ICE Futures Archives - Page 16 of 40

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

ICE weekly outlook: Canola futures bend under pressure

By GFM Network News, Glen Hallick - MarketsFarm December 16, 2021

MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one

Crops, Markets

ICE weekly outlook: Canola futures still well supported

By GFM Network News, Phil Franz-Warkentin December 8, 2021

MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward

Canola export movement from the West Coast remained solid despite the damage on rail lines through southern British Columbia.

Grain Markets, Markets

Canola futures show signs of peaking

By Phil Franz-Warkentin December 3, 2021

SUPPLIES | Domestic crushers should be the main customer this month

Canola on the ICE Futures platform hit fresh highs in many contract months during the last full week of November, but showed signs of stalling out near the top with the Thanksgiving holiday in the United States leading to some volatility and thin volumes. While the underlying reality of tight supplies, and the need to

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

Crops, Markets

ICE weekly outlook: Days of $1,000 canola done, for now

By GFM Network News, Glen Hallick - MarketsFarm December 1, 2021

MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under

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

Crops, Markets

ICE weekly outlook: Canola market strong but choppy

By GFM Network News, Phil Franz-Warkentin November 25, 2021

MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying,

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

Crops, Markets

ICE weekly outlook: Canola trade starts rolling out of January early

By GFM Network News, Glen Hallick - MarketsFarm November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price

ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

By GFM Network News, Phil Franz-Warkentin November 10, 2021

MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola rally keeps going

Not yet back at $1K, but it's possible

By GFM Network News, Glen Hallick - MarketsFarm October 21, 2021

MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never

Crops, Markets

ICE canola futures’ daily limit expanded to $60

By GFM Network News, Marketsfarm October 20, 2021

MarketsFarm — The daily price limit (DPL) for canola futures contracts on the ICE Futures platform will rise to $60 per tonne starting Nov. 1, the exchange announced Tuesday. The DPL determines how much a contract can move in a given session above or below the previous settlement. The new level compares with the current

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

Crops, Markets

ICE weekly outlook: Canola still rangebound

Selling pressure seen from U.S. soy

By GFM Network News, Phil Franz-Warkentin October 13, 2021

MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside

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Tag Archives ICE Futures

ICE weekly outlook: Canola futures bend under pressure

ICE weekly outlook: Canola futures still well supported

Canola futures show signs of peaking

ICE weekly outlook: Days of $1,000 canola done, for now

ICE weekly outlook: Canola market strong but choppy

ICE weekly outlook: Canola trade starts rolling out of January early

ICE weekly outlook: Canola’s trend line still pointed higher

ICE weekly outlook: Canola rally keeps going

ICE canola futures’ daily limit expanded to $60

ICE weekly outlook: Canola still rangebound

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