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Tag Archives ICE Futures

(Dave Bedard photo)
Crops, Markets

Fund position back to net short in canola

MGEX wheat also shifts to net short: CFTC

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MarketsFarm — Heavy long-liquidation in ICE Futures canola saw the managed money speculative position flip back to a net short after a brief flirtation with a net long, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The weekly report was delayed one day due to last
ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and ICE March 2023 canola (black line). (Barchart)
Crops, Markets

ICE weekly outlook: Premium showing in front-month canola

'Surge' of farmer selling expected in January

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MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That
(File photo by Dave Bedard)
Crops, Markets

Fund position switches to net long in canola

Net long in CBOT corn decreases on the week

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MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures
ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

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MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball
ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola sees choppy, sideways month-end trade

Wide crush margins remain bullish

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MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader said of the sideways activity,
ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

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MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil.

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