Attention will turn to the weather as spring planting approaches.

Canola futures edge downward after good run

New crop canola was especially hard hit and now the trade is watching weather

As the old saying goes, all good things must come to an end. That’s exactly what happened to canola futures on the Intercontinental Exchange at the close of trading March 30, as the Canadian oilseed marked its first losses since March 22. That past Wednesday, the nearby May contract lost $9.40 to close at $720











ICE Futures Canada’s head office in Winnipeg. (Dave Bedard photo)

Canola technicals turn bearish

CNS Canada — ICE Futures Canada canola contracts settled at their weakest levels in nearly three months on Thursday, with more room to the downside as the technical bias has shifted lower. After hitting contract highs within the past two weeks, the canola market has found itself in a steady downtrend. The nearby July contract