ICE weekly outlook: Canola sliding lower

CNS Canada — ICE Futures Canada canola contracts have trended lower for the past month and still have some more room to the downside heading into the New Year, according to an analyst. “I think we’ll go lower,” said Errol Anderson, of ProMarket Communications in Calgary, citing a number of bearish factors. Activity in the




(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



ICE weekly outlook: Canola trending higher

CNS Canada — ICE Futures Canada canola contracts continued their steady upward trend during the week ended Wednesday, posting their highest daily settlements since July. Continued strength is possible, but those gains will depend on activity in the Canadian dollar and the U.S. soybean market. “There’s a firm tone in canola,” said Errol Anderson of



ICE weekly outlook: Canola enjoying broad-based support

CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the



(Dave Bedard photo)

ICE weekly outlook: Canola looks to USDA for direction

CNS Canada — The canola market continues to chop around in its recently-established range of $490-$500 per tonne, but a looming U.S. Department of Agriculture report could change that, according to an industry analyst. “That (USDA supply and demand report) is going to be the driver,” said Keith Ferley of RBC Dominion Securities in Winnipeg.