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Tag Archives canola prices

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola sitting right above support

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but held above major support as prices remain relatively cheap compared to other oilseeds. Fund traders adding to short positions were behind much of the weakness in canola, although traders said the net short position was reaching the point that […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Weather market ahead

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola prices edged up on the week, propped up by soggy Prairie fields and the anticipation for warm, dry weather in the U.S. Going forward, the market will be dominated by fund trading and weather-watching. “Funds are net short right now, and that’s something different, because we’ve rallied back […] Read more
November 2016 canola at close on July 7, 2016. The single red line tracks the 200-day moving average. (Barchart.com)
Canola, Crops, Markets

Canola drops hard, nearing major chart support

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell below nearby chart support on Thursday, hitting their softest levels in four months. There is more room to the downside, but the market is also looking oversold. Fund traders were noted sellers on the move down, liquidating long positions and possibly moving to the short side […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola looks for bounce-back

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts sunk lower during the week ended Wednesday, pressured by fund selling and a drop in the U.S. soy complex. However, there could be some relief in sight, as the market looks to correct itself. “Funds coming into this week were huge, longs in soybeans and corn; they’re […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola clawing back from sharp losses

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were slowly clawing their way back after dropping to their weakest levels in three months over the past week. The market likely has more room to the upside, although weather conditions will be a major factor driving prices through the summer months. “Canola was ridiculously cheap relative […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola establishes range

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Soybeans

Market analysts watch for surging soybeans to peak

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Reading Time: 2 minutes CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola prices winding down

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola markets were mixed in the week ended Wednesday, and as grower interest in selling ramps up, prices are likely to edge down. “Canola has been pushed up to some moderately high levels, and it’s been justified in being up there,” said Ken Ball of PI Financial Corp. “But […] Read more

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