ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)

ICE weekly outlook: Canola holds over $600

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some



ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (blue line). (Barchart)

ICE weekly outlook: Canola stronger at midweek

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart

ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola stronger at midweek

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are



At capacity, Roquette’s Portage la Prairie pea plant will be able to process 125,000 tonnes of yellow peas per year. (CNW Group/Roquette)

Pulse weekly outlook: Roquette plant now contracting organic yellow peas

Pricing to be at 'sustainable' level for growers

MarketsFarm — Roquette is now contracting for conventional and organic yellow peas for its new processing plant near Portage la Prairie, Man. After construction is finished at the end of 2020, the 200,000-square foot facility will work its way up to processing 125,000 tonnes of yellow peas per year. “We will be receiving peas in



ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: ‘Demand-pull’ environment supports canola

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro.