ICE May 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: China worries keep market trending down

MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems

ICE May 2019 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: More losses likely for soft canola

ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade


ICE May 2019 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive,

ICE March 2019 canola futures with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola grinding lower

ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting





Just how does snow form?

There are a number of interesting things that happen with low-temperature precipitation

With an October that felt more like November and the type of questions I had to answer this past couple of weeks, I thought it might be a good time to revisit the topic of snow. It’s time we went back to weather school to look at the process that creates precipitation in cold clouds,



ICE’s ticker symbol on display at the ICE-owned New York Stock Exchange in March 2016. (Photo: Reuters/Brendan McDermid)

ICE weekly outlook: Canola watching soy ahead of harvest

CNS Canada — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, although the looming harvest and weakness in CBOT soybeans could weigh on values going forward. The November canola contract held above the psychological $500 per tonne level during the week, which should be providing decent opportunities for hedging, said commodities