contracts chopped around within a wide range over the course of the week ended Dec. 1, but finished that Friday on a soft note. The late weakness in canola was a direct result of a rally in the Canadian dollar. The currency itself had been under pressure for most of the

Oilseed Rape Pods

Canola values slip lower in U.S. traders’ absence

Traders are largely gun shy while waiting on StatsCan data

It was a sluggish week for ICE Futures Canada canola prices as the U.S. Thanksgiving holiday sent traders to the sidelines. Markets in the U.S. were closed on Thursday and had limited hours on Friday. The front-month January contract chopped around between the $514 and $520 marks for the beginning of the week ended Nov.


Blooming rapeseed field at sunset

Canola prices likely capped by ample supplies

StatsCan has left canola projections unchanged in their 
most recent supply/demand tables

ICE Canada canola prices bounced around within a wide range during the week ended Nov. 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is