Price declines not as severe in canola

Uncertainties remain for Canada’s new canola crop

For the most part, the week ended June 16 could have been much worse for canola, as declines should have been more severe. From June 9 to 16 the old-crop July contract lost $45 per tonne, while new-crop November gave up $38. One reason for the decline was a general sell-off in the global vegetable






ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

ICE weekly outlook: Canola sideways for now

MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains