ICE November 2019 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola values stay rangebound

MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked

ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)

ICE weekly outlook: Canola values stay rangebound

MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with









Canola remains rangebound against various pressures

Canola remains rangebound against various pressures

Market watchers await upcoming data dumps from USDA

ICE Futures canola contracts trended lower for most of the week ended Feb. 1 as a number of factors conspired against them. However, prices remain rangebound overall and the market managed to end the week on a minor positive note. The nearby March contract lost roughly $6 per tonne during the last week of January,



Canola crush margins have improved in the past few months thanks to a low Canadian dollar.

Blowback from Chinese CEO’s arrest may drag on markets

New data from StatsCan might (or might not) support canola

ICE Futures canola contracts moved higher during the week ended Dec. 7, although whether that trend continues is questionable. A rally in Chicago Board of Trade soybeans Monday morning (Dec. 3) provided the initial spark for a move higher in canola, as participants reacted to news of a tentative trade truce between the U.S. and