Bearish Sentiments, Weather Drag On Canola

Canola futures on the ICE Futures Canada trading platform suffered a minor setback during the week ended Aug. 5 with the downtrend in the Chicago Board of Trade (CBOT) soybean complex and the liquidation of positions by speculators and commodity funds who were spooked by the uncertain global economic situation, behind the bearish price sentiment.



Weather Concerns Drive Markets

Canola futures on the ICE Canada trading platform continued their upward trek during the week ended July 15 with weather concerns and a pickup in demand assisting the price gains. Some of the weather concerns were linked to the Canadian Prairies and differing opinions on the condition of the canola crop in each of the





Canola Drops On Fund Profit-Taking

ICE Futures Canada canola contracts dropped sharply during the week ended June 24, hitting their lowest levels in over a month as a broad-based fund sell-off weighed on prices. An unexpectedly bearish Statistics Canada acreage report also accounted for some of the selling, although most participants were downplaying the large StatsCan acreage number, given the




World’s Skies Rain Bulls And Bears

ICE Futures Canada canola contracts bounced around within a rather narrow range during the week ended June 3, seeing some consolidation after climbing to their highest levels in months the previous week. Both the old-crop July and the new-crop November contract ran into stiff chart resistance at the $600-per-tonne level, which may have factored into