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

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


ICE weekly outlook: Canola creeps toward $500

CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced

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



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



(Dave Bedard photo)

ICE weekly outlook: Canola futures wait on report

CNS Canada — ICE Futures Canada canola traders may already be looking ahead to the release of Statistics Canada’s next production estimates, as lacklustre trading amid the holiday season leaves investors searching for direction. StatsCan is scheduled to release its final principal field crop report of the year on Dec. 6. The report is usually