(Dave Bedard photo)

ICE weekly outlook: Canola watching weather

Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, with small losses in the front months and gains in the more deferred positions. While activity remains somewhat subdued for the time being, any future moves will be highly dependent on weather conditions heading into the growing season. “The markets […] Read more



(Dave Bedard photo)

ICE weekly outlook: Canola drifts downward in rangebound trading

Reading Time: 2 minutes CNS Canada –– ICE Futures Canada canola contracts chopped around in sideways trading during the week ended Wednesday, before settling slightly lower. Activity was volatile with values generally staying within a $10 range, analysts said. Gains in the U.S. soy complex were responsible for much of the support canola saw over the five-day period, along […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola rangebound, watching acreage

Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund […] Read more


(Dave Bedard photo)

ICE weekly outlook: Canola treads water waiting for news

Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures moved slightly higher during the week ended Wednesday, as values stayed mostly rangebound amid a dearth of fresh fundamental news. “The open interest is going down because the funds have been liquidating their positions; down under 10,000 contracts,” said analyst Wayne Palmer of Agri-Trend Marketing in Winnipeg,. […] Read more




(Dave Bedard photo)

ICE weekly outlook: Canola rangebound, for now

Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but managed to find some support to the downside and are looking rangebound overall. Canola is still looking firm relative to Chicago (CBOT) soybeans, said broker Ken Ball of PI Financial in Winnipeg. While solid commercial demand was one supportive […] Read more


(Dave Bedard photo)

Long liquidation looms in canola futures

Reading Time: < 1 minute CNS Canada –– Fund traders are still holding large long positions in canola, but could be poised to start liquidating some of those positions as prices near key chart support. Funds are sitting on a long position in “the mid-40,000 area”, according to a canola broker. “Further technical weakness would likely bring in some long […] Read more