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 looks to soyoil wildcard
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: Canola looks to USDA for direction
Reading Time: 2 minutes CNS Canada — The canola market continues to chop around in its recently-established range of $490-$500 per tonne, but a looming U.S. Department of Agriculture report could change that, according to an industry analyst. “That (USDA supply and demand report) is going to be the driver,” said Keith Ferley of RBC Dominion Securities in Winnipeg. […] Read more
ICE weekly outlook: Canola facing uphill climb
Reading Time: < 1 minute CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
Using futures and options in uncertain times
AME Management: Every year has its unique events, but with this strategy, farmers can provide profit opportunities that an “ordinary” year simply wouldn’t make available
Reading Time: 4 minutes Already, 2017 has been a year of uncertainty due both to unpredictable weather and political patterns. (We won’t speculate on which is the less predictable!) Uncertainty breeds large amounts of price volatility. Many farmers argue that using futures and options is too hard and carries the risk of cash-flow drains. They prefer to use the […] Read more
ICE weekly outlook: Canola rangebound, watching harvest
Reading Time: < 1 minute CNS Canada — Canola futures moved steadily higher over the course of the week ended Wednesday, but remain firmly entrenched in a sideways trading range as seasonal harvest pressure continues to limit the upside. “Most of the markets are still just killing time… everybody is just monitoring things to see where they go next,” said […] Read more
ICE weekly outlook: Harvest pressure set to increase
Reading Time: < 1 minute CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at […] Read more
ICE weekly outlook: Canola rises, post-report
Reading Time: 2 minutes CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the […] Read more
ICE weekly outlook: Canola consolidates as crush margins deteriorate
Reading Time: 2 minutes CNS Canada — Participants in the canola market have their rain gauges out this week to see if heat-blasted sections of the Prairies get enough moisture to help the beleaguered crop. “Many pockets of Western Canada are in desperate need of rain so that’s the feature right now,” said Keith Ferley of RBC Dominion Securities […] Read more
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