ICE Futures Archives - Page 19 of 40

ICE July 2021 canola (candlesticks) with CBOT July 2021 soybeans (gold line). (Barchart)

ICE weekly outlook: Bare shelves keep all eyes on weather

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in a week or two to

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: Swings ahead for canola

By GFM Network News, Glen Hallick - MarketsFarm May 27, 2021

MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the

Crops, Markets

Net long position in canola edging down

Net long increases in Chicago, K.C. wheat

By GFM Network News, Phil Franz-Warkentin May 22, 2021

MarketsFarm — The managed money net long position in canola has edged down over the past few months, hitting its lowest level since August 2020 in the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday, managed money fund traders were holding a net long position in ICE

The supply concerns now facing canola could become more problematic if there’s little rain to be had in coming weeks.

Grain Markets, Markets

Days are numbered for old-crop canola

July canola is now way down off that $1,000-plus peak

By Glen Hallick - MarketsFarm May 20, 2021

It has been downhill for old-crop canola after it topped the $1,000-per-tonne mark last week. On May 13, the July contract closed at $857.30, tumbling nearly $150 on the week. During its dramatic slide, July bottomed out at ICE Futures’ daily limit three times at the close, including hitting the expanded limit of $45 per

ICE November 2021 canola (candlesticks) with 20-day moving average (green line) and July 2021 canola (yellow open/high/low/close). (Barchart)

Crops, Markets

ICE weekly outlook: Attention turns to new-crop canola

'Somebody's feet will be held to the fire'

By GFM Network News, Phil Franz-Warkentin May 20, 2021

MarketsFarm — Wide price swings in the nearby ICE Futures July canola contract over the past few weeks have sent most commercial trade into the new-crop November, with direction in the front month hard to predict given recent volatility. “Where (July canola) finally goes off the board, I have no idea, but I wouldn’t be

If canola continues to disappear at its current rate, we would wind up with available supplies of negative half a million tonnes by the time a new crop is ready.

Grain Markets, Markets

Canola values try to ration demand as stocks tighten

Chicago soy and corn are running at eight-year-plus highs

By Phil Franz-Warkentin May 13, 2021

The ICE Futures canola market continued its meteoric rise during the first trading week of May, as the ongoing story of tight supplies remained supportive. Statistics Canada confirmed the tightening supply situation with its latest stocks report, released May 7. Total canola supplies in the country as of March 31 were pegged at only 6.6

ICE November 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Rain needed to bolster canola crop

By GFM Network News, Glen Hallick - MarketsFarm May 12, 2021

MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a

ICE July 2021 canola (candlesticks) with Bollinger (20,2) bands and November 2021 canola (black line). (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s uptrend intact for now

By GFM Network News, Phil Franz-Warkentin May 6, 2021

MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper gains in the new-crop months,

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

Crops, Markets

ICE weekly outlook: Challenging crop year ahead for canola

By GFM Network News, Glen Hallick - MarketsFarm April 28, 2021

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That

ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s uptrend still intact

By GFM Network News, Phil Franz-Warkentin April 22, 2021

MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish the task of curtailing demand,”

Daily Network News

Australian canola down but not out of China after Xi’s deal with Canada

U.S. livestock: Cattle sink ahead of semi-annual inventory report

U.S. grains: Chicago wheat futures firm on recent dollar slide, winter weather

Tag Archives ICE Futures

ICE weekly outlook: Bare shelves keep all eyes on weather

ICE weekly outlook: Swings ahead for canola

Net long position in canola edging down

Days are numbered for old-crop canola

ICE weekly outlook: Attention turns to new-crop canola

Canola values try to ration demand as stocks tighten

ICE weekly outlook: Rain needed to bolster canola crop

ICE weekly outlook: Canola’s uptrend intact for now

ICE weekly outlook: Challenging crop year ahead for canola

ICE weekly outlook: Canola’s uptrend still intact

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