ICE Futures Archives - Page 15 of 40

ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

ICE weekly outlook: Rangebound canola market consolidating

By GFM Network News, Phil Franz-Warkentin February 17, 2022

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said,

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

Crops, Markets

ICE weekly outlook: No independent strength left in canola

By GFM Network News, Glen Hallick - MarketsFarm February 9, 2022

MarketsFarm — At a little more than halfway through the 2021-22 marketing year for canola, a trader asserted the Canadian oilseed now lacks the ability to move independently. Rather, it will follow the ups and downs in oil and meal markets. “[Canola] did its thing months ago,” trader Ken Ball of PI Financial in Winnipeg

ICE March 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and dark green lines) and CBOT March 2022 soybeans (black line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola moving back in line with soybeans

By GFM Network News, Phil Franz-Warkentin February 3, 2022

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but lagged the Chicago Board of Trade soy complex to the upside as the spreads between the two markets saw some readjustment. “If you had bought 100 tonnes of March canola on Dec. 21 you’d be up about $10 per tonne right

Crops, Markets

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

By GFM Network News, Glen Hallick - MarketsFarm January 27, 2022

MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever

ICE March 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets

ICE weekly outlook: Choppy canola trade expected

Old-crop 'likely pushing the upper limits'

By GFM Network News, Phil Franz-Warkentin January 20, 2022

MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby

ICE March 2022 canola (candlesticks) with 20-day moving average (yellow line) and November 2022 canola (green line, left column). (Barchart)

Crops, Markets, Weather

ICE weekly outlook: Despite declines, signs point to increases for canola

By GFM Network News, Glen Hallick - MarketsFarm January 13, 2022

MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he

Crops, Markets

Funds holding record-large net long position in canola

By GFM Network News, Phil Franz-Warkentin January 8, 2022

MarketsFarm — Fund traders remain bullish in the canola market, growing their net long position to a new record in the latest Commitment of Traders report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 68,140 contracts as of Jan.

ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Crops, Markets

ICE weekly outlook: Canola strength shows no signs of fading

By GFM Network News, Phil Franz-Warkentin January 6, 2022

MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to

Crops, Markets

ICE weekly outlook: Hard to say where canola is going

By GFM Network News, Glen Hallick - MarketsFarm December 30, 2021

MarketsFarm – There was a first for canola on Dec. 29, in that three contracts exceeded C$1,000 per tonne at the same time. In the sharp upswing during that Wednesday morning on the Intercontinental Exchange, the nearby January, March and May canola contracts respectively reached new highs with the former hitting the daily limit of

ICE March 2022 canola (candlesticks) with November 2022 canola (yellow line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Holiday canola trading is anyone’s guess

By GFM Network News, Glen Hallick - MarketsFarm December 23, 2021

MarketsFarm — The canola trading week starting Tuesday (Dec. 28) will be a short one and Keith Ferley of RBC Dominion Securities said anything can happen. “I don’t know if we’re going to see that with computer trading. Volumes usually lighten up, but nothing is normal in this COVID world,” he cautioned. Canadian markets, including

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Tag Archives ICE Futures

ICE weekly outlook: Rangebound canola market consolidating

ICE weekly outlook: No independent strength left in canola

ICE weekly outlook: Canola moving back in line with soybeans

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

ICE weekly outlook: Choppy canola trade expected

ICE weekly outlook: Despite declines, signs point to increases for canola

Funds holding record-large net long position in canola

ICE weekly outlook: Canola strength shows no signs of fading

ICE weekly outlook: Hard to say where canola is going

ICE weekly outlook: Holiday canola trading is anyone’s guess

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