Oilseed values gaining on talk of U.S. biofuel rules

Speculation on Trump’s next move supports crush margins

ICE Futures Canada canola contracts posted solid gains during the week ended March 3, as a flurry of speculation about rumoured changes to U.S. biofuel regulation injected strength into oilseed prices. Canola’s May contract rose from a closing price of $515.30 per tonne on Feb. 24 to settle at a closing price of $532.60 on




(Dave Bedard photo)

ICE weekly outlook: Canola drops below range

CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January



Canola, November 2015.

Drozd: Double top signals an end to the weather market rally in canola

Weather market rallies seldom last for long. Emotions run high, causing the rally to end just as suddenly as it began

Chart analysts keen on the lookout for telltale signs of a market top in canola were rewarded when a reversal pattern called a double top appeared at the height of the rally in July 2015. Double tops and bottoms are chart formations which appear in the futures markets. Once completed, they are a reliable indicator