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Tag Archives canola prices

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola turning sideways

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts hit some of their best levels in a month during the week ended Wednesday, but appear to have run into resistance from a chart standpoint as the near-term outlook shifts sideways. The May contract hit a session high of $476 per tonne on Tuesday, but was unable […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola drops amid widespread pressure

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts suffered significant losses during a volatile week ended Wednesday. While futures managed to recover off their fresh contract lows hit during the week, the overall technical bias remained pointed lower. Weakness in the U.S. soy complex and vegetable oil market were joined by strength in the Canadian […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: ‘Time will tell’ for canola after drop

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Reading Time: < 1 minute CNS Canada — Canola contracts on the ICE Futures Canada platform dropped sharply during the week ended Wednesday, falling below major support as some stops were hit on the way down. While damage was done from a chart standpoint, end-user demand remains solid and “time will tell” if the downtrend continues or if canola manages […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola watching currency, soybeans

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts posted small gains during a choppy trading week ended Wednesday. Values were under pressure from the start due to a sharp break below major chart support on Feb. 9. Expectations of a large soybean crop from South America along with the ever-strengthening Canadian dollar put pressure on […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola posts gains as loonie plunges

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts advanced during the week ended Wednesday, on the back of currency action that made the commodity more desirable to international buyers. “This Canadian dollar has really helped out exports to China, Japan, Pakistan and Mexico,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The loonie continued to […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola stuck in sideways range

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts posted small losses during the week ended Wednesday, but remained rangebound overall. That sideways activity is expected to continue over the next month or so, as large supplies and increased farmer selling, on the one side, is countered by solid end-user demand and the weaker Canadian dollar. […] Read more

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