Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts may be on the rise, but the commodity is actually looking cheaper to end-users, which should keep values supported going forward. “Canola is getting pulled higher, it’s not going up on its own,” said Ken Ball of PI Financial in Winnipeg. Recent strength in Chicago Board of […] Read more
ICE weekly outlook: Canola looking cheap despite gains
ICE weekly outlook: Canola hits resistance
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher over the past week, but may be running into resistance to the upside. “I’m sensing that canola is at the top end of the range,” said Errol Anderson of ProMarket Communications in Calgary, noting much of the recent strength was tied to advances in Chicago […] Read more
ICE weekly outlook: Rain in Argentina could provide direction
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts finally broke through the psychologically-important $500 per tonne mark during the week ended Wednesday. That could be a fleeting achievement, however, depending on the chances for rainfall in Argentina and the next U.S. Department of Agriculture report. “If rain comes, soybeans could go down to US$9.60 a […] Read more
ICE weekly outlook: Sideways canola seeks spark
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts remain stuck within a sideways trading range awaiting a spark that would push values one way or the other. “We could have had this conversation two months ago… canola is refusing to budge from a range,” analyst Mike Jubinville of ProFarmer Canada said of the lack of […] Read more
Canola ‘streaming’ firm eyes mortgage business
Reading Time: 2 minutes A Saskatchewan company that offers farmers cash up front for canola to be grown later is now tentatively bringing its model to the farm mortgage business. Input Capital, which sources canola from Prairie growers through multi-year “streaming” contracts, announced Tuesday it has launched a “mortgage stream” as a pilot project. Input, which set up in […] Read more
ICE weekly outlook: Canola creeps toward $500
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
ICE weekly outlook: Canola looks to soyoil wildcard
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
ICE weekly outlook: Canola trending higher
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts continued their steady upward trend during the week ended Wednesday, posting their highest daily settlements since July. Continued strength is possible, but those gains will depend on activity in the Canadian dollar and the U.S. soybean market. “There’s a firm tone in canola,” said Errol Anderson of […] Read more
ICE weekly outlook: Canola enjoying broad-based support
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the […] Read more
ICE weekly outlook: Seasonal uptrend possible for canola
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts trended higher over the past month, but appear to be running into resistance from a chart standpoint. Seasonal price trends, however, should see values continue their uptrend over the next month. The most-active November contract has now traded above the $500 per tonne level for five straight […] Read more
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