(Dave Bedard photo)

ICE weekly outlook: Weather to make or break canola market

CNS Canada –– ICE Futures Canada’s canola futures moved independently higher during the week ended Wednesday, ignoring weakness in the Chicago soybean market. The generally tight supply situation for canola, a weak Canadian dollar and worries about dry conditions damaging some crops in Western Canada underpinned canola. Dry conditions in parts of the western Prairies


canola seedling

U.S. production prospects drag on canola values

U.S. wheat’s corrective bounce is unlikely to stick

ICE Futures Canada canola contracts bounced up and down within a relatively narrow range during the week ended May 14, but finished right around where they started as the uncertainty of this year’s North American crop kept some caution in the market. After waiting for a spring rally that never came, attention must now turn

(Dave Bedard photo)

ICE weekly outlook: Canola bias points higher

CNS Canada –– ICE Futures Canada canola contracts stayed mostly rangebound during the week ended Wednesday, before finishing $4 per tonne higher. “Funds are putting a long position on,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The most-frequently-traded July contract tested the $460 per tonne mark before backing off at the end of the



(Dave Bedard photo)

ICE weekly outlook: Canola treads water waiting for news

CNS Canada — ICE Futures Canada canola futures moved slightly higher during the week ended Wednesday, as values stayed mostly rangebound amid a dearth of fresh fundamental news. “The open interest is going down because the funds have been liquidating their positions; down under 10,000 contracts,” said analyst Wayne Palmer of Agri-Trend Marketing in Winnipeg,.